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Trade: First year of the EU-Japan Economic Partnership Agreement shows growth in EU exports

31.01.2020
Brussels

EU News 22/2020

1 February 2020 marks the first anniversary of the entry into force of the EU-Japan Economic Partnership Agreement (EPA). In the first ten months following the implementation of the agreement, EU exports to Japan went up by 6.6% compared to the same period the year before. This outperforms the growth in the past three years, which averaged 4.7% (Eurostat data). Japanese exports to Europe grew by 6.3% in the same period.

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Certain sectors have seen even stronger export growth over the same period:

  • Meat exports increased by 12%, with a 12.6% increase for pork exports, and frozen beef exports have more than tripled.
  • Dairy exports were up by 10.4% (including a 47% increase in butter exports).
  • Beverages exports went up by 20%, with 17.3% growth in wine exports.
  • Leather articles exports and apparel have seen an increase of 14% and 9.5%, respectively.
  • Electrical machinery exports, such as telecommunications equipment, storage devices and electronic circuits went up by 16.4%.

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