Handbrake on agricultural trade, but exports from China are growing

Published 2020년 7월 24일

Tridge summary

The article reports a 3.8% increase in European Union (EU) trade volume from January to April 2020 compared to the same period in 2019, totaling 104.3 billion euros. Agricultural exports, such as pork and wheat, saw a 4.8% increase to 61.9 billion euros, while imports grew by 2.3% to 42.4 billion euros. The rise in exports to China was attributed to African swine fever and the pandemic, with a 42% increase in pork exports. Other countries like Saudi Arabia, Morocco, and Nigeria also experienced increased exports of barley, wheat, and other products from the EU. However, exports to the UK fell by 6% despite maintaining the same market conditions.

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Original content

Trade in the January to April period is still 3.8 percent above the level of the same period in 2019, reaching a value of 104.3 billion euros. Agricultural exports during this period amounted to 61.9 billion euros, an increase of 4.8 percent compared to the same period in 2019. Exports of pork and wheat in particular grew strongly. Imports grew to 42.4 billion euros, an increase of 2.3 percent. African swine fever Exports to China increased by 42 percent in the first four months of the year compared to last year. This is mainly due to the consequences of African swine fever in China and the impact of the corona pandemic. Pork exports from Europe to China increased by 280 percent compared to last year. Other products exported more to China include offal (54 percent) and infant nutrition (23 percent). Saudi Arabia and Morocco Other destinations, for which the export value of 27 Member States has increased, are Saudi Arabia (32 percent) and Morocco (43 percent). In both cases this ...

Source: Nieuwe Oogst