Trade in agricultural goods down 3.2% in 2023

In 2023, the value of trade (imports and exports) of agricultural products between the EU and the rest of the world reached €410.9 billion, €13.5 billion less than in 2022 (€424.4 billion), corresponding to a decrease of 3.2%. 

The EU exported €228.6 billion worth of agricultural products and imported €182.3 billion, generating a surplus of €46.3 billion. While the value of exports between 2022 and 2023 remained stable, there was a noticeable decrease in the value of imports (-6.8%).

Between 2013 and 2023, EU trade in agricultural products increased by 56.2% (from €263.1 billion to €410.9 billion), equivalent to an average annual growth of 4.6%. In this period, exports grew faster (4.7%) than imports (4.4%).

Source dataset: ds-045409

UK and Brazil: biggest export and import partners

In terms of export partners, the United Kingdom was the main partner with a 22% share in EU exports of agricultural products (equivalent to €48.6 billion), followed by the United States (12%; €27.5 billion), China (6%; €13.5 billion), Switzerland (5%; €12.1 billion), Japan (3%; €7.2 billion) and Russia (3%; €6.6 billion).

EU imports originated mostly from Brazil (9%; €16.9 billion), the United Kingdom (8%; €15.8 billion), China (7%; €13.3 billion), the United States (7%; €13.1 billion), Ukraine (5%; €9.5 billion) and Norway (5%; €9.2 billion).

Source dataset: ds-045409