EU ag exports increase in value
EU agri-food exports to third world countries increased in value by more than 6 per cent compared to…EU agri-food exports to third world countries increased in value by more than 6 per cent compared to the preceding 12-month period, according to annual data. Overall agri-food imports also increased by 8 per cent over the year compared to one year ago.
On a monthly basis, imports went down in August 2015 compared to July 2015 by 7 per cent.
Over the 12 month period assessed, major gains in export values were achieved in the US (+18 per cent), Turkey (+27 per cent) and China (+37 per cent), replacing Russia as the second largest export destination, as well as in other key Asian markets such as Hong Kong and South Korea.
The latest trade balance for EU all agri-food products in August 2015 showed a surplus in exports by more than €1 billion, in spite of a significant decrease in value of agri-food exports and imports the same month, following record sales in July.
Looking at individual products categories, milk powders, cheese, fruit and vegetables lost in export values over the 12 months period, all of them products suffering from the Russian embargo.