UK Overseas Trade in Goods, May 2020

by Politicker

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 2020 have recently been released. (14 July 2020).

UK overseas trade in goods statistics: May 2020

A summary document is available at:

UK Overseas Trade in Goods Statistics Commentary: May 2020

Summary

Total exports of goods for May 2020 were £21.9 billion.

Total imports of goods for May 2020 were £29.7 billion.

The UK was a net importer this month, with imports exceeding exports by £7.9 billion.

For EU trade the UK was a net importer this month, with imports exceeding exports by £4.0 billion.

For Non-EU trade the UK was a net importer this month, with imports exceeding exports by £3.9 billion.


Imports to the UK

EU Imports for May 2020 were £13.6 billion.

Non-EU Imports for May 2020 were £16.1 billion.

China accounted for 12.5% (£3.7bn) of the total value of imports to the UK. The USA had the second largest proportion of the total value of trade, accounting for 10.8% (£3.2bn) followed by Germany 9.8% (£2.9bn), the Netherlands 8.53% (£2.5bn) and France 4.6% (£1.4bn). The top five partner countries accounted for 46.2% of total UK import value this month.


Exports from the UK

EU Exports for May 2020 were £9.6 billion

Non-EU Exports for May 2020 were £12.3 billion.

The USA accounted for 13.0% (£2.1bn) per cent of the total value of goods exports from the UK. Germany had the second largest proportion accounting for 9.7% (£2.1bn) followed by Switzerland with 8.0% (£1.8bn), The Irish Republic with 6.9% (£1.5bn) and the Netherlands with 6.1% (£1.3bn). The top five export partners accounted for 43.7% of total exports in goods this month.


Spreadsheets are available which show the figures in more detail.

UK overseas trade in goods statistics May 2020: import and export data

The following tables contain EU and Non-EU import and export data for May 2020.

UK overseas trade in goods statistics May 2020: imports

UK overseas trade in goods statistics May 2020: exports