UK Overseas Trade in Goods, June 2020

Posted on 17th August 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 June 2020 have recently been released. (12 August 2020).

UK overseas trade in goods statistics: June 2020

A summary document is available at:

UK Overseas Trade in Goods Statistics Commentary: June 2020

Summary

Total exports of goods for June 2020 were £24.9 billion.

Total imports of goods for June 2020 were £38.8 billion.

The UK was a net importer this month, with imports exceeding exports by £13.9 billion.

For EU trade the UK was a net importer this month, with imports exceeding exports by £5.6 billion.

For Non-EU trade the UK was a net importer this month, with imports exceeding exports by £8.3 billion.

Imports to the UK

EU Imports for June 2020 were £18.0 billion.

Non-EU Imports for June 2020 were £20.8 billion.

Germany accounted for 10.9% (£4.2bn) of the total value of imports to the UK. China had the second largest proportion of the total value of trade, accounting for 10.5% (£4.1bn) followed by the USA 8.7% (£3.4bn), the Netherlands 7.5% (£2.9bn) and France 4.5% (£1.7bn). The top five partner countries accounted for 42.1% of total UK import value this month.

Exports from the UK

EU Exports for June 2020 were £12.4 billion

Non-EU Exports for June 2020 were £12.5 billion.

The USA accounted for 13.5% (£3.4bn) per cent of the total value of goods exports from the UK. Germany had the second largest proportion accounting for 11.0% (£2.7bn) followed by France with 6.8% (£1.7bn), the Irish Republic with 6.6% (£1.7bn) and the Netherlands with 6.2% (£1.5bn). The top five export partners accounted for 44.1% of total exports in goods this month.