UK Food and Drink Exports Drop 4.8% to £5.7 Billion as US Sales Tumble 28%
Updated
Updated · The Guardian · Jun 26
UK Food and Drink Exports Drop 4.8% to £5.7 Billion as US Sales Tumble 28%
3 articles · Updated · The Guardian · Jun 26
Summary
Q1 UK food and drink exports fell 4.8% year on year to £5.7 billion, while shipment volumes dropped 8.9% to their lowest level for the period in a decade, excluding the pandemic-hit 2021.
A 28% plunge in exports to the US dealt the biggest blow, with the Food and Drink Federation linking the drop to Donald Trump’s tariffs and wider trade disruption.
EU export volumes also fell 6.9%, which the industry group blamed on higher costs and added complexity in trading with Britain’s closest market since Brexit.
London and Brussels are negotiating a sanitary and phytosanitary deal that the federation hopes will cut paperwork and border checks, as manufacturers press the UK government to lower business costs and help firms use trade deals better.