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UK food and drink exports to EU plunged 75.5% in January: industry group

·1-min read
FILE PHOTO: Border control at the Port of Dover

LONDON (Reuters) - Exports of food and drink from the United Kingdom to the European Union plunged by 75.5% in January, the Food and Drink Federation said on Monday, attributing much of the fall to post-Brexit barriers.

The lobby group said the worst hit trade route was to Ireland. In January 2020, Ireland was the UK's biggest market, representing around 18% of total food and drink exported. A year on the figure had dropped to only 5%.

While pre-Brexit stockpiling and weak demand due to closed hospitality during the pandemic will have been a factor, the Federation said "much of" the fall was likely to be due to new non-tariff barriers that have hit smaller producers particularly hard.

(Reporting by Kate Holton, Editing by Paul Sandle)