The monthly value of EU agri-food exports in November 2016 reached a new record level of €11.7 billion, which is € 813 million higher than in November 2015.
Considering a slight decrease in agri-food imports from third countries, the EU now has a trade surplus in agri-food products at €19 billion over 12 months. Major gains in values over the 12-months period from December 2015 to November 2016 were achieved in agri-food exports to the USA (+ €1.5 billion; +8%) and China (+ €1.1 billion; +11%).
The pig meat sector is also confirming its recovery after testing times last year. Indeed, the highest increase in export value over the last 12 months was recorded for pork: +€1.3 billion which represents +34% compared to export values in the 12-months period one year ago.
This month's report focuses on EU agri-food trade with Ecuador at the occasion of the provisional entry into force of the Protocol of Accession of Ecuador to the EU Trade Agreement with Colombia and Peru in January 2017. The EU is the third largest trading partner for the Andean countries.