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EU agrifood exports break records

EU agrifood exports break records

 

Despite impressive volumes of EU agrifood exports in the first half of 2019, the growth increased even further in September 2019 to a record +18% compared to the same month in 2018, reaching  €13.06 billion. Agrifood imports also increased to €9.32 billion – 6% above the level of September 2018. As a result, the monthly agrifood trade surplus increased to €3.7 billion – the biggest monthly EU agrifood trade surplus ever recorded. The highest increases in monthly export values (September 2019 compared to September 2018) were recorded for China (+€509 million, +55.4%), the US (+€305 million, +15.6%) and Japan (+€162 million, +30.6%), while exports decreased most to Hong Kong (-€37 million, -12.1%), Algeria (-€19 million, -9.6%) and Egypt (-€14 million, -9.9%).

The product with the greatest increase in import value was recorded for tropical fruit (+€128 million, +13%).The value of September 2019 EU agri-food imports compared to September 2018 increased most from Ukraine (+€108 million, +27%), South Africa (+€72 million, +25%) and Chile (+€48 million, +29%). The value of imports went down most from the US (-€106 million, -12%), the Russian Federation (-€17 million, 13%) and Ghana (-€15 million, – 11%).