Categories
Trade

UK Overseas Trade in Goods, December 2020

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 December 2020 have recently been released. (12 February 2021).

UK overseas trade in goods statistics: December 2020

A summary document is available at:

UK Overseas Trade in Goods Statistics Commentary: December 2020


Summary

Total exports of goods for December 2020 were £28.2 billion.

Total imports of goods for December 2020 were £44.8 billion.

The UK was a net importer this month, with imports exceeding exports by £16.5 billion.

For EU trade the UK was a net importer this month, with imports exceeding exports by £9.5 billion.

For Non-EU trade the UK was a net importer this month, with imports exceeding exports by £7.1 billion.


Imports to the UK

EU Imports for December 2020 were £22.5 billion.

Non-EU Imports for December 2020 were £22.3 billion.

Germany accounted for 12.3% (£5.5bn) of the total value of imports to the UK. China had the second largest proportion of the total value of trade, accounting for 11.8% (£5.3bn) followed by the USA 7.8% (£3.5bn) then the Netherlands 7.6% (£3.4bn) and Belgium 5.4% (£2.4bn). The top five partner countries accounted for 44.9% of total UK import value this month.


Exports from the UK

EU Exports for December 2020 were £13.0 billion

Non-EU Exports for December 2020 were £15.2 billion.

The USA accounted for 14.1% (£4.0bn) 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 Irish Republic with 8.4% (£2.4bn), the Netherlands with 6.2% (£1.7bn) and France with 5.8% (£1.6bn). The top five export partners accounted for 43.9% of total exports in goods this month.


Data

Spreadsheets are available which show the figures in more detail.

UK overseas trade in goods statistics December 2020: import and export data

The following tables contain EU and Non-EU import and export data for December 2020.

UK overseas trade in goods statistics December 2020: imports

UK overseas trade in goods statistics December 2020: exports


Categories
Trade

UK Overseas Trade in Goods, November 2020

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 November 2020 have recently been released. (15 January 2021).

UK overseas trade in goods statistics: November 2020

A summary document is available at:

UK Overseas Trade in Goods Statistics Commentary: November 2020

Summary

Total exports of goods for November 2020 were £29.2 billion.

Total imports of goods for November 2020 were £48.7 billion.

The UK was a net importer this month, with imports exceeding exports by £19.4 billion.

For EU trade the UK was a net importer this month, with imports exceeding exports by £8.5 billion.

For Non-EU trade the UK was a net importer this month, with imports exceeding exports by £10.9 billion.


Imports to the UK

EU Imports for November 2020 were £23.4 billion.

Non-EU Imports for November 2020 were £25.2 billion.

China accounted for 12.8% (£6.2bn) of the total value of imports to the UK. Germany had the second largest proportion of the total value of trade, accounting for 11.9% (£5.8bn) followed by the USA 8.4% (£4.1bn) then the Netherlands 7.4% (£3.6bn) and Belgium 4.8% (£2.3bn). The top five partner countries accounted for 45.3% of total UK import value this month.


Exports from the UK

EU Exports for November 2020 were £14.9 billion

Non-EU Exports for November 2020 were £14.3 billion.

The USA accounted for 14.3% (£4.2bn) per cent of the total value of goods exports from the UK. Germany had the second largest proportion accounting for 11.2% (£3.3bn) followed by the Irish Republic with 9.0% (£2.6bn), the Netherlands with 7.5% (£2.2bn) and France with 5.4% (£1.6bn). The top five export partners accounted for 47.4% of total exports in goods this month.


Data

Spreadsheets are available which show the figures in more detail.

UK overseas trade in goods statistics November 2020: import and export data

The following tables contain EU and Non-EU import and export data for November 2020.

UK overseas trade in goods statistics November 2020: imports

UK overseas trade in goods statistics November 2020: exports


Categories
Brexit Future Relationship

and finally ?

The United Kingdom finally left the 27-member European Union at 23:00 (GMT) on 31 January, just over four and half years after the UK public voted to leave the organisation in the 2016 Brexit referendum.

Officially, the UK left the EU on January 31 2020 but then entered a transition period during which the sides argued over a future relationship between the UK and the EU.

The UK-EU Trade and Cooperation Agreement treaty was agreed on Christmas Eve (24 Dec) and was accepted by MPs in the UK Parliament on Wednesday (30 Dec).

Under the new treaty, the UK will have tariff and quota free access to the EU’s single market, which means there will be no import taxes on goods crossing between the UK and EU member states.

Is this the end of it all or just the start of a new (long) chapter of further drawn out negotiations ??

Categories
UK-EU Trade Agreement

UK-Gibraltar-Spain agreement: December 2020

The recently agreed UK-EU Trade Agreement between the UK and the EU does not include Gibraltar.

The Chief Minister of Gibraltar, Hon Fabian R Picardo QC MP, made a statement regarding the future relationship with the EU “The New Year’s Eve ‘In-Principle’ Agreement: A Post Brexit Deal for Gibraltar 31 December, 2020

My dear fellow Gibraltarians,

This New Year’s Eve, we can look forward with expectation and hope. We believe we may now be able to re-set our relationship with Spain and cast it in a more positive light going forward. After many months of hard work, we have reached an in principle agreement with the United Kingdom and Spain.

The agreement is for a proposed framework for a UK/European Union Agreement or Treaty on Gibraltar’s future relationship with the EU. That agreement will govern the relationship between Gibraltar and the European Union in areas of EU competence. The British Ambassador in the UK Mission to the European Union has written to the President of the European Commission confirming the UK’s desire that such an agreement be negotiated and that the EU should seek a mandate for that purpose. Spain has confirmed that it has also now contacted the European Commission for that purpose.

Categories
UK-EU Trade Agreement

PM signs UK-EU Trade Agreement

Boris Johnson, Prime Minister of the UK, signs the recently agreed Trade Agreement between the UK and the EU.

In a statement (on twitter) he said:

By signing this deal, we fulfill the sovereign wish of the British people to live under their own laws, made by their own elected Parliament.