Brexit is making its mark on the trade in agricultural products between UK and EU
United Kingdom
Published Jun 16, 2021
Tridge summary
According to a Commission report published on 7 June, the sharp decline in trade with the United Kingdom was the main reason for the significant decline in EU exports and imports of agri-food products in January-February 2021 compared to a year earlier.
Original content
In January and February 2021, the total value of EU agricultural and food exports was € 28.5 billion (down 6% from the same period in 2020), while imports fell by 12.5% to € 18.2 billion. on the side of the National Chamber of Agriculture. 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. 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 (-13%), Japan (-12%), as well as Saudi Arabia (-12%) and Egypt (-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 (+ 48%) was next in line due to the expansion of wheat exports. Norway (+ 10%), ...
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