Quick Answer: Who does UK Trade with?

Who does the UK currently trade with?

Main points. 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.

What is the UK’s main trade?

The UK exports to 160 nations. Data is for 2019, in millions of USD (United States dollars), as reported by International Trade Centre.

The following is a list of the exports of the United Kingdom.

# Product Value (in millions of USD)
1 Cars 38,573
2 Gas turbines 26,385
3 Crude petroleum 23,673
4 Gold 23,316

Who is the UK’s biggest export?

From Us to the World – the UK’s Top Five Exports

  • Crude oil – £20.0bn. …
  • Pharmaceutical products – £26.3bn. …
  • Electrical machinery – £27.7bn. …
  • Cars – £32.7bn. …
  • Mechanical machinery – £48.5bn.

How many countries does UK trade with?

Since Brexit, the UK has had the freedom to pursue its own trade deals. So far, it has signed trade deals and agreements in principle with 69 countries and one with the EU.

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Who has UK signed trade deals with?

As of July 2021, the United Kingdom has concluded three new trade agreements: with Japan; with its biggest trading partner, the EU; and with Australia.

Signed agreements.

Nation (s) Kenya
Signed 3 November 2020
Effective 1 January 2021
Treaty number Kenya No. 1 (2020)
Trade value (2019) £1.4bn ($1.91bn)

What is the UK biggest import?

Between June 2020 and June 2021, the United Kingdom imported over 157 billion British pounds worth of machinery and transport equipment goods, the most of any commodity in this year.

How does UK make money?

The sectors that contribute most to the U.K.’s GDP are services, manufacturing, construction, and tourism.

What does England import and export?

The volume of both the exports and the imports of the United Kingdom has grown steadily in recent years. Principal British exports include machinery, automobiles and other transport equipment, electrical and electronic equipment (including computers), chemicals, and oil.

Where do most UK exports go?

The United States was the leading country for exports from the United Kingdom in 2020, with 14.9percent of all UK exports going to this market.

Who does the UK import most from?

Leading import markets for trade in goods in the United Kingdom in 2020, by share of imports

Characteristic Share of total goods imported
Germany 13%
China 12.5%
United States 8.5%
Netherlands 8.3%

How much does the UK trade with the US?

United Kingdom is currently our 7th largest goods trading partner with $132.3 billion in total (two way) goods trade during 2019. Goods exports totaled $69.1 billion; goods imports totaled $63.2 billion. The U.S. goods trade surplus with United Kingdom was $5.9 billion in 2019.

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Who is UK biggest trading partner?

List of the largest trading partners of United Kingdom

Rank Country Total trade
Total for non-EU 642,726
European Union (Total) 614,980
1 United States 182,583
2 Germany 134,927

Is the UK a rich country?

It is the fifth-largest national economy in the world measured by nominal gross domestic product (GDP), tenth-largest by purchasing power parity (PPP), and twenty first-largest by GDP per capita, constituting 3.3% of world GDP. … In 2019, the UK was the fifth-largest exporter in the world and the fifth-largest importer.

Who is us biggest trading partner?

List of the largest trading partners of the United States

Rank Country/District Total Trade
World 3,888,236
European Union 717,902
1 China 635,364
2 Canada 581,584