19 May 2016
EU AGRI FOOD TRADE – 19 MAYBrussels Daily
Read latest EU Agri-Food Trade: Development until March 2016 in full here
Focus on: EU trade with Mercosur
The Mercosur block (Argentina, Brazil, Paraguay and Uruguay) is a key exporter of agri-food products at global level, including to the EU. The annual value of EU agri-food imports from Mercosur stands at around EUR 20 billion, representing almost one fifth of all agri-food products imported to the EU. In reverse, EU agri-food exports to Mercosur countries are worth about EUR 2 billion, leaving an impressive trade balance deficit of EUR 18 billion for agrifood products.
The EU is mainly importing commodities, i.e. oilcakes and soya beans for animal feed purposes from Mercosur. Other important import products are unroasted coffee, fruit juices as well as bovine meat and meat preparations, raw tobacco and all kind of fruit.
Over recent years EU agri-food exporters managed to slowly, but nevertheless, increase their sales to Mercosur countries (from EUR 1.6 billion in 2011 to EUR 2 billion in 2015).