The United Kingdom is the largest export market for agricultural products from the European Union, accounting for close to a quarter (23%) of exports, new data from Eurostat has found.
This equates to €54 billion in agricultural exports last year, according to the data.
Other key markets for EU agricultural exports include the United States, which accounts for 12.8% (€30.1 billion), Switzerland (5.4%; €12.6 billion) and China (5.3%; 12.3 billion).
Japan (3.6%), Norway (3.0%) and Russia (2.5%) are other large markets for agricultural exports, while other markets comprise a combined 44.5%.
On the import side, Brazil was the top source of agricultural imports, supplying 8.8%, or €17.1 billion. This was followed by the United Kingdom (8.5%; €16.6 billion), Ukraine (6.7%; €13.1 billion), and the United States (6.1%; €12.0 billion).
Trade surplus in the EU
In 2024, the EU recorded a trade surplus of €39.2 billion in agricultural products, with exports reaching €234.1 billion and imports totalling €194.9 billion.
On a year-on-year basis, exports were up 2.8% and imports by 6.7%, while over the past decade, exports rose by 58.0% and imports by 60.2%. This translates to an average annual growth rate of 4.7% for exports and 4.8% for imports, Eurostat’s data showed. Read more here.
