Trade in numbers
"Trade isn't about goods, trade is about data. Goods sit in the warehouse until data moves them"
C J Cherryh
£399 billion in export sales
Exports to the EU decreased by £0.5 billion (1.1%) in Quarter 4, because of a £0.5 billion fall in chemical exports and a £0.4 billion fall in fuel exports which were partially offset by a £0.5 billion rise in exports of machinery and transport equipment. The fall in chemical exports was because of lower exports of organic chemicals to Ireland, and the decrease in fuel exports was because of a fall in exports of crude oil to the Netherlands. Increased exports of mechanical machinery and aircraft to Germany contributed to the rise in exports of machinery and transport equipment.
Exports to non-EU countries increased by £0.1 billion (0.3%) in Quarter 4, because of £0.8 billion rises in exports of both material manufactures and fuels. The rise in fuel exports was because of higher exports of crude oil to China. These increases were partially offset by a £0.5 billion fall in exports of miscellaneous manufactures and a £0.4 billion fall in machinery and transport equipment exports.
NOTE : graphic includes goods AND services exports.
£585 billion in imports
Imports of goods from the EU increased by £1.5 billion (1.9%) in Quarter 4 (Oct to Dec) 2023 compared with Quarter 3 (July to Sept) 2023, because of a £1.5 billion increase in imports of machinery and transport equipment, and a £0.5 billion rise in fuel imports. These increases were partially offset by a £0.3 billion decrease in chemical imports and a £0.2 billion fall in imports of material manufactures (Figure 7). The rise in imports of machinery and transport equipment was because of increased imports of cars and aircraft from Germany.
Imports from non-EU countries decreased by £0.5 billion (0.8%) in Quarter 4 2023, because of a £0.9 billion fall in imports of miscellaneous manufactures and a £0.6 billion fall in material manufactures. The fall in imports of miscellaneous manufactures was because of decreased clothing imports from China and Bangladesh. These decreases were partially offset by a £0.7 billion increase in fuel imports, primarily higher gas imports from Norway.
NOTE : graphic includes goods AND services imports.
360K
UK importers/exporters
100million
Customs declarations
£984 billion
Annual trade in goods
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