FDBusiness.com

EU Agri-food Exports Reach Record High in 2016

 Breaking News
  • Orkla Moves into New HQ Orkla, the Nordic region’s largest branded consumer goods company, has moved into new headquarters in Oslo, Norway. The move marks a new era in the company’s history, with Orkla’s businesses in Norway now assembled under one roof. More than 900 Orkla employees are based in the new office premises. “The building we are now moving into is [...]...
  • New Heads For Carlsberg Group’s European Businesses Lars Lehmann has been appointed as Executive Vice President (EVP) for Carlsberg Group’s Eastern European region and as a member of the global brewer’s Executive Committee (ExCom). He will replace Jacek Pastuszka, who will change from EVP Eastern Europe to Western Europe, while current Western Europe EVP Chris Warmoth reverts to Group Strategy as EVP. Effective [...]...
  • Rising Prices Drive Irish Grocery Sales Growth The latest figures from Kantar Worldpanel show the Irish grocery market grew by 3.5% in the 12 weeks to 24 February 2019, putting the sector on a solid footing as the UK finalises preparations to leave the EU. After a prolonged period of deflation, an upward trajectory in grocery prices is making a significant contribution [...]...
  • New EU Rules to Ensure Fairness in the Food Supply Chain The European Parliament has approved a new set of EU rules that will blacklist practices, such as late payments for delivered products, late unilateral cancellations or retroactive order changes, refusal by the buyer to sign a written contract with a supplier and the misuse of confidential information. Threats of retaliation against suppliers, for instance delisting [...]...
  • Mondelēz International Invests in Prebiotic Functional Snacks Mondelēz International has taken a minority investment in Uplift Food, a US-based early-stage start-up focusing on prebiotic functional foods. This is the first venture investment the company is making as part of SnackFutures, the company’s innovation and venture hub aimed at unlocking snacking growth opportunities around the world. A key pillar of the company’s consumer-centric growth [...]...

EU Agri-food Exports Reach Record High in 2016

EU Agri-food Exports Reach Record High in 2016
March 02
10:09 2017

The annual value of EU agri-food exports in 2016 reached a new record level with total exports reaching €130.7 billion, up €1.7 billion on 2015. The biggest increases in annual exports were to the USA (up €1.26 billion) and China (up €1.06 billion).

At the same time, the value of EU agri-food imports went down 1.5% to €112 billion. This leads to an increase of the EU agri-food trade surplus to €18.8 billion, up from €15.3 billion in 2015.

The agri-food sector accounted for 7.5% of total EU exports in goods in 2016; and 6.6% of all imported goods are agri-food products. With a surplus of €18.8 billion the agri-food sector is also a major contributor to the overall surplus of the European Union in merchandise trade, which stood at €39.3 billion in 2016.

Throughout last year, EU producers have successfully increased exports of non-commodity primary products (pigmeat, vegetables). Also export values for processed agricultural products (wine, olive oil) and food preparation increased by 4 to 5% in average, while export values for commodities (wheat and other cereals, milk powder) and non-edible products went down.

This month’s report focuses on agri-food trade with Canada. The EU is a net-exporter of agri-food products to Canada, with a surplus of about €1.25 billion in 2016. Main EU export products are value added processed products, food preparations and beverages, with wine, spirits and liqueurs, confectionery, beer as well as pastry and biscuits being the most important product categories.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements