News

EU agricultural foreign trade weaker than 2020 at the beginning of the year

Published Jun 26, 2021

Tridge summary

The EU Commission has presented detailed figures on the foreign trade of its member states in agricultural products. Exports - and more significantly imports - fell.

Original content

The EU-27's foreign trade in agricultural products and food developed more slowly at the beginning of this year than at the beginning of 2020. As reported by the European Commission, the exports concerned totaled € 28.46 billion in January and February 2021; that was 6.0% less than in the same period of the previous year. However, imports fell even more sharply, by 12.5% to € 18.17 billion. While EU agricultural exports rose again year-on-year in February, imports in terms of value in both January and February were below the corresponding level of 2020. On the export side, sales of wheat and baby food fell particularly sharply, namely by 17.2% to € 1.08 billion and 15% to € 1.22 billion. The exports of spirits and cheese fell by almost 11% to € 1.02 billion and € 884 million, respectively. In contrast, the export of edible oils rose sharply, by almost a quarter to € 588 million. In absolute terms, however, export earnings for pork increased the most with € 124 million or 7.7% to € ...
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