The Food and Drink Federation recently showed a surprising trend in trade. There was a quarterly surge in trade outside of the EU, and it was more than double the 9.6% increase in food and drink exports to markets inside the EU. Exports included British chocolates, salmon, cheeses and wheat with America leading the way as the biggest non-EU market for such items.
Exports to China have also surged. As the 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 actually accounts for about 71.5% of food exports. Ireland leads the way, followed by France, the Netherlands, Germany and Spain. The Government hopes to increase food exports to £6billion by 2020.