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Continued strong exports of EU pork and wheat helped to mitigate the trade challenges of Covid-19 and Brexit in the first five months of 2020. As a result of these challenges, the monthly values of EU27 exports and imports in May 2020 decreased by 7.5% and 4.5% respectively below the level of the previous month. However, between January and May 2020, the total value of EU27 agri-food exports rose by 2% compared to the same period in 2019, reaching €75.8 billion.
Tripled increase in EU27 export value of pig meat to China is reflected in the EU27 overall rise in exports of pig meat. Other products with high gains in export values to China include wheat (EUR +248 million from minimal level during the reference period) and offal meat (+37%).
Other top destinations, for which the value of EU27 agri-food exports have increased most since January 2020 (EUR million), were Saudi Arabia (+464, +33%), Morocco (+326, +39%) - in both cases driven by increased exports of wheat and barley; and Algeria (+313, +30% - wheat).
Since January 2020, EU27 pig meat exports to the United States have declined 33%.
Looking at product categories, the increase in export values (January-May 2020 compared to January-May 2019, EUR million) was driven in particular by continued strong export growth of wheat (+1487, +63%- thanks to competitive prices and strengthened international demand), pig meat (+1404, +51%- largely to China) and coarse grains (+465, +51%).
September 10, 2020/ European Commission/ European Union.
https://ec.europa.eu/
