EU agri-food exports maintain a sustained rate until October

Published Jan 26, 2021

Tridge summary

The monthly report on agri-food trade for January-October 2020 shows a slight increase in both EU exports and imports, reaching 151.8 billion euros and 102,000 million euros respectively, leading to a surplus of 49.8 billion euros, up by 1.3%. The EU's agri-food trade with China and Saudi Arabia experienced significant growth, while trade with the UK and some other countries saw a decline. The Covid-19 pandemic had a mixed impact on the sector, with some product categories like fresh and dried tropical fruits, palm and palm kernel oil, and fatty acids and waxes seeing an increase in import value, whereas the wine, spirits and liquor sectors experienced a decrease in export value.

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

Original content

The latest monthly report on agri-food trade shows sustained growth between January and October 2020. Specifically, EU exports reached 151.8 billion euros, representing an increase of 0.5% compared to the same period last year, while imports totaled 102,000 million euros, 0.1% more. As a result, the agri-food trade surplus increased by 1.3%, to 49.8 billion euros. The good performance of agri-food exports from the EU to China continued, with a growth of 3,090 million euros, led by pork, wheat and baby food. There was also an increase in the value of EU agri-food exports to Saudi Arabia (worth € 629 million), driven by sales of barley and dairy products. A wide range of products drove an increase in the value of EU agri-food exports to Switzerland (up to € 531 million), while wheat and various dairy products performed strongly in Algeria and Morocco, where the values of the agri-food exports increased by € 408 million and € 393 million respectively. In terms of trade with the UK, ...

Source: Financialfood