In January 2021, EU agri-food exports fall

Published 2021년 5월 7일

Tridge summary

In January 2021, EU agri-food exports saw an 11% decrease compared to the same period in 2020, totaling € 13.5 billion, while imports were 16% lower at 9.1 billion euros. This resulted in an agri-food trade surplus of € 4.4 billion, an increase of 3.6% compared to January 2020. Exports to the UK, USA, Russia, Japan, and Saudi Arabia fell, while China saw an increase. Agri-food imports from the UK also decreased, along with those from Argentina, the USA, and Indonesia, but increased from Malaysia, India, Brazil, and Nigeria. There were also shifts in the value of imports and exports of specific products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In January 2021, EU agri-food exports decreased by 11% compared to January 2020, reaching a total value of € 13.5 billion. Imports reached a value of 9.1 billion euros, 16% less than in January 2020, this decrease comes after a longer period of continuous increase in exports. This resulted in an agri-food trade surplus for January 2021 of € 4.4 billion, an increase of 3.6% compared to January 2020. These are some of the main findings outlined in the January 2021 monthly trade report, published today by the European Commission. . Exports from the EU to the UK decreased in value by € 792 million compared to January 2020. There were also declines in sales to the USA (a decrease of € 254 million), Russia (a drop of € 110 million euros), Japan (a reduction of 66 million euros) and Saudi Arabia (62 million euros less). On the other hand, the value of exports to China increased by 146 million euros, driven by growing demand for pork and coarse grains, as well as rapeseed and sunflower ...

Source: Castilla