In May 2018, monthly values of EU agri-food trade remained strong with €11.2 billion in exports and €10 billion in imports. For exports, this is 5.7% lower than in May last year, which was a record year. Monthly import value, on the other hand, was 8.4% lower compared to May 2017 resulting in a monthly agri-food trade surplus of €1.2 billion – a 23% increase over May 2017. These are the main findings from the latest monthly trade report (633.5 KB - PDF) published by the European Commission.
The highest increases in monthly export values in May 2018 compared to May 2017 were recorded for Morocco (up €36 million), Russia (increase of €25 million), South Africa (up €22 million) and Algeria (an added €20 million). Exports to China and USA fell most, respectively down €196 million and €180 million.
For sectors, high export growths were recorded for spirits and vegetable oils, respectively an increase of €48 million and €22 million compared to 2017. Falls in exports were noted for fatty acids and waxes (down €92 million), raw hides (a decrease of €88 million) and milk powder (€80 million lower).
As for EU agri-food imports, the value of May 2018 compared to May 2017 increased most for imports coming from Chile, Morocco, Tunisia and Egypt, respectively by €74 million, €67 million, €42 million and €39 million. As value of imports from Ukraine, Indonesia, Argentina and Australia decreased most, each by €135 million, €134 million, €101 million and €96 million.
Decreases in imports by sector were most significant in unroasted coffee (down €161 million), oilseeds and palm oil (decreased by €139 million), while only imports of tropical fruit increased notably by €183 million.
Previous monthly data on EU agri-food imports and exports.
18 July 2018