EU agri-food trade continued to perform strongly

The latest monthly report on agri-food trade published today shows that EU agri-food trade continued to perform strongly during January to August 2020. EU27 exports reached a value of €119 billion (an increase of 1.2% compared to January-August 2019), while imports attained a value of €81.6 billion (an increase of 0.8%). As a result, the agri-food trade surplus stood at €37.4 billion, an increase of 2% compared to the corresponding period in 2019.

Looking at product categories, the increase in export values (January-August 2020 compared to January-August 2019, EUR million) was driven by continued exceptionally high exports of pig meat (+1975, +45% - principally to China); wheat (+1449, +41%) and coarse grains (+390, +27%) following increased availability and strengthened international demand from the neighbourhood countries, but also to Africa and China. The export values of EU pig meat experienced remarkable growth, rising by €1.98 billion

The value of EU agri-food exports to China grew by €2.77 billion, prompted by strong sales of EU pig meat, wheat, offal meat, infant food, and barley.

Dcember 11, 2020/ EC/ European Union.
https://ec.europa.eu