January 2021, EU-27 agri-food exchanges drop by two figures

Published 2021년 5월 11일

Tridge summary

In January 2021, the European Union-27 (EU-27) saw a decrease in agri-food trade by 13%, totaling 22.6 billion euros, with a positive trade balance of 4.4 billion euros. Exports to China and the UK were notable, with a 15% decrease in exports to the UK. The report also highlighted changes in product exports and imports, showing an increase in food for pets, rapeseed and sunflower oils, and a decrease in wine, baby food, and vegetable and fruit preparations, among others. The most exported products included wine, pork, pasta, baked goods, chocolate and confectionery, and baby food, accounting for over 26% of the total EU-27 agri-food exports.

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

Original content

In January 2021, the positive balance of EU-27 agri-food trade amounted to 4.4 billion euros, an increase of 3.6% compared to the same month of 2020. EU-27 agri-food exchanges slow down in January 2021. China is still the driving force for exports, while the black jersey goes to the United Kingdom. According to the report "Monitoring Eu Agrifood Agri-Food Trade: developments January 2021" (read monitoring-agri-food-trade_jan2021_en) released by the European Commission, compared to the same month of 2020, EU-27 trade is down by 13% , standing at 22.6 billion euros. Going into detail, exports fell by 11%, amounting to € 13.5 billion, which always place China at the top of the rankings. The EU-27 also imported 16% fewer agri-food products worth 9.1 billion euros. Compared to December 2020, exports in January 2021 also recorded a decline of 15%, while the value of imports decreased by 9%. In January 2021, the positive balance of EU-27 agri-food trade amounted to 4.4 billion euros, an ...

Source: Terraevita