Brexit has led to a serious decline in EU foreign trade in agriculture
United Kingdom
Published Jun 15, 2021
Tridge summary
In January and February 2021, the total value of EU agricultural and food exports was € 28.5 billion (a 6% decrease over the same period in 2020), while the value of imports fell by 12.5% to € 18.2 billion. The UK's exit from the European Union had a significant impact on the EU's agricultural and food trade with the UK, with exports falling by € 1.13 billion and imports by € 1.38 billion.
Original content
Trade with the US also declined, with exports falling by € 287 million and imports falling by € 191 million. Further decreases in export values were recorded with Russia (-EUR 169 million, -13%), Japan (-EUR 141 million, -12%) and Saudi Arabia (-EUR 90 million, -12%) and Egypt (-EUR 89 million). , -25%). During the period, the largest increase in exports was recorded by China compared to the previous year (+ EUR 529 million, + 22%). This was mainly due to an increase in EU exports of pork (+ EUR 239 million) and cereals (+ EUR 124 million). Nigeria (+ EUR 84 million, + 48%) came in line due to the expansion of wheat exports. Norway (+ EUR 75 million, + 10%), Chile (+ EUR 57 million, + 52%), Pakistan (+37 million EUR, + 87%) and Ghana (+37 million EUR, + 47%). there was a worthy increase. The United Kingdom, the United States, China, Switzerland and Russia were the main destinations, accounting for almost 50% of EU agri-food exports. By product category, wheat (-223 million, -17%) ...
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