EU agri-food exports remain stable until November

Published 2021년 2월 26일

Tridge summary

The European Union's agri-food exports and imports value increased slightly in the first eleven months of 2020 compared to the previous year, with a trade surplus of 56.2 billion euros. China, Switzerland, Saudi Arabia, Algeria, and Morocco were the main growth destinations for EU exports, while the US, Singapore, and Japan saw a decrease. The Covid-19 pandemic affected the export values of EU spirits, liqueurs, and wine. Pork and wheat continued to be the best-performing product categories, with pork exports valued at 2,120 million euros and wheat at 1,590 million euros. Other growing product categories included pet food, rapeseed and sunflower oil, and pasta and cakes.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

From January to November 2020, the value of EU agri-food exports amounted to 168,500 million euros, representing a slight increase of 0.9% compared to the same period in 2019, while the value of imports increased to 112.3 billion euros, 0.4% more. During this period, the EU enjoyed an agri-food trade surplus of 56.2 billion euros, an increase of 2% compared to the corresponding months of 2019, according to the latest monthly report from the EC on agri-food trade published this Friday. China remained the main growth destination for EU agri-food exports, with demand for pork, wheat and infant foods contributing to a € 3.71 billion increase in the total value of exports. A wide range of products drove a € 600 million increase in the value of EU agri-food exports to Switzerland. Cereals and dairy products led a growth in the value of exports to the Middle East and North Africa region, especially in the cases of Saudi Arabia (an increase of € 577 million), Algeria (a jump of € 444 ...

Source: Financialfood