EU Agri-food Exports Remain Higher than Previous Years
The monthly value of EU agri-food exports increased by +1.2% (+ €131 million) compared with February last year, according to the latest figures. The monthly exports particularly increased for Russia (+86 million), China (+77 million), the USA (+58 million) and Korea (+55 million).
For the 12-months period covering March 2016 to February 2017, EU agri-food exports reached a value of €132.2 billion, corresponding to an increase by 2.2% in value terms compared to the same period one year ago. Exports of pig meat did particularly well over the last 12 months with a recovery of +33% compared to the same period one year ago.
Monthly values for EU agri-food imports also increased in February 2017 compared to the year before (+1.5%) which means that the trade balance remains stable compared to February last year at €19 billion. This month’s report focuses on EU agri-food trade with Serbia. The EU is a net-importer of agri-food products from this country. While the EU is more oriented towards exporting processed products, the imports from Serbia are mainly commodities and other primary products.
