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In November 2024, EU agri-food exports reached €20.1 billion, remaining stable compared to the same month in 2023.
EU agri-food exports in November 2024 reached €20.1 billion, down 7% from October’s peak performance, but consistent with November 2023 levels. Cumulative exports for the year reached €217.2 billion, marking a +3% growth compared to 2023.
EU exports to China had the largest reduction, with a decrease of EUR 1.2 billion (-9%) compared to 2023. This is explained in particular by reductions in cereals (-EUR 433 million, -35%), pigmeat (-EUR 320 million, -14%) and dairy products (-EUR 186 million, -12%).
Coffee, tea, cocoa, and spices exports saw the largest increase in value (+€2.4 billion, +32%). Olive oil exports also rose by €2.1 billion (+45%). On the other hand, EU cereals exports had the largest reduction in value, with a decrease of €2.4 billion in value (-18%), mainly explained by a reduction in prices (-14%).
EU agri-food imports remained strong in November 2024, reaching €15.5 billion, 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.
Côte d’Ivoire recorded the largest increase in EU imports (+€2.3 billion, +61%), driven by rising cocoa prices. Ukraine saw the second largest increase (+€1.3 billion, +13%), driven by higher imports of vegetable oils (+€858 million) and oilseeds (+€684 million). Imports of coffee, tea, cocoa, and spices increased overall by €8.4 billion (+44%) from January to November 2024. On the other hand, cumulative imports of cereals had the largest reduction, with a decrease of €1.9 billion compared to 2023 (-17%), primarily explained by reduced prices (-14%), while imported volumes decreased by 3%.
February 24, 2025/ European Commission/ European Union.
https://agriculture.ec.europa.eu
