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The economy of the United Kingdom is a highly developed social market economy. [ 26][ 27][ 28] It is the sixth-largest national economy in the world measured by nominal gross domestic product (GDP), ninth-largest by purchasing power parity (PPP), and twenty-first by nominal GDP per capita, constituting 3.1% of nominal world GDP. [ 29]
The following is a list of the exports of the United Kingdom. The UK exports to 160 nations. The UK is the fifth largest exporter. Data is for 2019, in millions of USD (United States dollars), as reported by International Trade Centre. Currently the top fifty exports are listed. #
The British automotive industry employs around 800,000 people, with a turnover in 2022 of £67 billion, generating £27 billion of exports (10% of the UK's total export of goods). [300] In 2023, the UK produced around 905,100 passenger vehicles and 120,400 commercial vehicles, output was up 17.0% on the previous year. [301]
The US accounted for 34.2% of sector exports in 2020 compared to the 30%, which went to the EU. US becomes top destination for UK financial services exports Skip to main content
Trade in GBP £ Millions Rank Country Imports to UK Exports from UK Total trade Trade balance -Total for non-EU: 345,533: 341,932: 642,726: 41,138 - European Union (Total) 341,002
List of top exporting countries by product category. List of countries by high tech exports. List of countries by imports. List of countries by leading trade partners. List of Chinese administrative divisions by exports. List of U.S. states and territories by exports and imports. List of German states by exports.
As of 2022, the UK aerospace industry was the second largest in the world behind that of the United States, [15] with a turnover of over $34.5 billion. Major players in the UK defence and aerospace market include BAE Systems, Airbus, GKN Aerospace, Leonardo, Babcock International, Rolls-Royce, Safran, General Electric, MBDA and Thales.
The economic history of the United Kingdom relates the economic development in the British state from the absorption of Wales into the Kingdom of England after 1535 to the modern United Kingdom of Great Britain and Northern Ireland of the early 21st century. Scotland and England (including Wales, which had been treated as part of England since ...