European agri-food exports in July 2026 at €138.7 billion (-1%). Slight recovery for wine (-3%)

European agri-food exports remain stable, though with a slight downward trend, with wine still showing a decline (-3%), although the percentage change has improved slightly compared to the previous survey (-4%). According to the European Commission’s “EU Agri-Food Trade Monitoring” report for July 2026, cumulative continental exports for the agri-food sector from January through July totaled 138.67 billion euros, €1.56 billion (-1%) less than in the same period of 2025, while total imports reached €108.6 billion, down €4.46 billion (-4%) year-over-year. European wine, ranked No. 4 in the continent’s “top 15,” totaled 9.4 billion euros in exports from January through July 2026, down 3% (equivalent to a decrease of 280,000 euros) compared to the same period in 2025. Spirits and liqueurs, on the other hand, performed well, posting a 10% increase in the first 7 months of 2026, for a total value of 5.27 million euros (an increase of 470,000 euros).
The European Union’s agri-food sector, however, increased its trade surplus in the first 7 months of 2026, with a cumulative surplus of just over 30 billion euros, an increase of 2.89 billion euros compared to the same period in 2025.
In the agri-food sector, the United Kingdom is the European Union’s leading trading partner, with exports totaling 31.7 billion euros from January through July 2026 (-3%), ahead of the United States at 16 billion euros (-9%) and Switzerland at 7.9 billion euros (+1%). The largest decline in exports during the January-July 2026 period was to the United States (down €1.7 billion): this drop, it was explained, followed the high export levels recorded in the first quarter of 2025, likely attributable to sales brought forward in anticipation of the tariffs announced by the United States (and subsequently implemented, ed.). The most significant declines were seen in beverages, olive oil, and cocoa-based products. However, it is noted that July’s exports were higher than those of the previous year. The second-largest decline, meanwhile, was to the United Kingdom (–843 million euros).
The largest European agri-food imports, on the other hand, came from Brazil, which rose to 11.1 billion euros (+5%) in the first 7 months of 2026, ahead of the United Kingdom (8.5 billion euros, -7%) and the United States (7.69 billion euros, -4%).