News

British exports to the EU after Brexit

Published Jul 3, 2021

Tridge summary

British food and beverage exports to European Union markets fell by almost half in the first quarter of this year, according to a recent survey by the British Food and Drink Association (FDF). All in all, Brexit represents an export loss of two billion pounds (830 billion forints) for the sector so far.

Original content

After January 1, 2021, however, the British will already export to the EU on the basis of a trade agreement concluded as a third country, as they are not members of the single internal market or the customs union. According to the FDF, exports from the UK food and drink sector have fallen significantly in almost all EU member states. According to their survey, the value of British food and beverages exported to EU markets in the first quarter of this year was 47 percent lower than in the same period last year: exports to Ireland fell by more than two-thirds and exports to the German, Spanish and Italian markets by more than half. Of the top ten British food and drink exports, whiskey sales fell by 32.3 per cent, chocolate by 36.9 per cent, dairy products by more than 90 per cent and cheeses by two-thirds in European Union markets. Imports from the EU also fell, by 10 per cent overall, but within the average, imports of vegetables fell by 13.9 per cent, those of wines by 20 per ...
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