Europe's agri-food trade shows solid growth in first half of 2021

Published 2021년 11월 1일

Tridge summary

The article reports on the first seven months of the year showing an 6% increase in agricultural exports, reaching €111.4 billion, with a 0.2% decrease in imports to €72.4 billion, resulting in an agri-food trade surplus of €39 billion, up by 18% from the previous year. The largest growth in exports was witnessed in the United States and China, while the UK experienced a 2% decline. Brazil saw the biggest increase in imports, followed by significant rises in imports from Australia and India, whereas the UK witnessed a 29% decrease in imports. The period saw a 30% increase in export values of wine and a 32% increase in spirits and liqueurs, while there was a notable decrease in imports of tropical fruit, nuts, spices, unroasted coffee and tea.

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Original content

Exports were almost 6% higher at €111.4 billion, with imports dropping marginally by 0.2% to €72.4 billion. This reflects an overall agri-food trade surplus of €39 billion for the first seven months of the year, an increase of 18% compared to the same period in 2020. The largest increase in exports was seen in those to the United States, the value of which grew by €1.6 billion, or 13%. This was primarily driven by wine, spirits and liqueurs, and chocolate and confectionary. There was also substantial growth in exports to China (€857 million higher), due to strong performances from spirits and liqueurs, coarse grains and wine. Additionally, the January-July period saw the value of exports increase significantly to Switzerland (up €450 million), Norway (up €352 million), South Korea (up €328 million) and Israel (up €257 million). Continuing the trend observed throughout 2021, the biggest decline in agri-food exports was seen in those to the UK, down by €411 million. While this ...

Source: Thepigsite