FDBusiness.com

For the 12-month period from August 2015 to July 2016, EU agri-food exports reached a value of more than Eur128 billion, corresponding to an increase of 0.7% in value terms compared to the same period one year ago. The monthly value of EU agri-food exports in July 2016 reached Eur10.5 billion, a moderate slowdown compared to the high performance in July 2015.

The most important reductions in export values (July 2016 compared to July 2015) were noted for Hong Kong, Russia and Algeria. On the other hand, exports to some Asian (India, China, Philippines, Vietnam) and North-East African (Sudan, Ethiopia, Libya) destinations increased compared to last year’s data for July. The highest increases in monthly export values were achieved for pork, with Eur1.1 billion corresponding to an increase of 29% compared to export values one year ago.

In July 2016, agri-food imports to the EU went down by Eur940 million, even more than exports, thus leading to a further increase in the monthly net trade surplus from Eur1.8 billion in July 2015 to Eur2.1 billion in July 2016.