The EU’s balance of trade in agri-food products reached €32.9 billion for the period January to June 2023, €6.5 billion more than between January and June 2022, according to the latest monthly report on the subject published on Tuesday 26 September by the European Commission.
EU agri-food trade rose by 30% month-on-month.
The report (https://aeur.eu/f/8qz ) shows that EU exports rose by 1% month-on-month to €19.6 billion in June 2023, a similar level to June 2022. Cumulative exports reached €115.3 billion (+7% compared to the same period in 2022), particularly grain-based preparations and fruit and nut-based preparations.
EU imports fell in June to €13 billion (-9% month-on-month). They were 10% below their June 2022 level. Cumulative imports for the first half of 2023 were 1% up on the same period in 2022.
The top three destinations for EU agri-food exports between January and June this year were the United Kingdom, the United States and China. The three main countries of origin of EU agri-food imports between January and June 2023 were Brazil and the United Kingdom, followed by Ukraine. (Original version in French by Lionel Changeur)