EU agri-food exports increase by 1.2% until August 2020.

Published 2020년 12월 14일

Tridge summary

The European Union's agri-food trade remained strong and surpassed the previous year's figures until August 2020, with a total export value of 119,000 million euros and an import value of 81.6 billion euros. The trade surplus stood at 37.4 billion euros, showing a 2% increase from the same period in 2019. Despite a decrease in wine and spirits exports, there was a notable growth in pork, wheat, and coarse grains exports. China, Saudi Arabia, Morocco, and Algeria were the top trading partners for EU agri-food exports, while imports from the UK and US experienced a decline. The value of Brazil's agri-food imports grew by 623 million euros, driven by an increase in soybean intake. However, there was a decrease in imports from Ukraine and India. Additionally, the export values of spirits and wine from the EU decreased by 1.3 billion euros and 1.27 billion euros, respectively.

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Original content

The EU agri-food trade has remained strong and constant until August 2020. Thus, exports from the Europe of 27 in this period reached a total value of 119,000 million euros, which represents an increase of 1.2% compared to the same period in 2019, while imports increased by 0.8% to reach 81.6 billion euros, according to the latest monthly report from the EC on agri-food trade published this Friday. As a result, the agri-food trade surplus stood at 37.4 billion euros, representing an increase of 2% compared to the corresponding period in 2019. Although exports of pork, wheat and coarse grains performed strongly during This period, exports of wine and spirits registered low figures. In terms of trading partners, China continued to grow as a major source of EU exports. Specifically, the value of EU agri-food exports to China increased by € 2.77 billion, driven by strong sales of EU pork, wheat, offal, baby food and barley. In Saudi Arabia, a € 537 million increase in the value of EU ...

Source: Financialfood