News20 February 2018Brussels, BelgiumAgriculture and Rural Development
2017 another record year for EU agri-food exports
The value of EU agri-food exports reached €137.9 billion in 2017, an increase of 5.1% compared to 2016, according to the latest monthly trade report (611.9 KB - PDF) from the European Commission.
In terms of markets, the US, Russia and several Asian markets remain the most dynamic for EU agri-food export growth. Sales to the US increased by 6% (or €1.22 billion), while Russian exports rose by 16% (up €0.9 billion). As for Asian markets, exports to Japan grew by 11% (an additional €0.6 billion), exports to China increased by 5% (or €0.6 billion), to Hong Kong by 10% (€0.4 billion) and to South Korea by 13% (up €0.3 billion).
The sectors of wine, pet food and spirits and liqueurs performed very well in terms of exports over the last 12 months, respectively increasing by 12% (up €1.24 billion), 17% (an additional €0.6 billion) and 5% (or €0.5 billion). However, wheat and other cereals and pig meat exports decreased respectively by 27.5% (down €1.5 billion), 13.5% (€0.3 billion less) and 2.8% (down €0.1 billion).
EU agri-food imports also increased but at a slower pace than exports. This is reflected in the trade balance for agri-food products remaining positive with an export surplus of €20.5 billion.
EU28: Structure of Agri-food trade 2007-2017 with EXTRA-EU28
Monitoring EU agri-food trade: Development in 2017