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The monthly value of EU agri-food exports in November 2016 reached a new record level of €11.7 billion, which is € 813 million higher than in November 2015. Considering a slight decrease in agri-food imports from third countries, the EU now has a trade surplus in agri-food products at €19 billion over 12 months.
Major gains in values over the 12-months period from December 2015 to November 2016 were achieved in agri-food exports to the USA (€ + 1.5 billion; +8%) and China (€ +1.1 billion; +11%). The pig meat sector is also confirming its recovery after testing times last year. Indeed, the highest increase in export value over the last 12 months was recorded for pork.
Further boost in pigmeat exports in November 2016
Analysing the EU export performance per product category over the last twelve months, export values reflect in particular the recovery in pig meat exports (EUR +1.3 billion; +34% compared to export values in the 12-months period one year ago), meat offal, other meat and fat (EUR +0.5 billion; +21%), olive oil (EUR +483 million; +22%), and fresh vegetables (EUR +381 million; +14%). In relative terms, high increases in export values were also seen for oilseeds (+31%) and butter (+25%).
Similar to the development recorded for previous periods, raw hides and skins (EUR -1.2 billion; -41%), other cereals (EUR -947 million; -33%), milk powders (EUR -629 million; -15%) and wheat (EUR -397 million; -6%) lost most in export values over the last 12 months.
Wednesday January 18, 2017/ EC/ European Union.
