Increases in EU Infant Formula and Pig Meat Exports
The monthly value of EU agri-food exports in August 2016 reached €10.6 billion, exceeding the export values in August of previous years. Highest increases in monthly export values (August 2016 compared to August 2015) were recorded for the USA (€+221 million) and China (€+106 million). Also, agri-food exports to other Asian countries (Vietnam, Japan, South Korea) increased by €50 million or more each.
Exports of pork and infant formula did particularly well compared with August 2015 while exports went down for milk powder and raw hides and skins. Analysing the EU export performance over the last twelve months per product category, export values increased in particular for pig meat (€+1.2 billion; +31% compared to export values in the 12-months period one year ago).
Agri-food imports from third countries also increased in value over the last 12 months, most particularly for Ivory Coast (+21%), Argentina (+7%), Peru (+14%) and Australia (+12%).
