Exports up by 14.7% in Quarter 3

24 Nov 2017 7:08 PM | Anonymous

The Food and Drink Federation (FDF) today published its quarterly Exports Snapshot, which highlights key UK food and drink export figures for the third quarter of 2017. Q3 saw further growth, building on the strength of the record-breaking first half results seen earlier this year (1). Exports grew to £5.9bn during this time period, up 14.7% on Q3 2016. This represents growth of 11% to £16.1bn from January to September 2017 (YTD) against the same period in 2016.

Exports of all UK food and drink grew to £5.9bn in Q3 2017, up 14.7% on 2016. This represents growth of 11% to £16.1bn from January to September 2017 year to date (YTD) compared to 2016.

Q3 export growth to non-EU markets (+18.2%) out-performed that to EU markets (+12.5%), raising the non-EU share of exports to 41.2%

The UK's top three fastest growing export products are liquid milk and cream, butter and spreads, and vegetable oils for the period from January to September.

The five fastest growing export markets by value (YTD 2017) were the Philippines (+289%), Latvia (+116%), Iceland (+73.2%), South Korea (+55%) and Romania (+48%) for the period January to September.

Exports of branded goods saw growth of 12.7% to £4.3bn YTD 2017, demonstrating strong progress towards achieving FDF's branded export ambition ahead of schedule.


Read more and download the summary at www.fdf.org.uk


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