EU agri-food trade continues to grow after a slow start in 2021

Published Sep 28, 2021

Tridge summary

The European Commission's latest report shows a 3% increase in the total value of EU agri-food trade for the first half of 2021 compared to the same period in 2020, reaching 157,100 million euros. This is despite a slow start to the year. The report highlights an increase in exports by nearly 6% to 95.3 billion euros, and a 1% decrease in imports to 61.8 billion euros, resulting in a surplus of 33.5 billion euros. This represents a 21% increase compared to the same period in the previous year. The monthly values of EU agri-food exports and imports in June 2021 were also 14% and 10% higher than in the same month of 2020, respectively. There was a notable increase in exports to the United States, China, Switzerland, Norway, Israel, and Canada, while imports from Brazil, India, Australia, Serbia, and Argentina also increased. However, exports to the UK and imports to the EU from the UK saw a decrease.

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 published by the European Commission shows that, despite a slow first quarter, the total value of the EU agri-food trade (exports plus imports) for the period January-June 2021 stood at 157,100 million euros, an increase of 3%. compared to the same period in 2020. Exports increased by almost 6% to € 95.3 billion, while imports fell 1% to € 61.8 billion, for a total agri-food trade surplus of € 33.5 billion for The first semester. This is a 21% increase compared to the corresponding period last year. Regarding the monthly evolution, the values of EU agri-food exports in June 2021 were 14% higher than in the same month of 2020, after having increased constantly since March 2021. The values of monthly imports of the EU in June 2021 were 10% higher compared to the same month of 2020, after following an upward trend since March 2021. For January-June 2021, the value of exports to the United Kingdom fell by 446 million euros, 2% less than in ...

Source: Castilla