United Kingdom: February 2021 trade data on potato exports
Published 2021년 4월 15일
Tridge summary
The article provides an analysis of the UK's potato export and import trends for February, as reported by HMRC, following the Brexit transition. It highlights a mixed performance across different potato categories, with some segments experiencing increases from January while others declined compared to the previous year or the five-year average.
Fresh potato exports to the EU, primarily to Spain, Belgium, and the Irish Republic, saw an increase in February but remained significantly below the average of the latter half of 2020 and previous years. Non-EU fresh exports also contributed to a total of 9.6Kt for February. Processed exports, especially frozen, also increased but failed to reach previous levels. Seed exports experienced a dramatic drop due to the lack of third-country equivalence, with Turkey being the main recipient.
On the import side, both fresh and processed potatoes saw decreases in February compared to January and the five-year average, with fresh imports from Cyprus being the most notable. Frozen imports, in particular, were significantly below the average.
The article emphasizes the challenges and adjustments the new data collection method has brought about when comparing to previous trade figures. It also points out the unreported seed potato exports to the EU as a result of the new reporting system, underscoring the need for caution when interpreting the data.
Fresh potato exports to the EU, primarily to Spain, Belgium, and the Irish Republic, saw an increase in February but remained significantly below the average of the latter half of 2020 and previous years. Non-EU fresh exports also contributed to a total of 9.6Kt for February. Processed exports, especially frozen, also increased but failed to reach previous levels. Seed exports experienced a dramatic drop due to the lack of third-country equivalence, with Turkey being the main recipient.
On the import side, both fresh and processed potatoes saw decreases in February compared to January and the five-year average, with fresh imports from Cyprus being the most notable. Frozen imports, in particular, were significantly below the average.
The article emphasizes the challenges and adjustments the new data collection method has brought about when comparing to previous trade figures. It also points out the unreported seed potato exports to the EU as a result of the new reporting system, underscoring the need for caution when interpreting the data.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Potato exports lag previous years HMRC have now released trade data covering up to the end of February 2021. In January, after the end of the transition period to leave the European Union (EU), we saw some teething issues in exports. Did these continue into February? Well in February, ware exports for both processed and fresh sectors increased from January’s figures, though still lag previous years February figures. Whereas overall seed exports and ware imports fell substantially January to February. As Alex mentioned in last month’s January round-up, HMRC’s data collection method changed from January 21 onwards. The method now collects monthly volumes by customs declaration. Previously, data was collected on physical movement and so when comparing to previous monthly trade figures, this should be considered. Exports Fresh exports to the EU totalled 9.3Kt in February, up from 6.9Kt in January. Spain, Belgium, and the Irish Republic were the main destinations. Despite a rise in ...
Source: Ahdb
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