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EU: 12-month trade surplus in agri-food €18 billion

For the 12-month period from November 2015 to October 2016, EU agri-food exports reached a value of €129.9 billion, corresponding to an increase by 1.9% in value terms compared to the same period one year ago, according to the latest monthly report Monitoring EU Agri-Food Trade.

Considering that agri-food imports from third countries in the 12-month period November 2015 to October 2016 slightly decreased to reach €112 billion, the export surplus for the 12-month period thus increased to more than €18 billion.

The latest figures from October 2016 show that Japan has now overtaken Russia as the 4th most important export destination of EU agri-food products after the USA, China and Switzerland. The EU net-surplus in agri-food trade with Japan has been around €5 billion annually for the last years.