EU agri-food exports maintain strong performance
03.07.2017
EU agri-food exports were €10.6 billion in April 2017, a level equal to the average of the last four years.
Monday 26 June 2017(7 days ago)
The latest figures show that the highest increases in monthly export values (April 2016 compared to April 2017) were recorded for Turkey (+ €87 million) and Korea (+ €86 million). Other gains in EU agri-food exports came mainly from Asia (Philippines, Singapore and Indonesia). Monthly exports to China, the USA, Egypt and Algeria decreased.
On a rolling annual basis (May 2016 to April 2017), EU agri-food exports rose 3.4% to €133.2 billion compared to the same period a year earlier.
Similar to last month milk powders saw the highest export growth, followed by cigars and cigarettes, infant food and wine. Wheat exports (EUR −154 million) further reduced in value terms. Also pork and other cereals lost export value compared to April 2016.
Despite a reduction in pig meat exports in April 2017 export performance increased significantly over the last twelve months (EUR +1.1 billion; +25%). Other product categories that perform well include infant food (EUR +570 million; +9%) wine (EUR +606 million; +6%), meat offal (EUR +511 million; 21%) and olive oil (EUR +331 million; +14%).
Other cereals exports experience the biggest drop on an annual base (EUR −926 million; −34%), closely followed by wheat exports (EUR −677 million; −12%). Raw hides and skins (EUR −542 million; −25%) and eggs and honey (EUR −134 million; −17%) also lost in export values over the last 12 months.
Agri-food imports from third countries in the 12-months period May 2016 to April 2017 accounted for over EUR 114 billion, i.e. an increase by 1% compared to the same period one year ago. Nevertheless, driven by the strong export performance, the export surplus for the 12-months period amounts to EUR 18.6 billion (+20%).
Main origins for EU agri-food imports over the past 12 months were Brazil, USA, Argentina and China, followed by Switzerland, Indonesia, Turkey and Ukraine.
Pig333.com
