EU agri-food exports at highest level ever registered
- Credit: Archant
European Union (EU) agri-food exports reached a record high in October 2018, according to latest figures.
Monthly agri-food trade report statistics showed total exports were 2.9% above the previous highest level registered in March 2017 at 13.1bn euros.
The monthly agri-food trade surplus stood at 3bn euros – a 13% increase from October 2017, and the second biggest surplus on record. EU export values were fairly evenly distributed between sectors, with beverages and commodities showing the highest growth.
MORE – East Anglian pig sector ‘could be at risk in event of ‘no deal’ Brexit’Notable increases in exports were recorded for spirits and liqueurs (a gain of 167m euros), other cereals (up by 93m euros), wheat (a rise of 73m euros) and wine and vermouth (which grew by 70m euros). Import figures also increased by 5% compared to October 2017. Bilateral trade between the EU and the USA continued to expand, with imports from the USA growing by 245m euros.