The EU’s agri-food trade balance reached a record level in 2023, according to a report published on Friday 5 April by the European Commission.
For 2023, EU exports reached €228.6 billion and imports €158.6 billion, representing a total surplus of €70.1 billion (+22% and +€12.8 billion compared to 2022).
This positive balance is mainly due to prices for EU export products remaining high, combined with a fall in world prices for imported products. The main drivers of EU exports...