MAP Agri-food trade 2024: Monitoring EU Agri-Food Trade 2023

EU agri-food trade balance reached a record level in 2023, with a total surplus of EUR 70.1 billion.
It is EUR 12.8 billion higher than in 2022. This surplus is mostly spread across product categories, with the key drivers being cereal preparations and milling products, dairy products and wine and wine-based products. Still, the EU has a trade deficit across a few product categories, the most significant being for oilseeds and protein crops, fruit and nuts and coffee, tea, cocoa and spices. The e…

EU agri-food trade balance reached a record level in 2023, with a total surplus of EUR 70.1 billion.
It is EUR 12.8 billion higher than in 2022. This surplus is mostly spread across product categories, with the key drivers being cereal preparations and milling products, dairy products and wine and wine-based products. Still, the EU has a trade deficit across a few product categories, the most significant being for oilseeds and protein crops, fruit and nuts and coffee, tea, cocoa and spices. The evolution of prices in 2023, with sustained high prices for processed products and reductions in prices of key crops imported contributed to this improvement of the EU trade balance.
EU exports remained at a high level in 2023, reaching EUR 228.6 billion, stable compared to 2022. The main increase was in direction of the UK, while they decreased predominantly towards the US and China.
After a record year in 2022, EU imports decreased by 7% (-EUR 12.8 billion), to reach a value of EUR 158.6 billion in 2023. Imports from Türkiye increased, while they decreased from Brazil and Argentina.