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After a stable summer, the EU agri-food trade surplus reached €6.7 billion in September 2023. This is an 18% increase compared to both August 2023 and September 2022. The cumulative trade balance from January to September 2023 reached €51 billion, which is €8.5 billion higher compared to the same period in 2022.
In September 2023, EU exports reached €19 billion, a 5% increase compared to the previous month, but still 9% below their September 2022 level. Cumulative exports since January reached €170.7 billion, 2% higher compared than in the same period in 2022.
Compared to 2022, cereals exports decreased by € 1.9 billion (-15%, mainly driven by lower unit values) as well as pigmeat (- €986 million, -10%). Volumes exported increased by 29% for vegetable oils and 13% for oilseeds and protein crops.
The value of EU agri-food imports was €12.3 billion in September, a 2% reduction compared to the previous month and 19% below their level in September 2022. Cumulative imports from January to September 2023 reached €119.7 billion, a 5% reduction compared to the same period in 2022 (‑ €5.9 billion).
In term of imported products, reductions were observed in imports of oilseeds and protein crops (‑€2.7 billion, ‑14%) as well as vegetable oils, (‑€2.3 billion, ‑28%), due to reductions of both prices and volumes.
December 21, 2023/ European Commission/ European Union.
https://agriculture.ec.europa.eu
