EU agri-trade surplus €16bn... and growing

Runaway demand for pork in China boosts EU's agri-food exports.

EU agri-food exports for the year to June totalled just over €129 billion, 2.1% ahead compared to 2014-2015.

Annual agri-food imports rose by 3.5% to €113bn in 2015-2016.

The €16bn agri-food annual trade surplus could be on the rise, because export figures for June of €10.9bn were the highest on record for the month, lifting the monthly net trade surplus to €1.39bn, compared to €870m in June, 2015.

Figures for the opening half of 2016 are also promising, showing imports of agri-food into the EU falling €827m to €56.474bn, with total exports down €181m, to €63.486bn. There have been notable improvement in annual sales to the USA (up €2.2bn), China (up €1.8bn), and to Saudi Arabia (up €0.6bn).

The sectors which have shown the greatest annual gains are pigmeat (up €986m), wine (up €511m) and live animals (up €502m), but there were notable decreased exports of raw hides and skins (down €1.1bn), wheat (down €1bn), and milk powders (down €695m).

Tropical fruit, nuts and spices showed the greatest rise in imports into the EU (up €1.3bn).

There were increases for cocoa beans (up €682m) and oilseeds other than soya beans (up €624m).


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