With agri-food imports to the EU also increasing to €10.8 billion, the monthly trade value topped €22 billion, compared to €21 billion in January 2018. Trade surplus increased to €0.4 billion, compared to €0.3 billion a year ago.
On a year-on-year basis, the value of agri-food imports greatly increased from the USA (+14%). EU import values also went up for agri-food products coming from Russia, Ukraine, China, Tunisia and Pakistan. The main export destinations for EU products remain the USA followed by China, Switzerland, Japan and Russia.
Annual exports of wheat ( -398 ; -10%), milk powders (-386; -9%), raw hides and furskins (-368; -21%) and offal (- 362; -12%), however, have experienced the most significant drop in value terms. Other categories with notable losses in export values over the last 12 months were pork meat (-258; -5%) and fruit (excluding citrus and tropical) (-220, - 9%).
Thursday April 12, 2019/ EC/ European Union.