The European Fee’s 2024 agri-food report reveals that each exports and imports within the sector reached a document degree. Regardless of on-going international challenges, the report describes a number of constructive developments. The EU agrifood commerce steadiness is basically constructive at €63.6 billion.
Exports
12 months on yr, cumulative EU agri-food exports elevated by 3% (+€6.6 billion) to €235.4 billion. Whereas cereal preparations (€24.8 billion, 11%), dairy merchandise (€19.7 billion, 8%), and wine (€17.4 billion, 7%) head the record of merchandise within the sector, olives, and cocoa merchandise had the most important will increase in worth, due largely to cost surges.
The UK remained the primary vacation spot of EU agri-food exports in 2024, representing 23% of EU exports (€53.9 billion). Pigmeat was among the many primary classes of EU exports to the UK in 2024 representing 7% of the EU export worth. Exports to Russia and China declined.
China was the third primary vacation spot of EU exports in 2024 (6% of EU exports). Nonetheless, EU
exports to China registered the most important discount, with a lower of EUR 1.3 billion (-9%) in comparison with 2023. That is defined specifically by reductions in a few of the key classes of EU exports to China together with cereals (- EUR 596 million, -43%) and pigmeat (- EUR 303 million, -12%), This continued a pattern of reducing EU exports to China since 2020, specifically for pigmeat.
Imports
Imports in agri-food additionally reached a brand new document degree, rising by 8% (+€12.4 billion) to €171.8 billion. This was primarily pushed by a steep enhance within the worth of cocoa imports, in addition to espresso and fruits and nuts. On their facet, cereal exports went down on account of decrease costs and volumes. The UK, Ukraine and Brazil stay the most important sources of imported items. Côte d’Ivoire, Ukraine and Nigeria noticed probably the most important will increase in exports to the EU. Imports from Russia (-€865 million, -46%) and Australia (-€722 million, -28%) declined.
April 8, 2025/ European Fee/ European Union.
https://agriculture.ec.europa.eu
