Exports of branded food and non-alcoholic drinks shot up by 13.7% in the third quarter of 2016, according to new figures from the Food and Drink Federation (FDF). Sales to non-European Union (EU) markets grew at twice the rate of the EU, however, the EU still remains the top destination for branded exports, buying two thirds of the total. This represents the biggest quarterly export sales we have ever seen and builds on Q2, which was in turn the largest up to that point.
The overall value of UK food and non-alcoholic drink exports rose to £3.4bn in Q3, up 12.1% on the same period in 2015. Latest year-to-date figures now show impressive double-digit growth with total exports of £10.1bn during the first three quarters of 2016.
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