";s:4:"text";s:4997:" United Kingdom Trade Last Previous Highest Lowest Unit; Balance of Trade 4296.00: 2314.00: 6866.00-7557.00: GBP Million Overview: In 2018 United Kingdom was the number 5 economy in the world in terms of GDP (current US$), the number 9 in total exports, the number 6 in total imports, and the number 13 most complex economy according to the Economic Complexity Index (ECI).In 2018, United Kingdom exported $464B and imported $651B, resulting in a negative trade balance of -$187B. Shown beside each product label is its total export value then the percentage increase or decrease since 2018.Click to email this to a friend (Opens in new window) To explore different subnational trade comparisons in time, visit United Kingdom's subnational profiles.In 2018 United Kingdom exported a total of $464B, making it the number 9 exporter in the world. During the last five reported years the exports of United Kingdom have changed by $10.7B from $453B in 2013 to $464B in 2018.In 2018 United Kingdom imported $651B, making it the number 6 trade destination in the world.
Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of United Kingdom over time.This section shows the differences between United Kingdom's total subnational aggregate trade throughout time. That dollar amount reflects a 0.6% increase since 2015 but a -3.7% decline from one year earlier in 2018. Goods sales rebounded 6.6 percent, while services exports declined 0.9 percent. During the last five reported years the imports of United Kingdom changed by $18.8B from $632B in 2013 to $651B in 2018.The most recent imports of United Kingdom are led by In 2017, United Kingdom exported $352B worth of services. It’s corr ect that the US is the UK’s second largest trading partner after the EU, if you combine together the value of imports and exports. by Charles Forrester . The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.During the last 20 years United Kingdom's economy has become relatively less complex, moving from the 5th to the 13th position in the ECI rank.These economic complexity rankings use 6 digit exports classified according to the HS96 classification. The UK exports to 160 nations. Let us introduce your business directly to vetted, reliable and trusted sources of buyers or sellers. The following export product groups categorize the highest dollar value in UK global shipments during 2019. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions. Exports from the UK rose 3.5 percent from a year earlier to GBP 40.54 billion in May 2020, following sharp falls in April and May, as global demand started recovering following the easing of coronavirus-induced lockdown measures.
To explore different rankings and vary these parameters visit the custom rankings section.United Kingdom has a high level of specialization in The highest complexity exports of United Kingdom according to the product complexity index (PCI) are The top export opportunities for United Kingdom according to the relatedness index, are The product space is a network connecting products that are likely to be co-exported. Still, the value of exports was the second-lowest since December 2010. Relatedness is a predictive of the probability that a country increases its exports in a product. UK-exports.org is a leading UK commodities trading and logistics organization with a strong commitment to quality & integrity. It accounted for 19% of the value of UK exports in 2016/17, second only to the EU as a whole, which bought 44% of UK exports. This section shows exports and imports data at subnational level for United Kingdom.
The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. 09 July 2020. Also shown is the percentage share each export category represents in terms of overall exports from Britain.The United Kingdom’s top 10 exports accounted for over two-thirds (69.6%) of the overall value of its global shipments.The following types of UK product shipments represent positive net exports or a trade balance surplus.