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 28 nov 2023 13:58 

EU agri-food trade remained stable in summer 2023


After the slowdown of July 2023, the EU agri-food trade balance reached 5.7 billion in August 2023. The cumulative trade balance (from January to August 2023) reached 44.3 billion, which is 7.5 billion higher compared to the same period in 2022.

slowdown of July 2023

In August 2023, EU agri-food exports remained stable at €18.2 billion in August 2023. Across products, export prices remained high in 2023. The top three destinations for EU agri-food exports between January and August 2023 remained the United Kingdom, the United States, and China.

EU imports increased by 5% in the month of August 2023 to reach €12.5 billion, still 15% below their level of August 2022. Nonetheless, cumulative imports from January to August 2023 reached €107.4 billion, showing a slight decline compared to the same period in 2022. The top three import countries between January and August 2023 were Brazil, the United Kingdom and Ukraine.

More insights as well as detailed tables are available online.

 


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