The UK has overtaken the US as the world’s largest bread exporter, according the UK’s Trade and Investment minister Dominic Raab has said.
According to the annual report by the Office for National Statistics (ONS), the UK exports more than £2.6bn worth of bread in 2018, which was the third highest in the world.
The UK exported nearly £2bn worth last year, compared to the US’s £1.7bn.
Raab said that the country’s exports to other countries had been on a consistent upward trajectory, with exports rising from £2,638 million in 2018 to £2 at the end of 2019.
He said: “As a country we export a great deal of bread.”
It’s been growing rapidly, we’re seeing a growing volume of exports.
The UK exports about £2 billion worth of flour to other European countries, which is the second largest export after China.
The number of tonnes exported in 2018 was the highest in five years.
It’s now expected to be more than double this amount by 2019.
The latest report by US-based international trade consultancy, the Baker Institute, said the UK was the world leader in the supply of bread, with £2 of every £5 of flour exported by the UK in 2018.
“It is an important step forward for the UK to join the ranks of the countries that have been exporting more bread than the UK,” Raab told the House of Commons.
However, Raab acknowledged that the export numbers for bread in the UK had fallen short of expectations.
In 2018, the UK exported almost £3.3bn worth, according in the report.
He added: “We export a lot of bread and that is our bread, that’s where we are exporting bread to and from and the bread we’re exporting to Europe, the US and elsewhere.”
But we are still exporting less than we thought we would, it’s going to come down as the year goes on.
“The UK exports nearly £1bn worth in bread to the EU, the second biggest export market after the US.
But the ONS has warned that Brexit could be an obstacle to a better bread export deal.
Raab said: I’m very keen to work with our European partners on this.
We need to get on the same page, we are going to be looking at ways to improve our exports to the European Union as well as the European market.
It’s important that we have an effective trading relationship with the European Commission and our EU partners.
And that includes, of course, the European Central Bank and all our trading partners, but also our trade partners in China, India and other markets around the world.”