EU strong exporter of agri-food products
Published by the European Commission, the latest monthly trade report shows that the value of EU agri-food exports reached €12.7 billion in November 2017.
With EU agri-food imports at a value of €10 billion, the latest monthly trade balance is now at about €2.7 billion. For the 12-months period November 2016 to November 2017, EU agri-food exports increased by 5.6 % in value terms, compared to the same period one year ago. Major gains in annual values have been achieved in agri-food exports to the USA, Russia and several Asian markets: China, Japan, Korea and Hong Kong. Wine, milk powder and infant food have had good export performance over the last 12 months. EU agri-food imports increased the most for palm oil oilseeds and unroasted coffee and tea.