UK overseas trade in goods May 2019

Trade

by Politicker on 10th July 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 May 2019 have recently been released. (10 July 2019)

UK Overseas Trade in Goods Statistics May 2019

A summary is provided in a document available at

UK Overseas Trade in Goods Statistics Commentary: May 2019

Summary

Total exports of goods for May 2019 were £31.1 billion.

Total imports of goods for May 2019 were £40.5 billion.

The UK was a net importer this month, with imports exceeding exports by £9.4 billion.

For EU trade the UK was a net importer this month, with imports exceeding exports by £6.4 billion.

For Non-EU trade the UK was a net importer this month, with imports exceeding exports by £3.0 billion.

Imports to the UK

EU Imports for May 2019 were £20.5 billion.

Non-EU Imports for May 2019 were £20.0 billion.

Germany accounted for 12.8% (£5.2bn) of the total value of imports to the UK. The USA had the second largest proportion of the total value of trade, accounting for 9.7% (£3.9bn) followed by China 9.1% (£3.7bn), the Netherlands 7.0% (£2.9bn), and France 5.2% (£2.1bn). The top five partner countries accounted for 43.8% of total UK import value this month.

Exports from the UK

EU Exports for May 2019 were £14.1 billion

Non-EU Exports for May 2019 were £17.0 billion.

The USA accounted for 14.5% (£4.5bn) per cent of the total value of goods exports from the UK. Germany had the second largest proportion, accounting for 9.5% (£3.0bn), followed by the Netherlands with 6.3% (£2.0bn), France with 6.1% (£1.9bn), and China at 5.7% (£1.8bn). The top five export partners accounted for 42.1% of total exports in goods this month.