Farm Ireland

Thursday 17 January 2019

Infant food leads EU agri-food exports increase of 4.5%

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FarmIreland Team

FarmIreland Team

The value of EU agri-food exports in January 2018 reached €10.6 billion, an increase of 4.5pc in value terms compared with the same period one year ago, according to the latest monthly trade report published by the European Commission.

With agri-food imports to the EU at €10.3 billion, the EU had a positive trade balance of €300m in January 2018.

EU imports increased most coming from Ukraine (increased by €122m compared to January 2017), and to a lesser extent, from India (up by €64m compared to the same time last year).

In contrast, the imports from USA, Argentina and Indonesia lost the most value (respectively down €191m, €185m and €124m compared to January 2017).

Highest increases in monthly export values (January 2018 compared to January 2017) were recorded for Japan, Brazil, Russia and Morocco, increasing respectively by €56m, €48m, €43m, and €41m.

However exports fell to Saudi Arabia, Algeria, China and United Arab Emirates, down respectively by €59m, €51m, €49m and €39m.

By sector, the highest export growth was achieved in infant food (up €81m), sugar (an added €67m), pasta (increased by €58m) and pet food (up €57m). 

Imports of cereals (other than wheat and rice) and tropical fruits increased (respectively by €121m and €53m).

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