Brexit plunged UK exports to the EU, the losses are £ 2 billion

Published 2021년 6월 18일

Tridge summary

The article highlights a significant decrease in the UK's food and beverage exports to the EU in the first quarter of 2021, with a drop of approximately 2 billion pounds. This decline is attributed to Brexit-related checks, stockpiling, and the Covid-19 pandemic. Specific products like dairy, whiskey, chocolate, lamb, and various exports to Ireland have been particularly affected. However, despite these challenges, UK exports to Ireland, Spain, Italy, and Germany have shown some recovery in recent weeks. Additionally, exports to China, Japan, Hong Kong, and South Korea have seen growth, with a notable 25% increase in exports to China, driven by sales of pork, whiskey, and vegetable oils. A suspension of tariffs between the UK and US may also boost whiskey exports to the US.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Food and beverage exports from the United Kingdom to the EU fell by 2 billion pounds in the first three months of 2021, with sales of dairy products fell by as much as 90%, according to an analysis of data from the British Customs Government Agency, quoted from the Guardian. Checks after Brexit, the accumulation of a serious stockpile and Covid-19 are at the root of this collapse. "The loss of £ 2bn in exports to the EU is a disaster for the industry and is a clear indication of the scale of the losses that British producers face in the long run due to new trade barriers with the EU," said Dominic Goody of the Food and Beverage Federation. (FDF). Customs data show that exports of dairy products decreased by more than 90%. In particular, cheese exports decreased by two thirds compared to 2020. Whiskey exports fell by 32%, chocolate by 37%, lamb and lamb by 14%. Total food and beverage exports to Ireland fell by 70% on an annual basis, to Spain by 63%, to Italy by 61% and to Germany ...

Source: Money