We will be publishing a number of statistics for the United Kingdom (and the European Union) over the next few days in the run up to a major piece we will be publishing on the real economics of Brexit.
The European Union (and not China or the United States) accounted for the most trade in goods and services combined together
We will be publishing a number of statistics for the United Kingdom (and the European Union) over the next few days in the run up to a major piece we will be publishing on the real economics of Brexit.
The European Union (EU28 or EU) accounted for around one sixth of world trade in goods in 2016, with a 16.3% share of exports and a 15.0% share of imports. Turning to services the EU28’s contribution to world trade (mainly due to the United Kingdom which is leaving the European Union) was even greater, totalling 24.7% of exports and 21.1% of imports.
UK Trade Statistics for trade by each country
We will be publishing a number of statistics for the United Kingdom over the next few days in the run up to a major piece we will be publishing on the real economics of Brexit. In the meanwhile, here are trade statistics for the United Kingdom for 2016 (the latest full year of data available) sourced from the Office for National Statistics.
The top 5 countries for total trade value were Germany (£95.67 billion), the United States (£84.09 billion), the Netherlands (£53.93 billion), China (£52.51 billion) and France (£44.40 billion)
Continue reading “UK Trade Statistics for trade by each country”