News Pricer.lt

What does trade with the world? Records in exports totheU.S.

Czym handlujemy ze światem? Rekordy w eksporcie do USA

Agricultural and food trade EU reached in October 2024 year. record performance – exports increased by 10% month to month, reaching 21.7 billion euros, a import by 19%, hitting 16.2 billion euros. In exports the largest increases were recorded by products such as olive from olive, sugar and cacao, while cereals recorded the largest declines.

The latest data shows, that the EU is reinforcing its position as leader in the global agricultural food trade, but the changing economic and geopolitical situation will require further monitoring.

In October 2024 year the agricultural-food trade of the European Union has reached a record level, which results from the latest data published in January 2025 year by the European Commission.

Exports reached a value of 21.7 billion euros, and imports amounted to 16.2 billion euros. In the month to the month exports increased by 10%, a import by 19%. From cumulative data from January to October 2024 year indicate a 3-.percent increase of exports and 6-percent increase imports in compared with analogous period in 2023 year.

Main export directions EU. Our food flows to Great Britain, US and China

Agricultural and food EU exports in October 2024 year reached a record level of 21,7 billion euro, which means an increase by 10% in comparison with September 2024 year and by 8% in relative to October 2023 year. The such good performance was influenced by increased volumes of exports and continued high prices from 2022 year. The value of accumulated exports from January to October was 197.3 billion euros, meaning 3% more than in the analogous period 2023 year.

The largest export markets remain the United Kingdom (44.9 billion euros) and the United States (25.1 billion euros). From the exports to China declined by 937 million euro (-8%), mainly because of restricted supplies of beans, pork and dairy products.

Among products exported the largest increase in value was recorded:

  • coffee, tea, cocoa and spices – increase of 2.1 billion euro (+31%), driven by increasing prices of cocoa products and higher volumes;
  • olives and olive from olives – increased by 2 billion euro (+49%) thanks to remaining high prices;
  • sugar – value of exports over two times (+120%).

At the same time cereals recorded the largest decrease in export value (-2.1 billion euros, -17%), which was mainly due to theWith reduced prices.

The largest supplier of agricultural and food products to EU is Brazil

Import agricultural and food EU in October 2024 year also reached a record level 16,2 billion euro, which means an increase by 19% in comparison with September and by 21% in relation to October 2023 year. In the period from January to October 2024 year the value of accumulated imports was 141,1 billion euro, which is an increase of 6% in comparison with analog period 2023 year.

The largest supplier of agricultural and food products to the EU remains Brazil, with imports of value 14,4 billion euros, despite a decrease of 3% due to lower prices of oil seeds and volumes of cereals. Imports from Coast Ivory increased by 2 billion euro (+60%), mainly due to rising prices of cocoa. Of the best declines were recorded in Australia and Russia.

In category products the largest increases in import value were recorded in the case:

  • coffee, tea, cocoa and spices – increased by 7.1 billion euro (+41%), driven by rising prices of cocoa and

    coffee.

Declines have affected natally:

  • cereals – the value of imports declined by 1.8 billion euro (-18%);
  • seeds ole crops – declined by 1.7 billion euro (-9%). These reductions resulted mainly

    from lower prices, despite increased

    volumes of olefood seeds.

15 largest product categories;Exports EU European Union

Exports Food EU - 15 LARGEST

CATEGORIES of EXPORT PRODUCTS (millions EUR), source: KE EXPORTS Farm FoodEU-15BIGGESTCATEGORIESofEXPORTSProducts(millionsEUR),source:KE

15 largest exportingEUEuropean Union

FoodFarm and FoodEU-15MajorEXPORTcountries(millionsEUR),source:KE

News source

Dalintis:
0 0 balsai
Straipsnio vertinimas
guest
0 Komentarai
Seniausi
Naujausi Daugiausiai įvertinti
Inline Feedbacks
Rodyti visus komentarus

Taip pat skaitykite: