EU Agri-Food Exports Rise as Imports Fall Amid Lower Wheat Volumes

The European Union saw an increase in agri-food exports in July, but imports dropped due to lower wheat volumes and prices. According to a report from the European Commission, export value rose by 5% to €21.3 billion ($24.2 billion) compared to the previous month. This marks a 3% increase from July 2025.

Cumulative exports are down 1% year on year to €138.7 billion, mainly due to decreased shipments to the United States following high levels in 2025. The largest reductions were seen in drinks, olive oil, and cocoa products. In contrast, export volumes of rape oil doubled.

Agricultural imports totaled €15.1 billion in July, down 4% from the previous month and 6% below last year. Cumulative imports are down 4% year on year to €108.6 billion. Cereals accounted for a significant portion of this decline, with cumulative imports dropping 11% to €4.76 billion.

The reduction in cereal imports was mainly due to lower volumes and prices for wheat (down 32%) and rice (down 18% in volumes and prices). Imports from Côte d’Ivoire fell by €1.2 billion, while Cameroon and Nigeria saw decreases of 46%. Conversely, Brazil experienced an increase of €528 million, primarily driven by higher soybean volumes.