UK overseas trade in goods January 2019

Trade

by Politicker on 20th March 2019

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 2019 have recently been released. (12 March 2019)

UK overseas trade in goods statistics: January 2019

A summary is provided in a document available at

UK overseas trade in goods statistics January 2019: commentary (odt)

Note: This document is in an OpenDocument format if you have difficulty in reading this format I have included a copy in pdf here

UK overseas trade in goods statistics January 2019: commentary (pdf)

Total exports of goods for January 2019 were £28.7 billion.

Total imports of goods for January 2019 were £46.2 billion.

The UK was a net importer this month, with imports exceeding exports by £17.6 billion.

For EU trade the UK was a net importer this month, with imports exceeding exports by £7.7 billion.

For Non-EU trade the UK was a net importer this month, with imports exceeding exports by £9.8 billion.

Imports to the UK

EU Imports for January 2019 were £22.8 billion.

Non-EU Imports for January 2019 were £23.4 billion.

Germany accounted for 12% (£5.7bn) of the total value of imports to the UK. USA had the second largest proportion of the total value of trade, accounting for 10% (£4.6bn) followed by China 10% (£4.5bn), Netherlands 8% (£3.7bn) and France 5% (£2.5bn). The top five partner countries accounted for 45% of total UK import value this month.

Exports from the UK

EU Exports for January 2019 were £15.1 billion

Non-EU Exports for January 2019 were £13.6 billion.

The USA accounted for 14% (£4.2bn) per cent of the total value of goods exports from the UK. Germany had the second largest proportion, accounting for 12% (£3.4bn), followed by France with 8% (£2.3bn), Netherlands with 7% (£2.1bn), and the Irish Republic at 6% (£1.8bn). The top five export partners accounted for 47% of total exports in goods this month.