Categories
Trade

UK Overseas Trade in Goods, March 2021

HM Revenue & Customs (HMRC) collects the UK’s international trade in goods data for Non-EU and EU trade with the UK. These are published on a monthly basis and figures for April 2021 have recently been released (11 June 2021).

UK overseas trade in goods statistics: April 2021

A summary document is available at:

UK Overseas Trade in Goods Statistics Commentary: April 2021


Summary

Total exports of goods for April 2021 were £28.1 billion. This was down £6.9 billion (20%) compared with last month.

Total imports of goods for April 2021 were £39.1 billion. This was down £2.8 billion (6.6%) compared with last month.

The UK was a net importer this month, with imports exceeding exports by £11.0 billion.

For EU trade the UK was a net importer this month, with imports exceeding exports by £4.1 billion.

For Non-EU trade the UK was a net importer this month, with imports exceeding exports by £6.9 billion.


Exports from the UK

EU Exports for April 2021 were £13.1 billion This was an decrease of £1.5 billion (10%) on last month.

Non-EU Exports for April 2021 were £14.9 billion. This was an decrease of £5.4 billion (27%) on last month.

The USA accounted for 13.5% (£3.8bn) per cent of the total value of goods exports from the UK. Germany had the second largest proportion accounting for 9.4% (£2.6bn) followed by the Netherlands with 6.4% (£1.8bn), the Republic of Ireland with 5.9% (£1.7bn) and Switzerland with 5.9% (£1.7bn). The top five export partners accounted for 41.1% of total exports in goods in April 2021.


Imports to the UK

EU Imports for April 2021 were £17.2 billion. This was an decrease of £3.0 billion (15%) on last month

Non-EU Imports for April 2021 were £21.9 billion. This was an increase of £0.2 billion (1.0%) on last month.

China accounted for 12.1% (£4.7bn) of the total value of imports to the UK. Germany had the second largest proportion of the total value of trade, accounting for 11.4% (£4.4bn) followed by the USA 9.2% (£3.6bn) then the Netherlands 5.4% (£2.1bn) and Belgium 4.5% (£1.8bn). The top five import partner countries accounted for 42.6% of the total value of goods imported in April 2021.


Data

Spreadsheets are available which show the figures in more detail.

UK overseas trade in goods statistics April 2021: import and export data

The following tables contain EU and Non-EU import and export data for April 2021.

UK overseas trade in goods statistics April 2021: imports

UK overseas trade in goods statistics April 2021: exports


Categories
Trade

UK Overseas Trade in Goods, March 2021

HM Revenue & Customs (HMRC) collects the UK’s international trade in goods data for Non-EU and EU trade with the UK. These are published on a monthly basis and figures for March 2021 have recently been released. (12 May 2021).

UK overseas trade in goods statistics: March 2021

A summary document is available at:

UK Overseas Trade in Goods Statistics Commentary: March 2021


Summary

Total exports of goods for March 2021 were £34.9 billion. This was up £8.0 billion (30%) compared with last month.

Total imports of goods for March 2021 were £41.9 billion. This was up £7.0 billion (20%) compared with last month.

The UK was a net importer this month, with imports exceeding exports by £7.0 billion.

For EU trade the UK was a net importer this month, with imports exceeding exports by £5.7 billion.

For Non-EU trade the UK was a net importer this month, with imports exceeding exports by £1.3 billion.


Exports from the UK

EU Exports for March 2021 were £14.6 billion This was an increase of £2.6 billion (22%) on last month.

Non-EU Exports for March 2021 were £20.4 billion. This was an increase of £4.6 billion (30%) on last month.

Switzerland accounted for 16.3% (£5.7bn) per cent of the total value of goods exports from the UK. The USA had the second largest proportion accounting for 12.2% (£4.3bn) followed by Germany with 8.7% (£3.0bn), the Netherlands with 5.5% (£1.9bn) and the Republic of Ireland with 5.3% (£1.9bn). The top five export partners accounted for 48% of total exports in goods this month.


Imports to the UK

EU Imports for March 2021 were £20.2 billion. This was an increase of £3.9 billion (24%) on last month

Non-EU Imports for March 2021 were £21.6 billion. This was an increase of £3.1 billion (17%) on last month.

China accounted for 13.0% (£5.4bn) of the total value of imports to the UK. Germany had the second largest proportion of the total value of trade, accounting for 12.9% (£5.4bn) followed by the USA 8.5% (£3.6bn) then the Netherlands 6.2% (£2.6bn) and Belgium 4.6% (£1.9bn). The top five partner countries accounted for 45.2% of total UK import value this month.


