European Union exports of olive oil between August 2015 and July 2016, were valued at 2,480 million euros, representing an increase over 11.3% regarding the same period last year, according to the latest report on agrifood trade of the Commission European (EC).
Specifically, during last July foreign European sales of the product reached a value of 226 million euros against the 217 million euros reached in July 2015.
As for imports of olive oil between August 2015 and July 2016, it were valued at 410 million euros, representing a decrease by 29.9% regarding the last same period; while in July this product imports were valued at 19 million euros, against the data of 72 million euros reached a year earlier, in July.
In general, for this period of 12 months, EU food exports were valued at more than 128,000 million euros, representing an increase of 0.7% compared with the same period last year.
The monthly value for Community agricultural exports in July reached 10,500 million euros, a figure that represents a moderate decline compared to the results of July 2015 (11.191 million euros).
Data collected by the EU executive also highlights exports to Asian destinations (India, China, Philippines and Vietnam) and Northeast Africa (Sudan, Ethiopia and Libya), which increased compared to the data of July 2015. However, destinations that dropped the most were those reaching Hong Kong, Russia and Algeria.
ECEU Oilve Oil Exports increased according to the EC latest report,