The EU is experiencing huge growth in exports of goods to the United States and China

Published 2021년 11월 1일

Tridge summary

The European Union's food trade value reached 183.8 billion euros from January to July, marking a 3.2% increase compared to the same period last year. This growth is largely due to a rise in exports to the United States and China, with the largest increases in wine, spirits, chocolate, confectionery, grain, and wine. However, exports to the UK saw a significant decrease of 411 million euros. There was also a decline in exports of wheat, baby food, butter, vegetables, powdered milk, and whey. The largest increase in imports was seen in soybeans, with notable increases in agricultural goods from Brazil, Australia, India, Serbia, and Argentina.

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

Original content

The total value of food trade in the EU (exports and imports) from January to July amounted to 183.8 billion euros, an increase of 3.2% over the same period last year. The largest increase was observed in exports to the United States, whose value increased by 1.6 billion euros, or 13%. This is mainly due to the export of wine, spirits and liqueurs, chocolate and confectionery, according to the latest monitoring report on EU food trade. There is also a significant increase in exports to China (by 857 million euros more), due to the strong performance of spirits and liqueurs, grain and wine. In the period January-July, the value of exports increased significantly to Switzerland (by EUR 450 million), Norway (by EUR 352 million), South Korea (increase by EUR 328 million) and Israel (increase by EUR 257 million). Continuing the trend of 2021, the largest decline in exports of agricultural food is for the United Kingdom, a decrease of 411 million euros. There is also a significant ...

Source: Agronovinite