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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 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]
After rebates, the UK's EU membership fee in 2018 was £13.2 billion. [53] CIPS has reported think tank Campaign for European Reform's research, which found that UK goods trade was 11.2%, or £8.5 billion, lower in September 2021 than it would have been according to the Office for Budget Responsibility's forecast in March 2016. [54]
Balance of trade is the difference between the monetary value of a nation's exports and imports over a certain time period. [ 1] Sometimes a distinction is made between a balance of trade for goods versus one for services. The balance of trade measures a flow variable of exports and imports over a given period of time.
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
Exports of goods and services (US$ million) by country [1] Country Exports Year Top export (2021) [2] China: 3,411,248 2023 Broadcasting equipment United States: 2,751,824 2023 Petroleum Germany: 1,804,251 2023 Cars Japan: 1,074,781 2023 Gold Netherlands: 951,679 2023 Packaged medications India: 873,982 2023 Packaged medications United Kingdom
Merchandise exports are goods that are produced in one country and sold to another country. Only physical objects are counting under this kind of exports. For example, cars, clothing, machinery, and agricultural products are merchandise exports. Exports of services are excluded.
The current account is an important indicator of an economy's speed. It is defined as the sum of the balance of trade (goods and services exports minus imports ), net income from abroad, and net current transfers. A positive current account balance indicates the nation is a net lender to the rest of the world, while a negative current account ...