EU agri-food exports experienced an 11% decline

Published 2021년 5월 10일

Tridge summary

The European Union's agri-food exports experienced an 11% decline in January 2021, while imports fell by 16%. Despite the drop in exports, the trade balance showed a surplus, which increased by 3.6%. The decrease in exports to the UK, US, Russia, Japan, and Saudi Arabia was balanced by an increase in exports to China. The exports were mainly in pork, cereals, rapeseed oil, and sunflower oil. On the other hand, imports of tropical fruit, palm oil, palm kernel, spirits, and liqueurs also decreased.

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Original content

Agri-food exports from the European Union fell by 11%, but imports also fell to a greater extent (16%), so the trade balance remained in surplus, with a surplus that increased by 3.6%. The data are those of January 2021, disclosed by the usual report of the European Commission, and the comparison is with the same month of the previous year. Exports from the EU outside the Union have decreased, totaling a value of 13.5 billion euros; imports fell to a total of € 9.1 billion: the trade surplus for the month was € 4.4 billion Specifically, EU exports decreased to the United Kingdom, which is now out with Brexit (792 million euros), the United States (254 million euros), Russia (110 million euros), Japan (66 million euros) and Arabia. Saudi (62 million euros). On the other hand, exports to China increased (146 million euros): the most popular products are pork, cereals, rapeseed oil and sunflower oil. The values of exports to Chile (29 million euros), Pakistan (24 million euros) and ...

Source: Dissapore