Covid-19 pandemic hasn’t stopped EU27 agrifood commerce at the beginning of the year

In the first four months of the year, the strong export performances of EU pig meat and wheat have given an important contribution to mitigate the commercial results otherwise severly hit by covid-19 pandemic and Brexit.

As confirmed by the European Commission, EU27 agrifood exports have reached the value of 61.9 billion euros in the period between January and April, thus registering a 4.8% increase in comparison to the same period of last year. Imports have reached the value of 42.4 billion euros, with a 2.3% increase. In the analyzed period, the European Union produced a commercial agrifood surplus of 19.5 billion euros, with a 10% increase in comparison to the first four months of 2019.

The majority of pig meat exports were destined for China, for a value of +1.65 billion euros in comparison to January-April 2019. Exports to Canada also registered a positive trend with a value increase of 426 billion euros. Positive trends were registered also for exports to Saudi Arabia and Morocco with an increase of respectively 366 and 308 million euros thanks to a rising demand for wheat and barley. Exports to Algeria also increased (+273 million euros) as well as exports to Japan (+203 million euros). Value reductions have been registered for EU exports to Hong Kong ( -153 million euros) and Singapore (-122 million euros). EU imports registered value reductions: -140 million euros for those coming from Ukraine, -207 million euros for those coming from the US and -121 million euros for those coming from India.