Exports Snapshot: Q3 2018
05 December 2018
We publish regular reports outlining the latest UK food and drink export statistics, which can help your company to prioritise markets for exporting. Our reports include: data on the UK's top food and drink exports, key export markets, areas for growth, and updates on FDF's trade-related policy work.
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- Headline data indicates an increase in food and drink exports of 1.8% (to £16.4bn) from January to September 2018, compared with the same period in 2017.
- The food and drink trade deficit narrowed by 1.3% in the first 9 months of the year, standing at -£18.0bn, which is £243.0m lower than the same period in 2017.
- Export growth to EU markets was positive (+4.1%), whilst exports to non-EU markets declined over the year-to-date (-1.8%), raising the EU share of exports to 62.1%.
- All of the UK’s top 10 export products reported growth (in value) YTD 2018, apart from beer and salmon.
- The fall in salmon, which is significant both in value and volume, has almost equally been driven by less salmon being exported to France and the United States (US). The two combined have seen a decline of 16.6 thousand tonnes, or £94.3million.
- Q3 2018 exports of food and drink amounted to £5.6bn, down 4.6% on Q3 2017.