Publication of the latest agri-food trade figures.
During the period from January to April 2021, EU agri-food trade (exports plus imports) reached a value of €103.4 billion; i.e. 1.1% less than in January-April 2020. While EU exports increased by 1.7% compared to the same period in 2020, reaching €63 billion, EU imports attained €40.3 billion, still 5.1% less than in the first four months of 2020. The monthly value for EU exports in April 2021 were 7.7% lower than March 2021, but also 9.8% higher than April 2020. EU imports in value also were 2.5% lower in April 2021 compared to March 2021, but 3.7% higher than the value observed in April 2020. On a year over year basis, for the period January-April 2021, EU agri-food export values fell most with respect to those towards the United Kingdom (minus €806 million, -6%), when compared with the same period in 2020.
The highest increases in the EU export values were recorded with respect to China (plus €912 million, +16%). This continued to be primarily driven by an increase in the EU exports value of pork meat. EU export values to the United States have also increased by 7.1% (plus €488 million) compared to the same period in 2020, mainly driven by wine and spirits. Looking at agri-food imports over January-April 2021 compared to the same period in 2020, a significant fall in the value of EU imports from the United Kingdom continues to be observed (minus €1.844 million, -37%).
A further decrease was also observed in the EU imports from the United States (minus €387 million, -10%). On the other hand, countries for which the EU import values increased the most over the first four months of 2021 include India, Brazil, Serbia, Australia and Argentina. The resulting agri-food trade surplus’ value stood at €22.7 billion, an increase of 17% compared to the period January-April 2020. This net trade balance continued to be driven by high exports of wine, spirits and liqueurs, pork meat, chocolate and confectionary, bulbs, roots and live plants. More information is available here.
