Surplus of 39.2 Billion Euros in Agricultural Trade

Sure, here’s the translation into American English:

In 2024, the European Union’s trade activity in the agricultural sector remained strong, with exports reaching a value of €234.1 billion and imports totaling €194.9 billion. This performance generated a trade surplus of €39.2 billion. Compared to 2023, the figures show a year-on-year growth of 2.8% for exports and 6.7% for imports.

Since 2014, trade in agricultural products within the EU has experienced notable growth of 59%. Exports have increased by 58%, while imports have grown by 60.2%, indicating an average annual increase of 4.7% for exports and 4.8% for imports.

The United Kingdom solidified its position as the EU’s main trading partner, accounting for 23% of its agricultural exports, which amounts to €54.0 billion. This is followed by the United States at 12.8% (€30.1 billion), Switzerland at 5.4% (€12.6 billion), and China at 5.3% (€12.3 billion).

Regarding imports, Brazil topped the list, providing 8.8% of the total with €17.1 billion. The United Kingdom followed with 8.5% (€16.6 billion), Ukraine at 6.7% (€13.1 billion), and the United States contributing 6.1% (€12.0 billion).

This context highlights not only the importance of the agricultural sector in the EU’s economy but also the growing interdependence in global trade. The evolution of these figures underscores the European Union’s ability to position itself in the international market and the need to maintain strong trade relations with its strategic partners.

via: MiMub in Spanish

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