After January’s good start to the year, the EU agri-food trade further increased its surplus by 33% month-to-month in February to reach €5.4 billion. Exports reached €18.6 billion in value terms, which is 10% higher than February 2022. At the same time, EU imports stood at €13.3 billion, representing a decline for the third month in a row. These are the main findings of the latest monthly agri-food trade report published by the European Commission last week.
The top three destinations for EU agri-food exports—the United Kingdom, the United States, and China—remained the same as in January. As for imports, Ukraine was the top source of EU imports, followed by Brazil and the United Kingdom.