The most recent agri-food commerce report printed by the European Fee confirmed that the EU agri-food commerce surplus elevated by 15% in September 2024, reaching €6 billion. This marks a major improve from the earlier month. The EU surplus reached €50.6 billion between January and September 2024, remaining steady in comparison with the identical interval in 2023.
Exports
EU exports reached €19.6 billion in September 2024, a rise of 5% on the earlier month and three% larger than in September 2023. Since January, cumulative EU exports reached €175.5 billion, 2% larger than on the identical interval in 2023. The worth of EU exports of olives and olive oil elevated considerably, by €2 billion (54%), attributable to elevated costs. Equally, EU exports of cocoa merchandise additionally elevated pushed by larger costs. In contrast, EU cereals exports had the most important discount in worth, with a lower of €1.7 billion in worth (‑15%), defined by a discount of world costs. Exported volumes stay excessive with 1.6 million tonnes of further wheat exported in contrast with September final yr.
Exports to China had the most important discount, with a lower of EUR 878 million (‑8%) in comparison with 2023. That is defined specifically by reductions in exports of pigmeat, cereals, and dairy merchandise.
Imports
EU imports remained steady month-on-month in September and reached €13.6 billion. Cumulative imports between January and September reached €124.9 billion, 4% larger in comparison with 2023. The worth of cocoa imports elevated considerably in comparison with 2023, as world costs stored growing. Imports of fruit and nuts additionally grew by €1.4 billion (+8%), primarily attributable to elevated costs. Conversely, imports of oilseeds and cereals decreased, primarily attributable to lowered costs. Imports from Côte d’Ivoire had the most important improve between January and September in comparison with 2023 (+EUR 1.7 billion, +57%), pushed by the rise of cocoa costs. Imports from Nigeria additionally elevated considerably, by 150% (+€761 million) for a similar cause.
December 19, 2024/ EC/ European Union.
https://agriculture.ec.europa.eu
