UK Overseas Trade in Goods, February 2020

Trade

by Politicker on 11th May 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 February 2020 have recently been released. (09 April 2020).

UK overseas trade in goods statistics: February 2020

A summary document is available at:

UK Overseas Trade in Goods Statistics Commentary: February 2020

Summary

Total exports of goods for February 2020 were £27.2 billion.

Total imports of goods for February 2020 were £39.0 billion.

The UK was a net importer this month, with imports exceeding exports by £11.8 billion.

For EU trade the UK was a net importer this month, with imports exceeding exports by £5.9 billion.

For Non-EU trade the UK was a net importer this month, with imports exceeding exports by £5.9 billion.

Imports to the UK

EU Imports for February 2020 were £19.4 billion.

Non-EU Imports for February 2020 were £19.6 billion.

Germany accounted for 12.8% (£5.0bn) of the total value of imports to the UK. The USA had the second largest proportion of the total value of trade, accounting for 11.2% (£4.3bn) followed by China 7.5% (£2.9bn), the Netherlands 7.1% (£2.8bn) and France 5.5% (£2.2bn). The top five partner countries accounted for 44.1% of total UK import value this month.

Exports from the UK

EU Exports for February 2020 were £13.5 billion

Non-EU Exports for February 2020 were £13.7 billion.

The USA accounted for 13.7% (£3.7bn) per cent of the total value of goods exports from the UK. Germany had the second largest proportion accounting for 11.9% (£3.2bn) followed by the Netherlands with 7.3% (£2.0bn), France with 6.9% (£1.9bn) and the Irish Republic with 5.6% (£1.5bn). The top five export partners accounted for 45.4% of total exports in goods this month.