Who are the UK's biggest trading partners?

The top five UK trading partners by total trade in goods, excluding unspecified goods in the first half (January to June) of 2020 were the United States (US), Germany, China, the Netherlands and France; they accounted for 46.0% of UK total trade in goods, excluding unspecified goods in this period.

Who is the UK largest trading partner?

Looking at individual countries, the US is the UK's largest trading partner. The UK exported £126 billion of goods and services to the US in 2020, 21% of all exports. This was just over two and a half times the value of UK exports to Germany, the UK's second largest export market (£49 billion).

Who are the major trading partners of UK?

Is the EU the UK's largest trading partner?

The EU is the UK's biggest trading partner, accounting for almost 50% of UK foreign trade in goods in 2019 (48.1%). The UK is the EU's third biggest trading partner (12.6%), after the United States and China.

How much of UK GDP is from EU?

In 2020, the UK's trade with the 27 member states of the European Union accounted for 49% of the country's exports and 52% of its imports. The service sector dominates, contributing 81% of GDP; the financial services industry is particularly important, and London is the second-largest financial centre in the world.

Who Does The UK Trade With Most? - Data Dive

What is the UK biggest import?

Which country does UK export the most to?

The United States was the leading country for exports from the United Kingdom in 2021, with 14.7 percent of all UK exports going to this market.

Which UK company exports the most?

What is England's main export?

Machinery and transport equipment was the most valuable export commodity for the United Kingdom in 2021, with an export value of more than 119 billion British pounds. Chemical exports were worth almost 54 billion pounds, while miscellaneous manufacturers were worth around 38.9 billion pounds.

What percentage of UK trade is with the EU?

The EU, taken as a whole is the UK's largest trading partner. In 2020, UK exports to the EU were £251 billion (42% of all UK exports). UK imports from the EU were £301 billion (50% of all UK imports).

Can the UK feed itself?

The UK is not self-sufficient in food production; it imports 48% of the total food consumed and the proportion is rising. Therefore, as a food-trading nation, the UK relies on both imports and a thriving agricultural sector to feed itself and drive economic growth.

What percentage of UK companies trade with the EU?

The government recently produced “indicative” estimates relating specifically to small and medium sized businesses (SMEs), estimating that 8% of all UK SMEs export to the EU, and a further 15% are in the supply chains of other businesses that export to the EU.

What is England's biggest industry?

The service sector of the economy as a whole is now the largest in England, with manufacturing and primary industries in decline. The only major secondary industry that is growing is the construction industry, fueled by economic growth provided mainly by the growing services, administrative and financial sector.

What does the UK buy from Russia?

In 2021 imports from Russia made up 4% of gas used in the UK, 9% of oil and 27% of coal. In 2021, imports of gas, oil and coal from Russian to the UK were worth a combined £4.5 billion. According to Eurostat, in 2020, imports from Russia made up 39% of the gas used in the EU, 23% of oil imports and 46% of coal imports.

What is the UK's biggest food export?

Exports of beef were up 80% year on year, and those of whisky, the UK's single-biggest food and drink export, were up almost 40% on 2019 to £1.2bn. Exports of chocolate (£201.5m) and gin (£164.1m) were the next biggest export categories.

Does the UK import or export more?

The UK generally imports more than it exports meaning that it runs a trade deficit.

What are England's main imports?

England's main imports are road vehicles and parts, food products, office machines and data processing equipment, electrical machinery, petroleum products, clothing and accessories, industrial machinery, textile yarn and fabrics, paper and paper products, and power-generating equipment.

What countries does the UK not trade with?

Does the UK import anything from Russia?

In November 2021 the top imports of United Kingdom from Russia were Gold (£1.31B), Refined Petroleum (£274M), Crude Petroleum (£85.7M), Platinum (£70.8M), and Nitrogenous Fertilizers (£18.8M).

What are the top five countries that import to the UK?

The UK's Global Top Import Partners

Other top import countries were Spain (£32.3 billion), Belgium (£29.1 billion), Italy (£24.8 billion), Ireland (£21.9 billion), Norway (£21.7 billion), Japan (£15.2 billion), Poland (£13.3 billion), and India (£12.5 billion).

What is London's biggest export?

Miscellaneous manufactured articles (including, for example, clothing, toys and games, works of art and antiques) was London's largest goods export product by value at £11.9 billion in 2015.

What products do UK import most?

Who is richer UK or France?

France stands at $2.7 trillion, the UK at $2.2 trillion, Italy at $2.1 trillion. If you count Russia as part of Europe, it slots into the table between us and the Italians.

What is the UK's biggest income?

The services sector—which comprises many industries including finance, retail, and entertainment—accounts for more than three-quarters of the U.K.'s GDP, while manufacturing and production account for less than 21%.