The EU agri-food trade surplus continues to increase during January-February 2021

Published Jun 10, 2021

Tridge summary

In January and February 2021, the value of EU agri-food exports amounted to € 28.5 billion (a decrease of 6% compared to the same period in 2020), while the value of imports fell by 12.5 % until reaching 18,200 million euros. The agri-food trade surplus for the first two months of 2021 stood at 10.3 billion euros, an increase of 8% compared to the corresponding period in 2020.

Original content

These are some of the main results published today by the European Commission in the monthly trade report of January-February 2021. The withdrawal of the United Kingdom from the European Union had a significant impact on the EU's agri-food trade with the United Kingdom, with a decrease in the value of exports of 1.13 billion euros and a fall in imports of 1,380 million euros. Trade with the US also declined, with the value of exports falling by € 287 million and the value of imports by € 191 million. Further declines in export values were recorded relative to Russia (€ 169 million), Japan (€ 141 million) and Saudi Arabia (€ 90 million), while notable falls were recorded in import values in Indonesia (184 million euros less) and Ukraine (170 million euros less). Compared to January-February 2020, the value of EU agri-food exports to China increased by € 529 million, while higher export values were also recorded relative to Nigeria (€ 84 million more), Norway ( 75 million euros ...
Source: Castilla
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