UK Trade Statistics for trade by each product (and split by EU and non-EU trade) plus interactive tool for trade by each country

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. In the meanwhile, here are trade statistics for trade by each product for the United Kingdom for 2017 (the latest full year of data available) sourced from the Office for National Statistics.

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Are foreign companies really acquiring UK companies at a record pace due to a weak pound?

Have inward mergers and acquisitions (foreign companies acquiring UK companies) really soared in the United Kingdom due to a weak pound? The answer is no. The Office for National Statistics (ONS) publishes numbers for inward, outward and domestic mergers and acquisitions and it doesn’t appear either have really changed pace despite a weaker pound.

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Here’s why wages aren’t rising despite record employment and labour shortages

Both the United Kingdom and the United States currently have record multi-year high levels of employment, yet wages haven’t kept up with inflation for the vast majority of people causing a real income squeeze. Although the U.S. recently reported the highest wage growth since the last recession most people don’t feel their wages are keeping up with rising prices. What is going on?

US wage increase annual until August 2018
Source: U.S. Bureau of Labor Statistics

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The UK’s net worth is now estimated at £10.2 trillion, an average of £155000 per person

The United Kingdom’s net worth was estimated at £10.2 trillion in 2017 or an average of £155,000 per person as per the Office for National Statistics. UK net worth more than trebled between 1995 and 2017, and much of this was from growth in the value of land. Land accounts for 51% of the UK’s net worth. The UK’s net worth rose by £492 billion from 2016 to £10.2 trillion in 2017.

UK Net worth 2018
Data Source: Office for National Statistics

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U.S. Trade Statistics for January to June 2018 – exports up 9.67% as imports up 8.66%, EU largest trade partner, China replaces Canada as second largest trade partner

U.S. trade with the world has grown despite tariffs and tariffs rhetoric in the first half (January to June)  of 2018. There is one point of view that trade grew to avoid tariffs before they were implemented which might be partially true. Here are the key takeaways and the dataset,

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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.

EU Share of total world trade
Data Source: Eurostat, the International Monetary Fund (IMF) and the World Trade Organization (WTO)

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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)

UK total trade by country in 2016
Data Source: Office for National Statistics

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Here’s how much money supply has grown for major economies in the past decade (2008 to 2018)

Broad Money M3

Broad money (M3) includes currency, deposits with an agreed maturity of up to two years, deposits redeemable at notice of up to three months and repurchase agreements, money market fund shares/units and debt securities up to two years.

M3 Money Supply Growth Global
Source: Organization for Economic Co-operation and Development

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