September 2019 saw the EU record its largest ever monthly surplus in agri-food trade, coming to a total value of €3.7 billion. The surplus was recorded following a rise in both the monthly export and import values of agri-food products.
The EU agri-food exports rose to €13.06 billion in September 2019, an increase of 18% compared to the previous year, while the value of imports rose by 6% to €9.32 billion. These are amongst the principle findings of the monthly trade report for September 2019, published by the European Commission.
The highest increases in monthly export values were recorded for China (a rise of €509 million), the USA (an increase of €305 million), and Japan (up by €162 million). However, there were falls in the EU’s exports to Hong Kong (down by €37 million), Algeria (a reduction of €19 million) and Egypt (down €14 million).
There was an increase in the value of the EU’s agri-food imports from Ukraine (up by €108 million), South Africa (rising by €72 million), and Chile (a rise of €48 million). Conversely, there was a decline in the value of imports from the USA (down by €106 million), Russia (a decrease of €17 million), and Ghana (a fall of €15 million).
Source: ec.europa.eu
