Головна News World markets EU agri-food trade reached 240 billion euros in 3 quarters of 2021

EU agri-food trade reached 240 billion euros in 3 quarters of 2021

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The latest figures on the EU agri-food trade show an increase of 6.1% reaching €239.5 billion worth of total exports and imports for the period from January to September 2021.

This is reported by ProAgro Group citing Agriland.

The overall agri-food trade surplus increased by 17% within one year, standing at €51 billion for the first nine months of 2021.

Total EU exports rose by 8% to €145.2 billion with primary destinations being the United Kingdom, United States, China, Switzerland and Japan, which together account for just over half of all exports (51%).

Products with the highest overall export value were wine, pigmeat, pasta, pastry, chocolate and confectionery, spirits and liqueurs, collectively accounting for over 27%.

The overall value of imported agri-foods into the EU reached €94.2 billion, slightly higher than in 2020 (+3.5%). Brazil, UK, U.S, Ukraine and China accounted for 36% of the total import value.

Primarily imported products making up 32% of import value were fruits, oilcakes (+€1.2 billion), soya beans (+€1.2 billion), palm and palm kernel oil (+€723 million).