EU agri-food exports recover by 1.7% until April

Published Jul 26, 2021

Tridge summary

The European Union's agri-food exports experienced a slight increase of 1.7% in the first four months of 2021, reaching a value of 63,000 million euros, while imports decreased by 5.1% to 40,300 million euros. This resulted in an agri-food trade surplus of 22,700 million euros, up by 17% compared to the same period in 2020. The most significant increases in exports were seen to China and the United States, while imports experienced a notable decrease from the UK and the US, but increased from countries like India, Brazil, Serbia, Australia, and Argentina. The product categories with the largest decreases in import values were tropical fruits, nuts, spices, and palm and palm kernel oil, while there was a significant increase in imports of oilseed cakes and soybeans.

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

Original content

The value of EU agri-food exports between January and April 2021 increased by 1.7% compared to the same period in 2020, reaching 63,000 million euros, while imports stood at 40,300 million euros, 5, 1% less than in the first four months of 2020, according to the monthly trade report published by the European Commission. Thus, the value of the resulting agri-food trade surplus stood at 22,700 million euros, an increase of 17% compared to the same period in 2020. Specifically, during the period from January to April 2021, the agri-food trade of the EU (exports plus imports) reached a value of 103,400 million euros; that is, 1.1% less than in January-April 2020. Compared to April, the value of EU exports was 7.7% lower than in March 2021, but also 9.8% higher than in April 2020. EU imports in value they were also 2.5% lower in April 2021 compared to March 2021, but 3.7% higher than the value observed in April 2020. Year after year, for the period January-April 2021, the values of ...

Source: Financialfood