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8 MIDLAND FARMER<br />
<strong>September</strong> <strong>2023</strong><br />
EU agri-food exports worth €96bn<br />
in first five months of <strong>2023</strong><br />
After a slowdown in EU agri-food trade in<br />
April, the European Commission has said that<br />
both exports and imports “bounced back” in<br />
May.<br />
A higher increase in exports compared to<br />
imports allowed the EU agri-food surplus to<br />
increase by 2% month-on-month in May, reaching<br />
€5.1 billion.<br />
The latest monthly agri-food trade report<br />
published on Friday, August 25 shows that EU<br />
agri-food exports climbed by 8% month-onmonth<br />
in May, reaching €19.4 billion.<br />
That figure is the same amount as in the<br />
same month last year.<br />
AGRI-FOOD EXPORTS<br />
The data shows that EU agri-food exports<br />
from January to May <strong>2023</strong> totalled €95.7 billion<br />
overall, up 8% from the corresponding period<br />
in 2022.<br />
Exports increased in May across most product<br />
categories compared to the previous<br />
month.<br />
From January to May <strong>2023</strong>, the biggest<br />
increase in exports was recorded for fruit and<br />
vegetable preparations which rose by €974 million,<br />
up 25% compared to 2022.<br />
Confectionery and chocolate exports<br />
increased by 18% or €645 million on the first<br />
five months of last year, while grain preparations<br />
and milling products were up by €1.3 billion<br />
(+15%).<br />
The commission said that most of these<br />
increases in export value can be explained by<br />
higher prices, as opposed to larger volumes.<br />
However, the data shows that vegetable oils,<br />
oilseeds and protein crops, and cereals<br />
increased export volumes by 40%, 23%, and<br />
16%, respectively.<br />
The top three destinations for EU agri-food<br />
exports between January and May were the<br />
UK, the US and China.<br />
Exports to the UK and China increased compared<br />
to 2022, while they decreased in direction<br />
of the United States and Egypt.<br />
IMPORTS<br />
The EU Commission report shows that EU<br />
agri-food imports jumped 10% month-onmonth<br />
in May to €14.3 billion.<br />
This is 8% below the May 2022 level as unit<br />
values of agri-food imports have decreased<br />
over the year.<br />
Since the beginning of <strong>2023</strong>, total imports<br />
remained 3% higher than at the same period in<br />
2022.<br />
Cereal imports increased by €1.7 billion from<br />
January to May <strong>2023</strong>, with a 48% increase in<br />
volumes.<br />
Sugar imports nearly doubled and tobacco<br />
imports increased by 53%, the commission<br />
said.<br />
Imports of vegetable oils decreased both in<br />
value (-23%) and volume (-10%), similar to<br />
mixed food preparations (-11% in value and -<br />
14% in volume).<br />
Margarine and other oils and fats imports<br />
decreased in value by 16% mainly due to lower<br />
import prices.<br />
The top three origin countries for EU agrifood<br />
imports between January and May were<br />
Brazil, the UK and Ukraine.<br />
Imports from Ukraine had increased in comparison<br />
to 2022, while imports from Argentina<br />
and Russia had decreased.<br />
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