UK Overseas Trade in Goods, July 2020

Posted on 5th October 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 July 2020 have recently been released. (11 September 2020).

UK overseas trade in goods statistics: July 2020

A summary document is available at:

UK Overseas Trade in Goods Statistics Commentary: July 2020

Summary

Total exports of goods for July 2020 were £25.7 billion.

Total imports of goods for July 2020 were £40.6 billion.

The UK was a net importer this month, with imports exceeding exports by £14.9 billion.

For EU trade the UK was a net importer this month, with imports exceeding exports by £6.6 billion.

For Non-EU trade the UK was a net importer this month, with imports exceeding exports by £8.4 billion.

Imports to the UK

EU Imports for July 2020 were £18.8 billion.

Non-EU Imports for July 2020 were £21.9 billion.

Germany accounted for 12.2% (£4.9bn) of the total value of imports to the UK. China had the second largest proportion of the total value of trade, accounting for 11.6% (£4.7bn) followed by the USA 7.4% (£3.0bn), the Netherlands 7.1% (£2.9bn) and France 4.5% (£1.8bn). The top five partner countries accounted for 42.8% of total UK import value this month.

Exports from the UK

EU Exports for July 2020 were £12.2 billion

Non-EU Exports for July 2020 were £13.5 billion.

The USA accounted for 14.4% (£3.7bn) per cent of the total value of goods exports from the UK. Germany had the second largest proportion accounting for 10.1% (£2.6bn) followed by the Irish Republic with 6.6% (£1.7bn), the Netherlands with 6.5% (£1.7bn) and France with 6.5% (£1.7bn). The top five export partners accounted for 44.1% of total exports in goods this month.