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The latest monthly agri-food trade report, published today by the European Commission, confirms a high level of European agri-food exports positively increasing the trade balance to €2.2 billion.
The European agri-food exports rose to €11.3 billion in July 2017, a 7% increase compared to July 2016. The most significant growths are exports towards the USA and Russia (for the products not included in the Russian embargo), with respectively an added €194 million and €104 million compared to last year.
However, exports towards Saudi Arabia, Libya and the UAE have considerably decreased. Respectively, compared to last year, this fall corresponds to - €156 million, - €50 million and - €40 million.
By sector, export growth (EUR million) was achieved mainly in spirits and liqueurs (+169) and again in milk powders (+107) and infant food (+100). Wheat exports (EUR million) dropped for the 5th month in a row (-188), as did exports of other cereals (-104), while pork exports fell only slightly (-31).
EU agri-food imports have also increased value of 9%, in comparison to last year, allowing a positive agri-food trade balance of more than €2 billion.
Wednesday september 20, 2017/ EC/ European Union.
http://europa.eu/rapid
