The latest EU agri-food trade figures published show that trade continues to increase steadily, with exports increasing by 7% compared to the first eight months of 2020.
The total value of EU agri-food trade (exports plus imports) for January-August 2021 reached a value of €210.5 billion, reflecting a 5.1% increase on the same period last year. Exports rose by 7% to €127.5bn, while imports grew by 2.3% to €85bn, giving a total agri-food trade surplus of €44bn for the first eight months of the year. This is an increase of 17% compared to the corresponding period in 2020.
Positive figures were reported in exports to the United States, which grew by €2bn or 15%, largely driven by strong performances from wine, and spirit and liqueurs.
Exports to China rose by €812 million, while increases in values were also reported in exports to Switzerland (up €531m), South Korea (up €464m), Norway (up €393m) and Israel (up €288m). Exports to the United Kingdom during this period (€116 million) were nearly at the same value as they were last year. Exports to a number of countries declined compared the same period in 2020.
The largest decline was seen in exports to Saudi Arabia, which fell by €399m or 16%. Other notable decreases were reported in exports to Hong Kong (down €103 million) and Kuwait (down €101m).