Gin exports will hit £500m this summer

By Nikkie Sutton

- Last updated on GMT

Rise: overseas sales of gin are on the up
Rise: overseas sales of gin are on the up

Related tags: United kingdom

Overseas sales of British gin were worth almost half a billion pounds last year and the Wine & Spirit Trade Association (WSTA) has predicted exports of the tipple will hit £500m by this summer.

Figures from HMRC show £474m worth of British gin was sold abroad in 2016, up 12% and worth £53m more than the previous year.

Since 2012, UK gin exports have seen a meteoric rise, adding the equivalent value of £227m in just five years and witnessing a 36% rise in volume sales.

WSTA chief executive Miles Beale dubbed the growth of spirit as ‘the great British gin take off’, calling it a global phenomenon.

Record-breaking gin

He added: “The quality of the gin, combined with the world’s love for brand Britai,n has seen UK gin breaking records both at home and abroad.

“It is fantastic to see the quintessentially British spirit supporting a wider industry with gin themed gifts now selling like hot cakes.

“Britain is by far the biggest exporter of spirits in the world.”

Beale called on the Chancellor of the Exchequer to cut wine and spirit duty by 2%​ ahead of the Budget next month (March).

Duty cut is a winning tonic

He said: “We want the Government to get behind British business by supporting its spirit industry to help it reach its potential.

“The UK has the 4th​ highest excise duty rate on spirits in the EU, making British gin’s achievement more impressive.

“A modest 2% duty cut is a winning tonic that would boost the UK drinks industry, its employees and consumers as well as generating additional revenue to help public finances.”

Related topics: Spirits & Cocktails

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