UK liquids exports hit £8.3bn

by Marie Rodriguez

The modern figures from the Office for National Statistics (ONS), launched through the Department of Trade, discovered that UK exports of beverages multiplied through 7%, as compared with the equal duration the previous 12 months. The “exceptional call for” for wine, spirits, and smooth liquids has visible exports greater than double within the past 15 years.

Total UK exports reached £639.9bn (US$836.2bn) within the year to February 2019, a boom of three.1%.

The UK witnessed a “wholesome” £1.6bn (US$2.06bn) exchange surplus in drinks. If the UK by no means exported liquids, the trade deficit would have been 26.1% extra, in step with the statistics.

Non-EU international locations had been the top markets for British drinks, making up sixty-three .4% of all exports. There has been a “large increase in the call for” from India and Japan, with exports developing with the aid of 49.2% to £179m (US$233.9m) and 23.7% to £188m (US$245m), respectively. The US remains the top destination for UK drinks, increasing by three.9% to £1.8bn (US$2.3bn).

Secretary of the country for worldwide exchange, Dr. Liam Fox, stated: “The UK’s drink industry has global enchantment and it’s awesome to look the world continue to deliver real tangible monetary advantages for the UK. My international monetary branch stands geared up to assist organizations of all sizes to reap their exporting ambitions.”

The months of October and November 2018 grew around 23% above the 12-month-to-month common for beverages exports as consumers “stocked up on Scotch whiskey and gin beforehand of the festive duration”.

Scotch Whisky Association global director Sarah Dickson said: “Scotch whiskey keeps to blaze a path for UK exports, making up more than half of all UK beverage exports.

“Last yr, 41 bottles of Scotch whiskey have been shipped from Scotland every 2nd to round 180 international markets, with an export value of £four.7bn. We should be proud that Scotland’s countrywide drink is the arena’s top of the line whiskey, enjoyed by means of tens of millions around the globe.”

Yorkshire-based Spirit of Harrogate has seen an increase in exports for its Slingsby gin across markets together with New Zealand, Germany, Malta, Finland, Denmark, and Croatia.

“We’re very proud that British gins are being so well acquired across the world,” stated Spirit of Harrogate co-founder Mike Carthy.

“The reaction from international buyers has been extraordinarily positive, and we look ahead to beginning up in new markets and growing our brand in addition afield so that extra humans can revel in our award-prevailing products.”

Related Posts