EU's agriculture sector fares well despite pandemic

Despite the emerging COVID-19 crisis during the opening months of 2020, the European Union's agri-food trade remained strong and stable.
calendar icon 10 July 2020
clock icon 7 minute read

The first months of the Brexit transition period left a mark on EU exports to the UK, the value of which fell by €827 million. Falls were also recorded for Hong Kong (down by €158 million) and Lebanon (down €93 million).

A growth of €366 million in the monthly import value of agri-food products from Canada was propelled by rapeseed, rapeseed oil and soya beans. There was also a growth in the value of products imported from Cote d’Ivoire (up by €238 million, largely driven by demand for cocoa beans) and Turkey (a rise of €177 million, led by fruits and citrus, vegetable preparations).

However, the value of imports from the UK fell by €460 million, while declines were also noted in the cases of Ukraine (down by €230 million) and the USA (a drop of €123 million).

Several EU agri-food products enjoyed a growth in their export values during this period, most notably in the cases of wheat (€979 million), pig meat (€901 million) and coarse grains (€354 million). The export value of wine, however, fell by €233 million, while falls were also recorded for raw hides and skins (down by €172 million), spirits and liqueurs (down €144 million), and beat and cane sugar (a decrease of €97 million).

The highest growth in monthly import values was for fresh and dried tropical fruit (a jump of €547 million), with notable increases for palm and palm kernel oil (up by €317 million) and oilseeds (other than soyabeans) (up €288 million). However, decreases were recorded for oil cakes (a declined of €319 million), coarse grains (down by €451 million), raw tobacco (a fall of €180 million) and wheat (a drop of €109 million).

The first months of the Brexit transition period left a mark on EU exports to the UK, the value of which fell by €827 million. Falls were also recorded for Hong Kong (down by €158 million) and Lebanon (down €93 million).

A growth of €366 million in the monthly import value of agri-food products from Canada was propelled by rapeseed, rapeseed oil and soya beans. There was also a growth in the value of products imported from Cote d’Ivoire (up by €238 million, largely driven by demand for cocoa beans) and Turkey (a rise of €177 million, led by fruits and citrus, vegetable preparations).

However, the value of imports from the UK fell by €460 million, while declines were also noted in the cases of Ukraine (down by €230 million) and the USA (a drop of €123 million).

Several EU agri-food products enjoyed a growth in their export values during this period, most notably in the cases of wheat (€979 million), pig meat (€901 million) and coarse grains (€354 million). The export value of wine, however, fell by €233 million, while falls were also recorded for raw hides and skins (down by €172 million), spirits and liqueurs (down €144 million), and beat and cane sugar (a decrease of €97 million).

The highest growth in monthly import values was for fresh and dried tropical fruit (a jump of €547 million), with notable increases for palm and palm kernel oil (up by €317 million) and oilseeds (other than soyabeans) (up €288 million). However, decreases were recorded for oil cakes (a declined of €319 million), coarse grains (down by €451 million), raw tobacco (a fall of €180 million) and wheat (a drop of €109 million).

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