News3 December 2018Brussels, BelgiumAgriculture and Rural Development
Slowdown in EU exports while imports from Brazil and the USA increased
EU agri-food exports values saw a modest decline when compared to September 2017, representing a 6% fall from the previous year. Despite this, the EU still maintains a monthly agri-food trade surplus of €2.2 billion. The value of imports also fell marginally, though imports from both Brazil and the USA rose considerably in contrast to this month last year. These are the main findings from the latest monthly trade report (652.1 KB - PDF) published by the European Commission.
The highest increases in monthly export values (September 2018 compared to September 2017) were recorded for Egypt (an increase €61 million), Algeria (up €34 million) and South Korea (a gain of €26 million). In contrast, exports to China dropped significantly (by €131 million). There were also drops in exports to both Hong Kong (down by €94 million) and Turkey which decreased by €91 million.
In terms of sectors, raw hides and fur skins exports have continued to experience a significant fall in value terms (€77 million). Wheat and other cereals have also experienced decreases, down €58 million and €60 million respectively. By contrast, there was an increase in exports for feed and feed ingredients and for preparations of vegetables, fruit and nuts.
Brazil has seen its imports rise by €166 million when compared to September 2017. Imports from the USA also performed strongly, increasing by €104 million. Despite this, there were significant decreases in exports from the Paraguay (down €56 million), Indonesia (minus €51 million) and Colombia (dropping by €50 million).
By sector, other cereals reversed last month’s decline and saw a significant rise in imports (up €224 million) and oilcakes continued to grow (a gain of €80 million), by comparison, imports of cane sugar, palm oil and unroasted coffee and tea all fell.
Source: EUROSTAT - COMEX
Monitoring EU agri-food trade: Development until September 2018