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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 UK did not actually withdraw from the European Single Market and the European Union Customs Union (and its trade agreements) until 31 December 2020. Following its failure to secure a United Kingdom–United States free trade agreement, Britain had been reportedly interested in joining several multilateral free trade agreements including USMCA.
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 US accounted for 34.2% of sector exports in 2020 compared to the 30%, which went to the EU.
v. t. e. The United Kingdom Internal Market Act 2020 (c. 27) is an act of the Parliament of the United Kingdom passed in December 2020. Its purpose is to prevent internal trade barriers within the UK, and to restrict the legislative powers of the devolved administrations in economic matters. [ 1]
History. Manufacturing in the United Kingdom expanded on an unprecedented scale in the 19th century. Innovation in Britain led to revolutionary changes in manufacturing, the development of factory systems, and growth of transportation by railway and steam ship that spread around the world. [ 4] Its growth was driven by international trading ...
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
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 ...