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EU agri-food exports and imports reached record levels in October 2024

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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. Regarding exported products, coffee, tea, cocoa, and spices saw the largest growth between January and October, followed by exports of olives and olives and mixed food preparations.

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 d'Ivoire saw the biggest increase (+€2bn, +60%), mainly driven by rising cocoa prices, while Australia and Russia experienced the largest reductions. Imports of cereals decreased both in value and volumes while volumes of imported oilseeds and protein crops increased.

More insights as well as detailed tables are available below in the latest edition of the monthly EU agri-food trade report.

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