The EU agri-food trade surplus increased to €4.4 billion in February 2026, a 43% rise from January, driven by lower import values despite slight declines in both exports and imports year-on-year. The cumulative surplus for January-February remained stable at €7.4 billion.
The European Union's agri-food trade surplus saw a significant increase in February 2026, reaching €4.4 billion. This marks a 43% rise compared to January 2026 and is comparable to February 2025 levels, according to new data from Eurostat. Both exports and imports experienced slight year-on-year declines, but a larger decrease in import values contributed to the improved monthly trade balance. For the cumulative period of January to February 2026, the EU's agri-food trade surplus stood at €7.4 billion, remaining stable compared to the same period in the previous year.
Key export declines were observed in cocoa products, pigmeat, and olives and olive oil, while fruits, nuts, and non-edible products saw increased exports. Exports to the UK and the US experienced notable year-on-year decreases in January-February 2026, down 4% and 20% respectively. Pigmeat exports fell by 13% and preparations of fruit, nuts, and vegetables by 10%.
EU agri-food imports totalled €14.5 billion in February 2026, a 1% decrease month-on-month and a 5% decrease year-on-year. Total imports for January-February 2026 were €29.1 billion, a 7% decrease from 2025. Significant import declines were seen in cereals and oilseeds. However, imports of beef and veal increased by 28% (€130 million), primarily driven by higher volumes from Brazil, the UK, and Uruguay, attributed to short supply and high prices of EU beef. Cereal imports fell by 30%, largely due to reduced wheat and maize import volumes.
The increase in the EU's agri-food trade surplus, driven by lower import values and specific import surges like beef, indicates shifts in global commodity prices and supply dynamics, potentially impacting domestic producers and international trade relationships.