October 27, 2020

EU27 agri-food trade sustains growth

Despite the economic crisis sparked by the COVID-19 and uncertainties related to Brexit, EU27 agri-food trade continued to grow in the first six months of 2020. Between January and June, the value of EU27 agri-food exports totalled €90.2 billion (a rise of almost 3% compared to the same period in 2019), while the value of imports increased to €62.7 billion (a rise of nearly 2.5%).

The EU enjoyed an agrifood trade surplus of €27.4 billion during this period, an increase of 3% compared to the corresponding months of 2019. Although the monthly values of EU27 exports picked up in June after a fall in May, the monthly value of EU imports have continued to further decrease following the downward trend since March this year. These are amongst the main findings contained in the monthly trade report for January-June 2020, published the 16th. of October by the European Commission.

More information

Monitoring EU agri-food trade: developments until June 2020