The EU's agri food trade surplus topped €20bn for the past year.
ADVERTISEMENT
The latest monthly data from the European Commission shows that EU agri food exports were worth €12.7bn in November 2017, almost €1bn higher than in November 2016. Alcoholic beverages and sugar drove growth, with pork, raw hides and fresh fruit exports falling in value.
The US, Russia, Turkey and China were the fastest-growing destinations, while Vietnam, South Africa and some northern African and Middle Eastern countries imported less European food.
These countries have performed similarly over the 12 months to November 2017. Milk powder and infant food also emerged as major EU export drivers over the past year, with Ireland a key player in these markets.
ADVERTISEMENT
Imports
Agri food imports into the EU also increased in November, but at a lower pace than exports. Brazil remains the main source of agricultural imports, with the US close behind.
The EU’s agri food trade surplus over the last 12 months is up 7.4% and has now broken the €20bn mark.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
The latest monthly data from the European Commission shows that EU agri food exports were worth €12.7bn in November 2017, almost €1bn higher than in November 2016. Alcoholic beverages and sugar drove growth, with pork, raw hides and fresh fruit exports falling in value.
The US, Russia, Turkey and China were the fastest-growing destinations, while Vietnam, South Africa and some northern African and Middle Eastern countries imported less European food.
These countries have performed similarly over the 12 months to November 2017. Milk powder and infant food also emerged as major EU export drivers over the past year, with Ireland a key player in these markets.
Imports
Agri food imports into the EU also increased in November, but at a lower pace than exports. Brazil remains the main source of agricultural imports, with the US close behind.
The EU’s agri food trade surplus over the last 12 months is up 7.4% and has now broken the €20bn mark.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS