January 26, 2018
EU pork exports drop even if overall agri-food exports soar
The monthly value of EU agri-food exports in November 2017 increased impressively to €12.7 billion, up by almost €1 billion from November 2016.
According to the European Commission, pork exports, however, dropped by €47 million.
The EC said that during the 12-month period from December 2016 to November 2017, EU agri-food exports reached a record value of €138.4 billion, up 5.6 % in value terms, compared with the previous period.
Milk powder performed well during the 12-month period, increasing 26% or €936 million.
On the other hand, wheat and other cereals experienced the biggest drop in value terms on an annual basis (respectively -€1.7 billion, -29 %; and -€0.3 billion, -15 %).
Also, exports of pork decreased by around €90 million over the last 12 months.
Regarding the trade balance and its development by product category, the largest gains in net exports were achieved in milk powders along with wine, while the net exports reduced most for wheat over the last 12 months. Rick Alberto
