UK Overseas Trade in Goods, April 2020

Posted on 12th June 2020
Posted by Politicker
Posted in Trade
Tags: EU Exports, EU Imports, Exports, Imports

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 2020 have recently been released. (12 June 2020).

UK overseas trade in goods statistics: April 2020

A summary document is available at:

UK Overseas Trade in Goods Statistics Commentary: April 2020

Summary

Total exports of goods for April 2020 were £24.3 billion.

Total imports of goods for April 2020 were £30.5 billion.

The UK was a net importer this month, with imports exceeding exports by £6.2 billion.

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

For Non-EU trade the UK was a net importer this month, with imports exceeding exports by £2.5 billion.

Imports to the UK

EU Imports for April 2020 were £13.8 billion.

Non-EU Imports for April 2020 were £16.7 billion.

The USA accounted for 12.4% (£3.8bn) of the total value of imports to the UK. China had the second largest proportion of the total value of trade, accounting for 10.4% (£3.2bn) followed by Germany 10.2% (£3.1bn), the Netherlands 8.3% (£2.5bn) and Russia 5.8% (£1.8bn). The top five partner countries accounted for 47.1% of total UK import value this month.

Exports from the UK

EU Exports for April 2020 were £10.1 billion

Non-EU Exports for April 2020 were £14.2 billion.

Switzerland accounted for 14.9% (£3.6bn) per cent of the total value of goods exports from the UK. The USA had the second largest proportion accounting for 13.2% (£3.2bn) followed by Germany with 10.3% (£2.5bn), The Netherlands with 5.9% (£1.4bn) and the Irish Republic with 5.7% (£1.4bn). The top five export partners accounted for 50% of total exports in goods this month.