Wednesday, August 28, 2019

UK Exports


The UK exported $487 billion in goods to other countries.


The Biggest Customers for UK goods and services are listed below.

UK Exports 2018 by Country

United States: $65.3 billion (13.4%)
Germany: $46.7 billion (9.6%)
Netherlands: $33.1 billion (6.8%)
France: $31.9 billion (6.5%)
Ireland: $28.2 billion (5.8%)
China: $27.7 billion (5.7%)
Switzerland: $25.6 billion (5.3%)
Belgium: $18.9 billion (3.9%)
Italy: $14 billion (2.9%)
Spain: $13.9 billion (2.9%)
Turkey: $13.7 billion (2.8%)
Hong Kong: $10.3 billion (2.1%)
United Arab Emirates: $10.1 billion (2.1%)
Japan: $8.4 billion (1.7%)
South Korea: $7.8 billion (1.6%)

Approaching three-quarters (73%) of UK exports in 2018 were delivered to the above 15 trade partners.


UK Exports July 2018- June 2019

7/18   GBP    52958
8/18   GBP    52866
9/18   GBP    53717
10/18 GBP   54452
11/18 GBP   54547
12/18 GBP   53545
1/19   GBP   54264
2/19   GBP   54238
3/19   GBP   55669
4/19   GBP   52142
5/19   GBP   53039
6/19   GBP   55409
Imports GBP 53630       

Exports of goods and services from the UK grew 4.5 percent from a month earlier to GBP 55.41 billion in June 2019, the most since October 2016.
 
Conversely, declines were registered in shipments to the US (-1.5%), Switzerland (-1.6%), Singapore (-11.1%) and Turkey (-16.7%). Exports to the EU fell 3.3 percent, in particular to the Netherlands (-17.8%) and Belgium (-2.8%), but rose to Germany (0.7%), France (0.5%), Ireland (5.4%), Italy (2.2%) and Spain (6.7%). Exports in the United Kingdom averaged 24588.90 GBP Million from 1955 until 2019, reaching an all time high of 55669 GBP Million in March of 2019 and a record low of 962 GBP Million in June of 1955.

Shipments of goods surged 7.6%, driven by machinery & transport equipment (0.2 percent); chemicals (16.2%); material manufactures (0.3%); food & live animals (1.5%); animals & vegetable oils and fats (19.4%) and beverages & tobacco (3.9%).

In contrast, those of fuels declined (-21.4%).  Meanwhile, exports of services increased 0.6%. Among major trading partners, goods exports to non-EU countries jumped 17.8 percent, mostly to China (110.2%), Hong Kong (47.9%), the UAE (83.4%), India (21.3%), Japan (1.3%) and South Korea (22.2%).


Norb Leahy, Dunwoody GA Tea Party Leader

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