Cheraw Chronicle

Complete News World

The European agri-food trade continues to grow

The total value of the EU’s agri-food trade during January-September 2021 was 239.5 billion. That amount is about exports and imports and increased by 6.1 per cent compared to the same period last year. Exports rose 8 percent to 145.2 billion euros, while imports rose 3.5 percent to 94.2 billion euros.

The European Commission reports on the basis of Eurostat statistics. This represents a general trade surplus of 51 51 billion in the agri-food sector in the first nine months of the year. This is an increase of 17 percent compared to the same period in 2020.

There was a huge increase in exports to the United States, which increased by 2.3 billion euros, or 15 percent. It is mainly powered by wine, spirits and spirits and chocolate and candies.

South Korea and China

Significant growth in exports to South Korea (more than 3 593 million), thanks to strong demand for alcohol, pork and cereals. Exports to Switzerland also increased by 570 million euros. Although total exports to China increased by 50 504 million, EU pork exports to the country fell by 13 per cent to 5 525 million compared to the same period last year.

The value of agricultural food exports to the United Kingdom is now higher than during the same period of 2020. In September 2021, those exports are lagging behind in 2020. In September, the decline in exports turned 0.5 percent into 166 million euros. Exports to Saudi Arabia (-EUR 447 million), Hong Kong (-EUR 141 million) and Kuwait (-EUR 115 million) have declined significantly.

See also  Merkel and Macron want clarification from the US and Denmark ...

Increase in imports from Brazil

The biggest increase in agricultural food imports was seen in Brazilian products. This is an increase of 1.4 billion euros or 16 percent compared to the same period in 2020. Imports were made from Indonesia (+601 million euros), Argentina (+545 million euros), Australia (+541 million euros) and India (+388 million euros). Increased.

There have been significant declines in imports from many countries, with the most significant being 2. 2.9 billion or a 27 per cent drop in value from imports from the UK. The main decline in imports from there was seen in tropical fruits, nuts and spices (-88 per cent). Imports from the United States (- EUR 570 million), Canada (- EUR 218 million), New Zealand (- EUR 111 million) and Moldova (- EUR 105 million) also declined.

Alcohol is popular

Export value of wine (+ 2.9 billion euros) and liquor and liquor (+ 1.3 billion euros) increased, particularly for specific product categories. This is 30 and 28 percent higher, respectively.

Other significant export value increases were in rapeseed and sunflower oil (+751 million euros) and chocolate and candy (+599 million euros). Exports of baby nutrition (75 757 million euros) and wheat (3390 million euros) also declined significantly.

Cake oil

Imports of cake oil (+ EUR 1.2 billion), soybeans (+ EUR 1.2 billion) and palm and palm kernel oil (+ EUR 723 million) were the biggest gainers. Meanwhile, the biggest decline in import values ​​was recorded in tropical fruits, nuts and spices (-EUR 545 million), and fruit juices (-EUR 199 million).