Fermented Milk Products in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $45.6M in Fermented Milk Products, making it the 23rd largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 570th most exported product in United Kingdom. The main destination of Fermented Milk Products exports from United Kingdom are: Ireland ($7.54M), Qatar ($4.93M), Philippines ($4.63M), Hong Kong ($3.81M), and Saudi Arabia ($3.71M).

The fastest growing export markets for Fermented Milk Products of United Kingdom between 2021 and 2022 were Qatar ($3.62M), Philippines ($3M), and Saudi Arabia ($2.39M).

Imports In 2022, United Kingdom imported $452M 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 278th most imported product in United Kingdom. United Kingdom imports Fermented Milk Products primarily from: France ($130M), Germany ($91.4M), Belgium ($80.5M), Greece ($67.1M), and Poland ($22.8M).

The fastest growing import markets in Fermented Milk Products for United Kingdom between 2021 and 2022 were Spain ($5.92M), Netherlands ($5.57M), and Switzerland ($441k).

Latest Trends

March 2024

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Overview In March 2024 United Kingdom's Fermented Milk Products exports accounted up to £3.54M and imports accounted up to £37.9M, resulting in a negative trade balance of £34.4M. Between March 2023 and March 2024 the exports of United Kingdom's Fermented Milk Products have decreased by £-324k (-8.4%) from £3.86M to £3.54M, while imports increased by £9.67M (34.3%) from £28.2M to £37.9M.

Destinations In March 2024, Fermented Milk Products were exported mostly to Ireland (£990k), Philippines (£529k), Netherlands (£255k), Thailand (£238k), and Saudi Arabia (£237k), and were imported mostly from France (£12M), Belgium (£6.56M), Germany (£5.87M), Greece (£4.92M), and Spain (£3.23M).

Growth In March 2024, the decrease in Fermented Milk Products's year-by-year exports was explained primarily by a decrease in exports to Singapore (£-509k or -91.9%), Philippines (£-50.2k or -43.7%), and France (£-27.9k or -12.4%). In March 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

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)£-324k(-8.4%)

IMPORT GROWTH (March 2023 - March 2024)£9.67M(34.3%)

MAIN EXPORTER (March 2024)Felixstowe£1.14M

MAIN DESTINATION (March 2024)Ireland£990k

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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