According to the first estimate of the Economic Accounts for Agriculture for 2022, it is expected that the income of agricultural activity, in real terms, per annual work unit, will register a sharp decline (11.8%), a situation that had not occurred since 2011. The decrease in Gross Value Added (GVA) (10.7%) was determinant to this evolution. It should be noted that, in 2022, the positive growth differential between the prices of Intermediate consumption products and Output prices will have persisted and even aggravated. On the one hand, agricultural activity faced exceptional difficulties in terms of weather (the hottest year since 1931), on the other hand, as a result of the international context of the war in Ukraine, there were sharp increases in prices (with emphasis on cereals, energy and other products used in agricultural activity).
Exports of agricultural products, in the period from January to October 2022, registered an increase of 30.5% over the same period, while total exports of goods increased 25.2%. In the same period, imports of agricultural products increased 32.2%, a less intense increase than that of total imports of goods, 35.7%.