In January 2024, exports of agricultural products from the EU reached €18.4 billion (+2% compared to January 2023), mainly due to higher prices for olives, olive oil and cereal-based preparations, according to the latest monthly report published on Thursday 25 April by the European Commission.
Imports of agricultural products into Europe totalled €13.4 billion. As a result, the EU’s agri-food trade surplus reached €5 billion, an increase of 27% compared with January 2023.
The three main destinations for EU agri-food exports in January 2024 remained the United Kingdom, the United States and China. The UK accounted for 23% of export value and witnessed the largest increase in EU exports compared to January 2023 (+€304 million, +8%).
In January 2024, EU agri-food imports reached €13.4 billion, marking a 10% increase in value from the previous month, but still -5% below January 2023 due to reduced prices across product categories. (Original version in French by Lionel Changeur)