News

Strong and stable agri-food trade in the first months of 2020

Published Jul 12, 2020

Tridge summary

Despite the challenges brought about by the Covid-19 outbreak in the first months of 2020, the EU's agri-food trade remained strong. The value of EU agri-food exports totaled 46.8 billion euros between January and March, a 6.2% jump from the first quarter of 2019, while the value of imports rose to 31.8 billion euros, an increase 2.6%.

Original content

The trade surplus of 14.9 billion euros represented an increase of 15% in relation to the previous year, as established in the monthly trade report from January to March 2020, published today by the European Commission. Extra demand for pork, offal meat, baby food and wheat has led to an increase in the value of EU exports to China, leading to an increase of 1.14 billion euros compared to January to March 2019. High exports of barley and wheat led to increases for both Saudi Arabia Arabia (increase of 312 million euros) and Morocco (growth of 240 million euros), while strong increases were also registered in exports to the Russian Federation (increase of 189 million euros) and the USA (187 million euros). The first months of the Brexit transition period left a mark on EU exports to the United Kingdom, whose value fell by 827 million euros. Falls were also recorded in Hong Kong (158 million euros) and Lebanon (93 million euros). An increase of 366 million euros in the monthly ...
Source: AgroNegocios
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