UK Overseas Trade in Goods, March 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 March 2020 have recently been released. (13 May 2020).
A summary document is available at:
Total exports of goods for March 2020 were £28.8 billion.
Total imports of goods for March 2020 were £41.7 billion.
The UK was a net importer this month, with imports exceeding exports by £12.9 billion.
For EU trade the UK was a net importer this month, with imports exceeding exports by £8.2 billion.
For Non-EU trade the UK was a net importer this month, with imports exceeding exports by £4.8 billion.
Imports to the UK
EU Imports for March 2020 were £21.3 billion.
Non-EU Imports for March 2020 were £20.4 billion.
Germany accounted for 12.9% (£5.4bn) of the total value of imports to the UK. The USA had the second largest proportion of the total value of trade, accounting for 11.1% (£4.7bn) followed by the Netherlands 8.5% (£3.5bn), China 5.5% (£2.3bn) and Belgium 5.5% (£2.3bn). The top five partner countries accounted for 43.5% of total UK import value this month.
Exports from the UK
EU Exports for March 2020 were £13.1 billion
Non-EU Exports for March 2020 were £15.7 billion.
The USA accounted for 14.3% (£4.1bn) per cent of the total value of goods exports from the UK. Germany had the second largest proportion accounting for 10.1% (£2.9bn) followed by the Irish Republic with 6.1% (£1.8bn), France with 6.1% (£1.8bn) and the Netherlands with 5.9% (£1.7bn). The top five export partners accounted for 42.5% of total exports in goods this month.
Spreadsheets are available which show the figures in more detail.
The following tables contain EU and Non-EU import and export data for March 2020.