The business surplus reached €5 billion, which is 27% upper in comparison to January 2023. Agri-food exports reached €18.4 billion, representing a 2% building up in comparison to January 2023.
At the export facet, the highest 3 locations for EU agri-food exports in January 2024 remained the UK (UK), the US (US), and China. The United Kingdom remained the primary vacation spot of EU exports, representing 23% of exports with an 8% building up in price in comparison to January 2023. Exports to the US additionally grew by way of 9%. Vital will increase had been noticed in exports of olives and olive oil (+146%), blended meals arrangements (+10%), and sugar and isoglucose (+152% in volumes). Conversely, exports of vegetable oils (-43%) and dairy merchandise (-7%) diminished. Exports to China diminished by way of 11%, essentially because of lowered costs of positive merchandise like cereal arrangements and pig meat.
At the import facet, EU agri-food imports rose by way of 10% to €13.4 billion in comparison to December 2023 however remained 5% beneath January 2023 ranges. Brazil and Ukraine had been the highest import resources. Imports from Côte d’Ivoire surged by way of 83% basically because of will increase within the import of cocoa merchandise. Import expansion used to be noticed for olives and olive oil (+168%), whilst declines had been famous for cereals (-34%), oilseeds and protein plants (-14%), and vegetable oils (-25%).
Those business dynamics mirror ongoing marketplace shifts and evolving business relationships inside the EU agri-food sector.
25 April 2024/ DG for Agriculture and Rural Construction/ Ecu Union.
https://ec.europa.european/