Agriculture
EU agri-food trade slowed down in November 2024, following peak in October
The latest agri-food trade report published today by the European Commission shows that in November 2024, EU agri-food exports reached €20.1 billion, remaining stable compared to the same month in 2023. Cumulative exports between January and November 2024 rose by 3% to €217.2bn. The overall EU agri-food trade slowed down in November 2024 compared to the previous month.
EU agri-food exports in November 2024 reached €20.1bn, down 7% from October's peak performance, but consistent with November 2023 levels. Cumulative exports for the year reached €217.2bn, marking a +3% growth compared to 2023. Coffee, tea, cocoa, and spices exports saw the largest increase in value, led by cocoa paste, butter and powder.
EU agri-food imports remained strong in November 2024, reaching €15.5bn, which is 5% lower than October but still 18% higher year-on-year. Cumulative imports for the year increased by 7%, driven by high prices and growing import volumes. Imports of coffee, tea, cocoa, and spices increased overall by €8.4bn (+44%) from January to November 2024.
More insights as well as detailed tables are available in the latest edition of the monthly EU agri-food trade report.
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