EU exports of agri-food products reached €138bn in 2017, representing an annual increase of 5.1%. With imports at a value of €117bn, the EU has a net trade surplus of €21bn in its agri-food trade, according to the 2017 annual agri-food trade report published on Thursday.
The entire output of the EU's agricultural sector was estimated at €427bn in 2017. The share of exports in production value chain is continuously increasing and as such, exports are a driver for jobs and growth for the European agri-food sector.
Commenting on the annual trend, Commissioner for Agriculture and Rural Development Phil Hogan said: "Success of agricultural trade is clearly linked to reforms of the CAP that allow EU producers to be competitive on international markets.”
Commissioner Hogan continued to say that this was also “thanks to the worldwide reputation of EU products as being safe, sustainably produced, nutritious and of high quality".
Future trade
In September 2017, the Comprehensive Economic and Trade Agreement (CETA) with Canada was provisionally applied. The EU and Japan have reached an agreement, currently in the process of ratification, on an Economic Partnership Agreement in December 2017 with many benefits for the European agri-food sector. An agreement in principle with Mexico on the modernisation of the current trade agreement was also reached in April 2018.
Exports
The EU exports a wide range of products from all parts of the value chain, from commodities and other primary products, processed agricultural products (such as cheese and wine) to highly processed food industry products, which demonstrates the versatility of the sector.
The EU's flagship products leading exports are wine and spirits, infant food, food preparations, chocolate and pigmeat.
EU exports to all our current five main partners increased: to the United States, China, Switzerland, Russia and Japan. The Commission has also made recent progress on multiple bilateral trade negotiations, thus further opening new markets for EU agri-food products.
Imports
Regarding imports, the EU has been able to diversify its sourcing over the last years with the share of the two main origin countries (Brazil and the US) decreasing in favour of other suppliers.
The EU is in essence sourcing three main types of products from non-EU countries:
Products that are not (or only to a small extent) produced in the EU itself due to natural conditions (such as tropical fruits, coffee, etc).Products that are mostly used for animal feed.Products that are used as ingredient in further processing. Read More
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EU exports of agri-food products reached €138bn in 2017, representing an annual increase of 5.1%. With imports at a value of €117bn, the EU has a net trade surplus of €21bn in its agri-food trade, according to the 2017 annual agri-food trade report published on Thursday.
The entire output of the EU's agricultural sector was estimated at €427bn in 2017. The share of exports in production value chain is continuously increasing and as such, exports are a driver for jobs and growth for the European agri-food sector.
Commenting on the annual trend, Commissioner for Agriculture and Rural Development Phil Hogan said: "Success of agricultural trade is clearly linked to reforms of the CAP that allow EU producers to be competitive on international markets.”
Commissioner Hogan continued to say that this was also “thanks to the worldwide reputation of EU products as being safe, sustainably produced, nutritious and of high quality".
Future trade
In September 2017, the Comprehensive Economic and Trade Agreement (CETA) with Canada was provisionally applied. The EU and Japan have reached an agreement, currently in the process of ratification, on an Economic Partnership Agreement in December 2017 with many benefits for the European agri-food sector. An agreement in principle with Mexico on the modernisation of the current trade agreement was also reached in April 2018.
Exports
The EU exports a wide range of products from all parts of the value chain, from commodities and other primary products, processed agricultural products (such as cheese and wine) to highly processed food industry products, which demonstrates the versatility of the sector.
The EU's flagship products leading exports are wine and spirits, infant food, food preparations, chocolate and pigmeat.
EU exports to all our current five main partners increased: to the United States, China, Switzerland, Russia and Japan. The Commission has also made recent progress on multiple bilateral trade negotiations, thus further opening new markets for EU agri-food products.
Imports
Regarding imports, the EU has been able to diversify its sourcing over the last years with the share of the two main origin countries (Brazil and the US) decreasing in favour of other suppliers.
The EU is in essence sourcing three main types of products from non-EU countries:
Products that are not (or only to a small extent) produced in the EU itself due to natural conditions (such as tropical fruits, coffee, etc).Products that are mostly used for animal feed.Products that are used as ingredient in further processing. Read More
Weekly podcast: TB outbreak and strawberry farming
EU 2020 broadband targets will not be reached
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