UK Food and Drink Export Performance
UK food and drink export statistics for 2015
In this report:
- Value of exports sales shrank by 5.3% in H1 of 2015 compared to the previous
year, reaching a total of £6bn.
- Value of exports to non-EU markets improved +1%, increasing the non-EU share of
exports by 1.7 percentage points.
- Exports to EU 28 fell -7.5%, reflected in a smaller share of exports.
- Including alcoholic drinks, total food and drink exports for H1 2015 reached
£8.6bn, down 4.8% on 2014.
- Exports of whisky (the UK's largest food and drink export) were down 4.3% at
- The food and non-alcoholic drink trade deficit increased by 1.1% to
£11.4bn for the half year.
- The H1 figures are often not as strong as H2 and while the value of exports has
fallen slightly in H1 2015, food and non-alcoholic drink exports are still
performing above pre-recession levels.
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What happened in H1?
- GDP is estimated to have increased by 0.7% in Q2 2015 compared with growth of
0.4% in Q1 2015.
- There has been a rise in Sterling of 15% over the last two years against a
basket of currencies, especially the sharply depreciated Euro (€1 down
£0.86 to £0.71 since August 2013). As a result, the cost of
the UK's biggest Eurozone partners has increased significantly and UK exports
have become less competitive. At the same time USD remains comparatively strong
after a fall in 2014.
- Access to non-EU markets has opened up due to lower energy prices resulting in
lower operating costs for businesses and potential reductions in shipping costs
Value added up globally
- Exports of Value Added goods saw slight growth of 1.6% in H1 2015 compared to
the same period in 2014, achieving exports value of £1.98bn.
- Growth of Value Added Goods is reflected in both EU and non-EU markets, with EU
taking the larger share of £1.45bn in H1 2015.
- In Value Added Goods there was a 40% increase in exports of tomato ketchup
(worth +£3.2m) and Bread, Pastry & Cakes were also up +£6.9m.
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Top Product Categories
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Top 20 markets
Exports by sector
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Going up and down
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Last reviewed: 06 Sep 2015