Data

Spreadsheets are available which show the figures in more detail.

UK overseas trade in goods statistics March 2021: import and export data

The following tables contain EU and Non-EU import and export data for March 2021.

UK overseas trade in goods statistics March 2021: imports

UK overseas trade in goods statistics March 2021: exports


Categories
Politics

Queens Speech May 2021

The State Opening of Parliament will took place today, Tuesday 11 May. The Queen’s Speech sets out the Government’s agenda for the next session and its plans to “build back better” from the COVID-19 pandemic and level-up opportunities across the country.

https://www.gov.uk/government/news/queens-speech-to-be-held-on-11-may

The Queen’s Speech will also confirm the continuation of a number of bills carrying over from this parliamentary year, including the Police, Crime, Sentencing and Courts Bill, the Environment Bill and the Armed Forces Bill. The Government has also already confirmed it will introduce legislation to improve the building safety regulatory regime, reform our asylum system and to repeal the Fixed-term Parliaments Act.

In light of the pandemic it is expected that the State Opening will be adapted, with reduced ceremonial elements and attendees to ensure it is COVID-secure.

The Government, Palace and Parliamentary Authorities, together with Public Health England, are working to develop these plans. The State Opening will involve significantly fewer MPs and peers in attendance, a reduced Royal Procession into the Lords Chamber and no diplomatic or non-parliamentary guests.

As is usual, the current session of Parliament will be prorogued ahead of the Queen’s Speech and this time will be used to enable logistical and security preparations for the State Opening of Parliament. The likely date of prorogation will be confirmed in due course.

A No 10 spokesperson said:

While we are still in the middle of a pandemic this Queen’s Speech will look quite different, but it is important we take forward our plans and deliver policies to improve the lives of people across the country through a new Parliamentary session.

We are working closely with Public Health England to ensure arrangements are COVID-secure.

The Queen’s speech in full follows ….

Categories
Trade

UK Overseas Trade in Goods, February 2021

HM Revenue & Customs (HMRC) collects the UK’s international trade in goods data for Non-EU and EU trade with the UK. These are published on a monthly basis and figures for February 2021 have recently been released. (13 April 2021).

UK overseas trade in goods statistics: February 2021

A summary document is available at:

UK Overseas Trade in Goods Statistics Commentary: February 2021


Summary

Total exports of goods for February 2021 were £26.8 billion.
This was up £5.7 billion (27%) compared with last month.

Total imports of goods for February 2021 were £35.3 billion. This was up by less than £0.1 billion (0.1%) compared with last month.

The UK was a net importer this month, with imports exceeding exports by £8.4 billion.

For EU trade the UK was a net importer this month, with imports exceeding exports by £4.7 billion.

For Non-EU trade the UK was a net importer this month, with imports exceeding exports by £3.7 billion.


Exports from the UK

EU Exports for February 2021 were £11.9 billion This was an increase of £4.3 billion (56%) on last month.

Non-EU Exports for February 2021 were £14.9 billion. This was an increase of £1.5 billion (12%) on last month.

The USA accounted for 12.7% (£3.4bn) per cent of the total value of goods exports from the UK. Switzerland had the second largest proportion accounting for 11.6% (£3.1bn) followed by Germany with 8.7% (£2.3bn), the Netherlands with 7.1% (£1.9bn) and France with 5.5% (£1.5bn). The top five export partners accounted for 45.6% of total exports in goods this month.


Imports to the UK

EU Imports for February 2021 were £16.6 billion. This was an increase of £1.8 billion (12%) on last month

Non-EU Imports for February 2021 were £18.7 billion. This was a decrease of £1.7 billion (8.5%) on last month.

China accounted for 14.1% (£5.0bn) of the total value of imports to the UK. Germany had the second largest proportion of the total value of trade, accounting for 12.1% (£4.3bn) followed by the USA 9.0% (£3.2bn) then the Netherlands 6.5% (£2.3bn) and Belgium 4.6% (£1.6bn). The top five partner countries accounted for 46.3% of total UK import value this month.


Data

Spreadsheets are available which show the figures in more detail.

UK overseas trade in goods statistics February 2021: import and export data

The following tables contain EU and Non-EU import and export data for February 2021.

