As global per capita incomes rise, leading global bread and baked goods manufacturers are expanding their operations into Asia, the Middle East, Eastern Europe and Africa. Moreover, a surprisingly large amount of the international trade in baked goods is conducted in frozen baked goods, biscuits, and manufactured baking goods used in other food products, such as pizza bases and ready-made pastry. Crowded markets for baked goods products are also incentivising firms to get creative with products and emphasise the quality of their production processes; as a result, total export volumes of “healthy” baked products, like wholegrain and multigrain bread, or specialist products, such as gluten-free biscuit ranges, are rising rapidly.

For all firms involved in the industry, these trends mean profitable opportunities for firms willing to invest in their international trade ventures continue to arise. However, the low tolerance for investment risk at traditional banks and their strict capital requirements for commercial loans can prevent even large-scale baked goods producers from obtaining finance to invest in these opportunities. To resolve this difficult situation, Trade Finance Global can construct bespoke trade finance products which do not require baking firms to provide large capital securities. Instead, TFG can connect firms to a broad network of private finance sources who lend to businesses on the basis of their business activities (such as profitable accounts receivable). These trade finance products can offer baked goods firms the finance they need to grow their revenues at the speed and flexibility required to satisfy their suppliers.

What is the SIC Code for Trade in Baked Goods?

Four SIC codes cover the production and manufacture of the primary dairy products, with a fifth reserved for margarine manufacture:

A separate trade finance page exists for Food & Drink Trade Finance.

Full tariff schedules for bread, biscuits & starches can all be found on gov.uk.