Agri-food trade, an 8% jump in the EU's assets

Published Jun 9, 2021

Tridge summary

The slowdown in globalization continues: the Commission's report on the first two months of 2021 highlights the decline in agri-food exports from the old continent (-6%), but imports fall much more (-12.5%), generating a record surplus of 10.3 billion euros. The primary sector is confirmed as one of the main engines of the European economy.

Original content

The two plates of the trade balance In the first two months of 2021, the value of EU agri-food exports totaled € 28.5 billion (with a decrease of 6% compared to the same period of 2020), while the value of imports decreased by 12.5% reaching 18.2 billion euros. Active record The agri-food trade surplus thus stood at 10.3 billion euros, with an 8% jump compared to the corresponding period of 2020. These are the main results published yesterday by the European Commission in the monthly trade report for January-February 2021. The weight of Brexit Brexit had a significant impact on EU agri-food trade with the UK, with exports falling by € 1.13 billion and imports falling by € 1.38 billion. Trade with the USA is also down, with the value of exports down by 287 million euros and that of imports down by 191 million euros (but for Italy, the news on the star market continues to be positive. ). Eastward shipments are slowing Further decreases in export values were recorded in Russia (-169 ...
Source: Terraevita
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