EU exports continue to increase, with the highest growth being reported for exports to Russia, China, the USA and Korea. However, exports to Saudi Arabia have fallen by €94 m compared to figures from last year, according to a report published by the European Commission.
The highest figures were seen for exports of wine and pigmeat, where pig meat exports increased by 20.5% compared to February 2016.
On the other end of the spectrum, figures for the export of wheat and other cereals are reducing in value terms.
Imports were also on the rise, especially coming from Brazil and Indonesia, with coffee and vegetables in the top categories.
The report also gave focus to the EU’s trade relationship with Serbia, saying exports have been increasing slowly after the past few years.
“While the EU is more orientated towards exporting processed products, the imports from Serbia are mainly commodities and other primary products,” the report stated.
In 2016, the highest Serbian-EU imports were for fresh or dried fruit, cereals, sugar and vegetable oils, whereas the highest exports were for food preparations, chocolate and confectionery.
As the overall monthly EU exports and imports increased by the same value, the trade balance for February 2017 shows no change compared to February 2016.