EU agri-food exports and imports reached record levels in October 2024
The latest agri-food trade report published by the European Commission shows that in October 2024, EU agri-food trade reached record levels, with exports totalling €21.7 billion and imports at €16.2 billion. Exports increased by 10% and imports by 19% month-on-month. Cumulative data from January to October shows a 6% rise in imports and a 3% increase in exports.
For EU agri-food exports, the United Kingdom and United States remained the top destinations between January and October 2024, valued respectively at €44.9 billion and €25.1 billion. Exports to China declined by €937 million (-8%) due to reduced shipments of cereals, pigmeat, and dairy. Coffee, tea, cocoa, and spices saw the largest growth.
EU agri-food imports from Brazil remained the largest at €14.4 billion, despite a 3% decline due to lower oilseed prices and cereals volumes. Imports from Côte dIvoire saw the biggest increase (+€2 billion, +60%), mainly driven by rising cocoa prices.
More insights and detailed tables are available in the latest edition of the monthly EU agri-food trade report here.
(For more information: Maciej Berestecki – Tel.: +32 229 96302; Thérèse Lerebours – Tel.: +32 2 296 33 03)
The Commission signs contract for COVID-19 vaccines to ensure preparedness
The European Commission has signed a contract with Moderna on behalf of 17 participating countries for the supply of up to 146 million doses of mRNA COVID-19 vaccine. This ensures supply security and improves preparedness for health crises.
More information on the joint procurement and HERA is available online.
(For more information: Eva Hrnčířová – Tel.: +32 2 298 84 33; Anna Gray – Tel.: +32 2 298 08 73)