UK FOOD AND DRINK EXPORTS = £16.4bn in first 9 months of 2018

06 Dec 2018 12:27 PM | Anonymous

Food and drink exports increased by 1.8% to £16.4bn from January to September 2018, when compared to the same period in 2017

⦁ Exports of branded goods grew by £35.2m to £4.3bn, up 0.8%

The Food and Drink Federation (FDF) has published analysis showing that food and drink exports increased by 1.8% to £16.4bn from January to September 2018, when compared to the same period in 2017. Exports of branded goods grew by £35.2m to £4.3bn, up 0.8%.

The food and drink trade deficit narrowed by 1.3% and it now stands at -£18.0bn, which is £243.0m lower than the same period in 2017. Export growth to EU markets (+4.1%) was positive, while exports to non-EU markets declined (-1.8%), with the EU exports share growing to 62.1%.

All of the top 10 export products reported growth in January to September, apart from beer and salmon. The fall in exports of salmon, down 20.1%, is primarily a result in a fall in sales to France (-19%) and the US (-36.2%). In volume terms, this represents a decline of 16.6 thousand tonnes, which is equivalent to £94.3 million.

Elsa Fairbanks, Director, Food & Drink Exports Association (FDEA), said:

“The FDEA has received positive feedback from members in our recent 2018 Export Survey -  exporters of all sizes from around the UK. Most respondents report continued export growth both in EU and non-EU markets although in the main this comes from more “established” markets.  As the reality of the changing trading environment emerges, there is concern that sales may start to fall in the EU after Brexit and many exporters are exploring opportunities in new areas further afield. In light of this, we fully endorse the need for practical help and support to ensure that companies are prepared for what lies ahead.”