2017 another record year for EU agri-food exports

Agro Napló
The value of EU agri-food exports reached €137.9 billion in 2017, an increase of 5.1% compared to 2016, according to the latest monthly trade report from the European Commission.

In terms of markets, the US, Russia and several Asian markets remain the most dynamic for EU agri-food export growth. Sales to the US increased by 6% (or €1.22 billion), while Russian exports rose by 16% (up €0.9 billion). As for Asian markets, exports to Japan grew by 11% (an additional €0.6 billion), exports to China increased by 5% (or €0.6 billion), to Hong Kong by 10% (€0.4 billion) and to South Korea by 13% (up €0.3 billion).

The sectors of wine, pet food and spirits and liqueurs performed very well in terms of exports over the last 12 months, respectively increasing by 12% (up €1.24 billion), 17% (an additional €0.6 billion) and 5% (or €0.5 billion). However, wheat and other cereals and pig meat exports decreased respectively by 27.5% (down €1.5 billion), 13.5% (€0.3 billion less) and 2.8% (down €0.1 billion).

EU agri-food imports also increased but at a slower pace than exports. This is reflected in the trade balance for agri-food products remaining positive with an export surplus of €20.5 billion.

Source: COMEXT

Previous reports:

  • Previous monthly data on EU agri-food imports and exports.

Via ec.europa.eu

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