EU AGRI-FOOD EXPORTS CONTINUE TO INCREASE

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EU AGRI-FOOD EXPORTS CONTINUE TO INCREASE
20 May 2016

EU AGRI-FOOD EXPORTS CONTINUE TO INCREASE

Brussels Daily, Economics

EU agri-food exports in March 2016 increased to €11.3 billion – about €1 billion higher than in February 2016, according to the latest EU Agri-Food Trade Monitoring Report.

The highest increases in monthly export values (March 2016 compared to March 2015) were recorded for China (+11.8%), while agri-food exports to Ukraine, Jordan and Cambodia also increased.

The value of exports to Russia recovered in March 2016 by 5.6%, compared to March 2015.

The highest increases in monthly export values were achieved for pork, followed by oilseeds (other than soya beans), some food preparations and wine.

Monthly export values in March 2016 went down in particular for wheat and other cereals, for hides and skins, milk powders and for spirits.

Decrease in EU agri-food import value

In March 2016 agri-food imports to the EU decreased to a value of €9.8 billion from €10.3 billion in March 2015. The highest decrease in monthly imports was from Brazil and the USA. The monthly trade balance for all EU agri-food products in March 2016 stood at €1.4 billion compared to €1.6 billion in March 2015.

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