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EU agri-food trade continues to increase

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EU agri-food trade continues to increase

Photo © Tadija Savic - Fotolia

(BRUSSELS) - EU agri-food exports in February 2016 were worth EUR 10.2 billion, well above export values in January, and even slightly above exports in February last year, according to the EU's latest monthly statistical report.

Highest increases in monthly export values in February 2016 were seen  for the USA (+15%) and China(+13.5%).

Over the past 12 months, imports increased by 8.4% compared to the same period one year ago, the export surplus standing at about EUR 16 billion.

This month's report focuses on EU trade with China, which is the second most important destination and the fourth most important origin for EU agri-food imports.

In 2015, exports to China increased in all major product groups with the most significant hike in commodities (+71%; from €1 billion to €1.7 billion).

For example, pork exports to China more than doubled (from €432 million to €934 million) in 2015 which demonstrates the importance of pig meat in EU exports to China.

Monitoring EU Agri-Food Trade: Development until February 2016


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