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The European agri-food exports rose to €11.5 billion in August 2017, an 8% increase compared to July 2017. Highest increases of monthly exports were again towards Russia and the USA, with respectively an added €153 million and €108 million compared to 2016.
By sector, exports of wine and vermouth and milk powders have increased the most with respectively an extra €130 million and an added €123 million compared to last year.
Falls in wheat and pork exports (EUR million) were much smaller than recent months, at (-15 ) and (-13) respectively.
EU agri-food imports have also increased by 4% compared to the same time last year, resulting in a surplus of €2.4 billion in the agri-food trade balance.
This month's report focuses on agri-food trade with Russia. After an initial drop, both in banned products and non-banned products, EU exports of non-banned products to Russia resumed growth and reached € 6 299 million in the period September 2016 to August 2017, which represents an increase in value by 14% compared to the previous period. This brings back Russia now to be the 4th biggest export destination for EU agri-food products, just before Japan. Thanks to an improvement in the economic conditions prevailing in Russia , EU exports of beverages and processed agri - food products so far this year have been particularly notable (EUR million and %): wine (+60, +33%), spirits and liqueurs (+53, +43%), chocolate (+34, +26%) and food preparations (+40, +32%).
Tuesday 24 October, 2017/ DG Agriculture/ European Union.
http://europa.eu/rapid
