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UK overseas trade in goods, August 2019

by Politicker 0 Comments

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 August 2019 have recently been released. (10 October 2019).

UK overseas trade in goods statistics: August 2019

A summary is provided in a document available at

UK Overseas Trade in Goods Statistics Commentary: August 2019

Summary

Total exports of goods for August 2019 were £27.7 billion.

Total imports of goods for August 2019 were £47.7 billion.

The UK was a net importer this month, with imports exceeding exports by £20.0 billion.

For EU trade the UK was a net importer this month, with imports exceeding exports by £7.4 billion.

For Non-EU trade the UK was a net importer this month, with imports exceeding exports by £12.6 billion.


Imports to the UK

EU Imports for August 2019 were £19.8 billion.

Non-EU Imports for August 2019 were £27.8 billion.

Germany accounted for 10.3% (£4.9bn) of the total value of imports to the UK. The USA had the second largest proportion of the total value of trade, accounting for 10.1% (£4.8bn) jointly with Switzerland 10.1% (£4.8bn) followed by China 8.3% (£4.0bn) and the Netherlands 6.8% (£3.2bn). The top five partner countries accounted for 45.6% of total UK import value this month.


Exports from the UK

EU Exports for August 2019 were £12.4 billion

Non-EU Exports for August 2019 were £15.2 billion.

The USA accounted for 16.7% (£4.6bn) per cent of the total value of goods exports from the UK. Germany had the second largest proportion, accounting for 10.0% (£2.8bn), followed by France with 6.6% (£1.8bn), China with 6.2% (£1.7bn), and the Irish Republic at 5.9% (£1.7bn). The top five export partners accounted for 45.6% of total exports in goods this month.


Spreadsheets are available which show the figures in more detail.

UK overseas trade in goods statistics August 2019: import and export data

The following tables contain EU and Non-EU import and export data for August 2019.

UK overseas trade in goods statistics August 2019: imports

UK overseas trade in goods statistics August 2019: exports

David Sassoli negotiating with John Bercow ?

EU Parliament President David Sassoli meets Speaker of the UK House of Commons John Bercow.

Is this how negotiations are being conducted ? An example of the EU dabbling in internal UK affairs perhaps.

“The European Parliament would support a request from the UK government to extend the withdrawal period in order to have time for a general election or a referendum.”

This was the message from European Parliament President David Sassoli during a meeting with Speaker of the UK House of Commons John Bercow in London. President Sassoli restated the position adopted by the European Parliament in September that an extension should be granted to allow time for either elections or a referendum.

“John Bercow and I fully agreed on the important role that our parliaments play in the Brexit process. There is also a common awareness that a disorderly exit of the United Kingdom from the European Union would be against the interests of British and European citizens.”

Statement by David Sassoli, President of the EU Parliament

David Sassoli, President of the EU Parliament, made a statement following his meeting with Prime Minister Boris Johnson on 9 October 2019.

I have just had a meeting with Prime Minister Johnson. I came here in the confident hope of hearing proposals that could take negotiations forward. However, I must note that there has been no progress.

As you know, a deal between the EU and UK requires not only a positive meaningful vote of the House of Commons, but also the European Parliament’s approval.

It is therefore important that the UK Prime Minister hears directly from the European Parliament on its approach to Brexit. I am grateful to Mr Johnson for giving me that opportunity.

Our approach is very straightforward. We think an orderly Brexit, the UK leaving with a deal, is by far the best outcome. The deal that we thought had been agreed with the UK last year was a text the EP could have supported. It resolved all the issues associated with the UK’s withdrawal from the EU. It provided certainty for citizens and businesses. It looked forward to a close future EU-UK relationship. As things stand, it remains the best possible agreement.

As I explained to Mr Johnson, the Parliament will not agree to a deal at any price. We will not agree to a deal that undermines the Good Friday Agreement and the peace process or compromise the integrity of our single market. This we made plain in our resolution adopted with a huge majority in September.

We have examined the UK proposals to replace the original backstop and our response is that these are a long way from something to which the Parliament could agree. In addition, they are not immediately operable.

Negotiations, I know, are continuing and the Parliament, through its Brexit Steering Group, is being kept fully informed by Michel Barnier of the progress on those talks.

There are two alternatives to a deal at this juncture: extension or no deal.

On an extension, the Parliament is open to this possibility, should there be a good reason or purpose for this. But requesting an extension is a matter for the UK and it is not my place to comment on the political controversies or legal issues that are being debated in the United Kingdom.

As far as no deal is concerned, we are very clear that this would be a very negative outcome. It will be economically damaging to both parties, in particular to the UK. It will have very serious consequences on the island of Ireland. It will increase uncertainty for business and above all for citizens. “No deal” would clearly be the responsibility of the UK government.

On citizens, we will continue to ensure that in all scenarios their rights are protected.

I do hope a no-deal outcome can be avoided, but if not, the EU has taken the necessary measures to prepare for this outcome.

I continue to place my faith in good sense and responsibility but among friends, duty demands that we tell each other the truth.

Thank you.

https://www.europarl.europa.eu/the-president/home/ep-newsroom/pageContent-area/newsroom/statement-by-david-sassoli-president-of-the-european-parliament.html

But what is the extension for ?

It looks increasing unlikely that any deal will ever be reached between the UK and the EU.

Scottish Government Overview of ‘No Deal’ Preparations

And in another publication today, 08 October 2019, the Scottish Government released details of their own no-deal planning.

Our preparation for ‘no deal’ Brexit and planning work to date, and proposed mitigations to deal with the impact on Scotland of a ‘no deal’ exit from the European Union.

https://www.gov.scot/publications/scottish-government-overview-no-deal-preparations/

The Scottish Government has consistently opposed the UK’s proposed departure from the EU, in line with the clear majority of votes in Scotland in the 2016 referendum.

At the same time, we have also been willing to seek compromise – for example, by suggesting that the UK at least remains part of the single market and customs union.

While the risk of a ‘No Deal’ exit remains, as a responsible Government, we are taking appropriate steps to mitigate its potential impacts. In doing so, we are seeking to protect Scotland from the worst impacts of No Deal.

This overview of our No Deal planning sets out, in clear terms:

o the potential impacts of ‘No Deal’

o the steps we are taking, or planning to take – to mitigate those impacts as far as we can

o the actions we are demanding of the UK Government to mitigate some of the impacts

We must also recognise that, whatever preparations we make in Scotland or action the Scottish Government and its partners may take, and indeed whatever the UK Government might do, it is simply not possible to avoid all the impacts of a ‘No Deal’ exit.

It remains possible that ‘No Deal’ can be avoided. But we need to prepare proportionately now, and be as ready as we can be in case the worst happens. This overview describes how the Scottish Government is preparing as best we can for a possible No Deal exit from the EU on 31 October.

Scottish Government Overview of ‘No Deal’ Preparations (pdf)

Scottish Government Overview of ‘No Deal’ Preparations (local copy pdf)

Scottish Government advice for businesses and the public

The Scottish Government and its Agencies have published a range of information to support businesses and individuals prepare for the UK leaving the EU without a deal.

Scottish Government – https://www.gov.scot/brexit
mygov.scot – https://www.mygov.scot/brexit
Scottish Enterprise – https://www.scottish-enterprise.com/prepare-for-brexit
PrepareforBrexit.scot – https://www.prepareforbrexit.scot

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