FAS Reports on U.S. Agriculture Exports to EU
The Foreign Agricultural Service has issued a July 13, 2010 International Agriculture Trade Report which states U.S. agricultural exports to the European Union are on the rebound. In recent years, exports of agricultural products to the EU have trailed growth…
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in overall U.S. agricultural exports to the world. From 2000 to 2009, U.S. exports to all destinations increased by 90 percent (from $52.7 billion to $96.6 billion); over the same time period exports to the EU increased only 17 percent making it one of the slowest growing markets. However, shipments have been strong through the first seven months of fiscal 2010 and are forecast for the year at $8.3 billion, up 9 percent over last year. Exports over the second half of the year will be influenced by the European financial situation, strength of the dollar, and competitor supplies.