Today's publication of the 2017 export statistics offer good news for the sector. Branded goods exports exceeded growth of all food and drink, up 12.1% and 9.7% respectively, as demand for quality UK products increased overseas. Each of the top 10 markets for branded exports saw growth in 2017. Eight out of these top ten markets are EU nations, and together these eight markets contributed over 50% of the branded exports value.
Sales to non-EU markets grew faster than sales to the EU, with the share of sales to EU markets falling from 67.6% in 2016 to 66.3% in 2017. The US was the largest non-EU market for branded UK food and non-alcoholic drink followed by Australia, spending £201.8m and £182.6m respectively.
Key non-EU markets show continued growth
The US and China are the largest non-EU markets for total food and drink exports, seeing growth of 5.2% and 29.0% in 2017, respectively
The US is the largest non-EU market for UK exports of branded goods, worth £201.8m in 2017. Within the top 10 products, UK sales of soft drinks to the US were the fastest growing product in 2017, increasing by 24.4%. Alcohol is another significant category, with the US spending £1.4bn on imports including whisky, gin, beer, wine, vodka and cider last year.
China was the fastest growing market in the UK's top 20 exports markets for branded goods, up 40.3% to £118.8m. Over the past 20 years, UK exports of branded goods to China has increased by 2823%
Read more at www.fdf.org.uk
Download the full 2017 snapshot here - (pdf)