UK overseas trade in goods statistics February 2021: imports

UK overseas trade in goods statistics February 2021: exports


Categories
Trade

UK Overseas Trade in Goods, January 2021

HM Revenue & Customs (HMRC) collects the UK’s international trade in goods data for Non-EU and EU trade with the UK. These are published on a monthly basis and figures for January 2021 have recently been released. (12 March 2021).

Note: Methodology Changes

From 31 December 2020, the free movement of people and goods and services between the UK and the EU ended. This means the way HMRC collects trade in goods statistics has changed, and statistics published from March 2021 onwards will reflect those changes.

UK to EU exports

Up to 31 December 2020, UK to EU export statistics were collected via the Intrastat statistical survey, which required traders to declare the value and volume of commodities exported to EU Member States within the relevant month of physical goods movement.

For goods moving from 1 January 2021, GB to EU export statistics will be compiled direct from customs export declarations made according to the requirements of the Taxation (Cross Border Trade) Act. The customs declaration requirements are more complex than the single monthly aggregated Intrastat return, and can result in differences between dates of declaration and actual movement of the goods out of the country.

The TIGS compilation methodology relies upon the acceptance date of the customs export declaration for its inclusion within the relevant month of account, rather than the declared physical movement date used from the
Intrastat survey.

Intrastat survey returns will, however, continue to be collected for goods exported from Northern Ireland to the EU, under the terms of the Northern Ireland Protocol.

Both the GB to EU customs export declaration data and NI Intrastat export (dispatch) data will be incorporated into the overall UK to EU export dataset.

As a result of the changes and differences outlined above, there will be a break in the timeseries for published UK to EU export statistics from January 2021. These will not be directly comparable to UK to EU export statistics published for previous months and years.

UK imports from EU

UK imports from EU statistics will not be impacted by any change in 2021. The Intrastat survey continues to operate for all UK (GB and NI) imports (arrivals) from the EU, to mitigate the effects of staging customs controls, and to comply with the Northern Ireland Protocol.

UK overseas trade in goods statistics: January 2021

A summary document is available at:

UK Overseas Trade in Goods Statistics Commentary: January 2021


Summary

Total exports of goods for January 2021 were £21.2 billion.
(This was DOWN £7.6 billion (26%) compared with last month, and down £7.1 billion (25%) compared with January 2020.)

Total imports of goods for January 2021 were £35.5 billion (This was down £9.2 billion (21%) compared with last month, and down £6.0 billion (14%) compared with January 2020.)

The UK was a net importer this month, with imports exceeding exports by £14.3 billion.

For EU trade the UK was a net importer this month, with imports exceeding exports by £7.3 billion.

For Non-EU trade the UK was a net importer this month, with imports exceeding exports by £7.0 billion.


Exports from the UK

EU Exports for January 2021 were £7.8 billion (This was a decrease of £5.8 billion (43%) on last month, and a decrease of £5.9 billion (43%) compared with January 2020).

Non-EU Exports for January 2021 were £13.4 billion. (This was a decrease of £1.8 billion (12%) on last month, and a decrease of £1.2 billion (8.1%) compared with January 2020.)

The USA accounted for 15.5% (£3.3bn) per cent of the total value of goods exports from the UK. Germany had the second largest proportion accounting for 7.8% (£1.6bn) followed by the Switzerland with 6.5% (£1.4bn), China with 6.0% (£1.3bn) and the Netherlands with 5.9% (£1.3bn). The top five export partners accounted for 41.7% of total exports in goods this month.


Imports to the UK

EU Imports for January 2021 were £15.1 billion. (This was a decrease of £7.4 billion (33%) on last month, and a decrease of £4.1 billion (21%) compared with January 2020.).

Non-EU Imports for January 2021 were £20.4 billion. (This was a decrease of £1.9 billion (8.3%) on last month, and a decrease of £1.8 billion (8.2%) compared with January 2020.)

China accounted for 13.5% (£4.8bn) of the total value of imports to the UK. Germany had the second largest proportion of the total value of trade, accounting for 10.2% (£3.6bn) followed by the USA 8.7% (£3.1bn) then the Netherlands 6.6% (£2.3bn) and Norway 4.4% (£1.6bn). The top five partner countries accounted for 43.4% of total UK import value this month.


Data

Spreadsheets are available which show the figures in more detail.

UK overseas trade in goods statistics January 2021: import and export data

The following tables contain EU and Non-EU import and export data for January 2021.

UK overseas trade in goods statistics January 2021: imports

UK overseas trade in goods statistics January 2021: exports


The Brexit affect on Trade?

UK Exports and Imports from the top 10 countries for January 2021