Wednesday 23 November 2016

British Food Exports Outside The European Union Booming Following Brexit


The quarterly surge in trade is more than double the 9.6 per cent increase in food and drink exports to markets within the EU, showed the figures from the Food and Drink Federation.

Booming global demand for British chocolate, salmon, cheese and wheat shows how the economy can benefit after it is freed from the shackles of Brussels.

America is Britain's biggest non-EU market for food exports, with around £456million of goods heading to the US in the year to date.

At the same time, exports to China have surged by a massive 62 per cent to £258million.

Overall, food and drink exports increased by 12.1 per cent to £3.4billion.

And demand is expected to keep growing in the coming months, thanks to the weaker pound.

Ian Wright, director-general of the FDF, said: “It is very pleasing to see non-EU exports performing beyond expectations, with UK firms taking advantage of increased competitiveness following the currency changes since the summer.”

The EU currently accounts for around 71.5 per cent of food exports, with Ireland leading demand, followed by France, the Netherlands, Germany and Spain.

But the Government is planning to increase overall food exports by a third to £6billion by 2020, with a whopping 75 per cent of the rise to come from to non-EU countries.



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