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European Union: Good start to the year for agri-food exportsAccording to the latest monthly trade report published by the European Commission, the value of EU agri-food exports in January 2018 reached €10.6 billion, an increase of 4.5% in value terms compared with the same period one year ago.
With agri-food imports to the EU at €10.3 billion, the EU had a positive trade balance of €300 million in January 2018. EU imports increased most coming from Ukraine (increased by €122 million compared to January 2017), and to a lesser extent, from India (up by €64 million compared to the same time last year). In contrast, the imports from USA, Argentina and Indonesia lost the most in value (respectively down €191 million, €185 million and €124 million compared to January 2017).
Big increases in monthly export values (January 2018 compared to January 2017) were recorded for Japan, Brazil, Russia and Morocco, growing respectively by €56 million, €48 million, €43 million, and €41 million. However exports fell to Saudi Arabia, Algeria, China and United Arab Emirates, down respectively by €59 million, €51 million, €49 million and €39 million.
By sector, the highest export growth was achieved in infant food (up €81 million), sugar (an added €67 million), pasta (increased by €58 million) and pet food (up €57 million). Imports of cereals (other than wheat and rice) and tropical fruits increased (respectively by €121 million and €53 million). This month's report presents the trade balance and its development since February 2016 per product category.
For the complete report, click here.
Publication date: 6/11/2018
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