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2023
Exports $62.7MWorld Rnk 17 / 153
Flag Rnk 478 / 1216
2023
Destination $16.4M Ireland
2022 - 2023
FASTEST GROWING MARKET $16.4MIreland
2023
PRODUCT COMPLEXITY IN Fermented Milk Products-0.17Rnk 610 / 1025
2023
Imports $542MWorld Rnk 2 / 223
Flag Rnk 227 / 1214
2023
Origin $25.8M France
2022 - 2023
FASTEST GROWING ORIGIN $25.8MGreece
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $62.7M in Fermented Milk Products, making it the 17th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 478th most exported product in United Kingdom. The main destination of Fermented Milk Products exports from United Kingdom are: Ireland ($30.5M), United Arab Emirates ($7.31M), France ($4.86M), Hong Kong ($3.73M), and Philippines ($3.41M).

The fastest growing export markets for Fermented Milk Products of United Kingdom between 2022 and 2023 were Ireland ($16.4M), United Arab Emirates ($3.9M), and France ($1.16M).

Imports In 2023, United Kingdom imported $542M in Fermented Milk Products, becoming the 2nd largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 227th most imported product in United Kingdom. United Kingdom imports Fermented Milk Products primarily from: France ($147M), Greece ($106M), Germany ($102M), Belgium ($92.4M), and Ireland ($28.4M).

The fastest growing import markets in Fermented Milk Products for United Kingdom between 2022 and 2023 were Greece ($25.8M), Belgium ($10.9M), and Ireland ($7.25M).

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Fermented Milk Products exports accounted up to £3.18M and imports accounted up to £41.4M, resulting in a negative trade balance of £38.2M. Between November 2023 and November 2024 the exports of United Kingdom's   Fermented Milk Products have increased by £369k (13.1%) from £2.82M to £3.18M, while imports increased by £6.58M (18.9%) from £34.8M to £41.4M.

Destinations In November 2024, Fermented Milk Products were exported mostly to Ireland (£913k), United Arab Emirates (£451k), Netherlands (£306k), Denmark (£254k), and Qatar (£218k), and were imported mostly from France (£11.7M), Greece (£7.87M), Belgium (£6.45M), Ireland (£5.98M), and Germany (£5.17M).

Growth In November 2024, the increase in Fermented Milk Products's year-by-year exports was explained primarily by an increase in exports to Netherlands (£308k or 538%), Ireland (£258k or 47.2%), and United Arab Emirates (£228k or 129%). In November 2024, the increase in Fermented Milk Products's year-by-year imports was explained primarily by an increase in imports from France (£4.25M or 68.7%), Belgium (£2.05M or 532%), and Germany (£1.98M or 44.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£369k(13.1%)
IMPORT GROWTH (November 2023 - November 2024)£6.58M(18.9%)
MAIN EXPORTER (November 2024)Liverpool£4.24M
MAIN DESTINATION (November 2024)Ireland£913k

This section shows Fermented Milk Products's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Fermented Milk Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$62.7M
IMPORTS (2023)$542M
NET TRADE (2023)-$479M

In 2023, United Kingdom exported $62.7M in Fermented Milk Products. The main destinations of United Kingdom exports on Fermented Milk Products were Ireland ($30.5M), United Arab Emirates ($7.31M), France ($4.86M), Hong Kong ($3.73M), and Philippines ($3.41M).

In 2023, United Kingdom imported $542M in Fermented Milk Products, mainly from France ($147M), Greece ($106M), Germany ($102M), Belgium ($92.4M), and Ireland ($28.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Fermented Milk Products EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Ireland$16.4M (116%)
United Arab Emirates$3.9M (115%)
France$1.16M (31.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fermented Milk Products BY United Kingdom WERE (2022 - 2023):
Singapore-$1.48M (-58.2%)
Qatar-$1.36M (-54.7%)
Bahrain-$1.15M (-69.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Fermented Milk Products were:
Germany $1.11B
France $695M
Belgium $431M
In 2023, United Kingdom's main importing competitors in Fermented Milk Products were:
Italy $585M
Netherlands $372M

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Trade Value of Fermented Milk Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.71M
TOP IMPORT POTENTIALGermany+ $5.52M

Fermented Milk Products’s highest export potential is France. With an export gap of $1.71M.   Fermented Milk Products’s highest import potential is Germany with an import gap of $5.52M.

See methodology.

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