European agri-food exports rose 6.2% in the first quarter
Published Jul 9, 2020
Tridge summary
Despite the challenges of the Covid-19 outbreak in the early months of 2020, EU agri-food trade remained strong. Specifically, the value of agri-food exports amounted to 46.8 billion euros between January and March, which represents an increase of 6.2% compared to the first quarter of 2019, while the value of imports increased to 31.8 billion. euros, 2.6% more.
Original content
Thus, the trade surplus amounted to 14.9 billion, which represents a growth of 15% compared to the previous year, according to the January-March 2020 monthly trade report, published by the European Commission. By product, additional demand for pork, offal, baby food and wheat fueled an increase in the value of EU exports to China, leading to an increase of 1.14 billion compared to January-March 2019. Furthermore, high exports of barley and wheat led to increases for both Saudi Arabia (up to 312 million) and Morocco (a growth of 240 million), while strong increases were also recorded for exports to the Russian Federation (up to 189 million) and the United States (187 million). According to the report, the first months of the Brexit transition period left a mark on EU exports to the UK, the value of which fell by 827 million. Falls were also recorded in Hong Kong (with a decrease of 158 million) and Lebanon (with a decrease of 93 million). For their part, rapeseed, rapeseed oil and ...
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