The monthly values of EU agri-food trade in July 2018 remained firm at EUR 11.5 billion in exports and EUR 9.3 billion in imports. Thus export value was 2% higher than in July 2017. Monthly import value, on the other hand, was 0.6% lower compared to July 2017. This makes the monthly agri-food trade surplus increase to EUR 2.2 billion – a 15% increase over July 2017.
Sectors which showed the highest export growth (EUR million) were wine (+82), spirits (+48), wheat (+49) and other cereals (+47). Notable falls in exports were recorded for raw hides (-98), vegetables (-45), and milk powder (-43).
Significant increases were recorded in import values of soya beans (+57) and cocoa beans (+56), while imports of vegetable oils (-104) and palm oil (-98) imports decreased in value terms.
For the 12-months period of August 2017 to July 2018, EU agri-food exports reached a value of EUR 136.8 billion, corresponding to an increase of 0.9% in value terms compared to the same period one year ago.
In EUR million, wine (733; +6%), spirits and liqueurs (+516; +5%) and sugar (445; +60%) exports have been performing well over the last twelve months. Export performance on a yearly basis also increased for infant food (+298), pet food (+283), pasta, pastry, biscuits and bread (+256) and waters and soft drinks (+217).
On the other hand, wheat exports have experienced the most significant drop in value terms (EUR million) on an annual basis (-445; -10.5%). Other categories with notable losses in export values over the last 12 months were pork meat (-386; -7%), fruit (excluding citrus and tropical fruit) (-320; -13%) and raw hides, skins and furskins (-213; -12%).
Tuesday 25 september, 2018/ DG Agri/ EC/ European Union.