Andrea LeadsomOffice of the Rt Hon. Andrea Leadsom MPtrade, Free Trade Agreement, Office for National Statistics, ONS UK Trade, #DespiteBrexit, European Union, exports, imports

UK Trade

Andrea LeadsomOffice of the Rt Hon. Andrea Leadsom MPtrade, Free Trade Agreement, Office for National Statistics, ONS UK Trade, #DespiteBrexit, European Union, exports, imports
UK Trade

UK trade is continuing to boom, highlighting a demand abroad for UK goods and services around the world.

According to December 2018 figures released by ONS UK Trade, our total trade last year was £1,291 billion, up 2.5 per cent from the previous year. Our imports were £661.7bn (up 3.1 per cent) with our exports totalling £629.4bn (up 1.9 per cent). For goods, our trade totalled £838.8bn (up 3 per cent) and our services were £452.3bn (up 1.7 per cent).

Despite Brexit, our trade with the EU grew by 11.5 per cent and grew by 8.6 per cent with the rest of the world, demonstrating the opportunities that await us once we are able to sign free trade deals with our friends and allies worldwide, as well as the importance of UK trade to the rest of EU.

The number of GB businesses exporting totalled 235,800, an increase of 6.6 per cent on the year before, with 9.9 per cent of all non-financial GB businesses exporting goods.

We are the 5th largest economy in terms of the flow of outward foreign direct investment, with £1,313.3bn being invested, and the 3rd largest in the world for inward FDI, at a total of £1,336.5bn.

Our largest trading partner remains the United States (total trade of £183.2bn), followed by Germany (£134.9bn), the Netherlands (£85.7bn), France (£81.4bn) and China (£67bn).

It is clear that, three years on from the result of the referendum when we voted to leave the EU, businesses and investors around the world continue to have confidence in the UK as a leading market, and I am confident that – whether we leave with or without a deal from the EU – the UK will continue to survive and thrive, competing on a global stage.

 

EU ReformAndrea LeadsomOffice of the Rt Hon. Andrea Leadsom MPBrexit, EU Referendum, European Union, citizens rights, Theresa May, European Commission, Northern Ireland, Irish border, Republic of Ireland, Island of Ireland, Common Travel Area, Ireland, Free Trade Agreement, Multi Annual Financial Framework, March 2019, Belfast Agreement, Single Market, customs union, #DespiteBrexit, Facebook, small businesses, start-ups, MSD, Merck, Germany, France, Italy, Spain, foreign direct investment, City of London, Ed Sheeran, London

Brexit Update & More Good News

EU ReformAndrea LeadsomOffice of the Rt Hon. Andrea Leadsom MPBrexit, EU Referendum, European Union, citizens rights, Theresa May, European Commission, Northern Ireland, Irish border, Republic of Ireland, Island of Ireland, Common Travel Area, Ireland, Free Trade Agreement, Multi Annual Financial Framework, March 2019, Belfast Agreement, Single Market, customs union, #DespiteBrexit, Facebook, small businesses, start-ups, MSD, Merck, Germany, France, Italy, Spain, foreign direct investment, City of London, Ed Sheeran, London
Brexit Update & More Good News
EU ReformAndrea LeadsomOffice of the Rt Hon. Andrea Leadsom MPEuropean Union, EU Referendum, Brexit, #DespiteBrexit, UK Economy, OECD, Bank of England, economic forecast, United States, TheCityUK, exports, TransferWise, Monzo, Brexit Britain, China, tea, Liz Truss, Defra, Free Trade Agreement

Brexit Good News

EU ReformAndrea LeadsomOffice of the Rt Hon. Andrea Leadsom MPEuropean Union, EU Referendum, Brexit, #DespiteBrexit, UK Economy, OECD, Bank of England, economic forecast, United States, TheCityUK, exports, TransferWise, Monzo, Brexit Britain, China, tea, Liz Truss, Defra, Free Trade Agreement
Brexit Good News
EU ReformAndrea LeadsomOffice of the Rt Hon. Andrea Leadsom MPBrexit, #DespiteBrexit, UK Economy, EY, assets under management, London, City of London, Z/Yen, New York, Hong Kong, Singapore, Tokyo, Colliers International, Deutsche Bank, Siemens, 3D printing, Rolls-Royce, British Aerospace, Creative Industries Federation, John Kampfner, James Walker, Tate & Lyle, Gerald Mason, Brussels, European Union, EU Referendum, Standard Chartered, G7, China, India, Bangladesh, Indonesia, Nigeria, Pakistan, Vietnam, exports, trade, Australia, Brazil, Canada, Kenya, Mexico, New Zealand, United States, Liam Fox

Brexit Update

EU ReformAndrea LeadsomOffice of the Rt Hon. Andrea Leadsom MPBrexit, #DespiteBrexit, UK Economy, EY, assets under management, London, City of London, Z/Yen, New York, Hong Kong, Singapore, Tokyo, Colliers International, Deutsche Bank, Siemens, 3D printing, Rolls-Royce, British Aerospace, Creative Industries Federation, John Kampfner, James Walker, Tate & Lyle, Gerald Mason, Brussels, European Union, EU Referendum, Standard Chartered, G7, China, India, Bangladesh, Indonesia, Nigeria, Pakistan, Vietnam, exports, trade, Australia, Brazil, Canada, Kenya, Mexico, New Zealand, United States, Liam Fox
Brexit Update
EU ReformAndrea LeadsomOffice of the Rt Hon. Andrea Leadsom MPCHOGM, Commonwealth, Commonwealth Heads of Government Meeting, Brexit, Brexit Britain, London, CIty A.M., Lloyds Bank, European Union, Andreas Dombret, Deutsche Bank, Deutsche Bundesbank, Square Mile, City of London, Goldman Sachs, Lloyd Blankfein, small businesses, SME, Bibby Financial Services, HM The Queen, EU Referendum, Institute of Directors, Article 50, Norway, Canada, Australia, Justin Trudeau, Malcolm Turnbull, Theresa May, Steve Ciobo, Global Britain, exports, Office for National Statistics, Liam Fox

Brexit Good News

EU ReformAndrea LeadsomOffice of the Rt Hon. Andrea Leadsom MPCHOGM, Commonwealth, Commonwealth Heads of Government Meeting, Brexit, Brexit Britain, London, CIty A.M., Lloyds Bank, European Union, Andreas Dombret, Deutsche Bank, Deutsche Bundesbank, Square Mile, City of London, Goldman Sachs, Lloyd Blankfein, small businesses, SME, Bibby Financial Services, HM The Queen, EU Referendum, Institute of Directors, Article 50, Norway, Canada, Australia, Justin Trudeau, Malcolm Turnbull, Theresa May, Steve Ciobo, Global Britain, exports, Office for National Statistics, Liam Fox
Brexit Good News
DefraAndrea LeadsomOffice of the Rt Hon. Andrea Leadsom MPfarming, European Union, Free Trade Agreement, exports, food and drink, Environment Secretary, Department for Environment Food & Rural Affairs, apprenticeships, Sainsbury's, McCain, Moy Poy, animal welfare, food safety, food traceability

The Future for Farmers

DefraAndrea LeadsomOffice of the Rt Hon. Andrea Leadsom MPfarming, European Union, Free Trade Agreement, exports, food and drink, Environment Secretary, Department for Environment Food & Rural Affairs, apprenticeships, Sainsbury's, McCain, Moy Poy, animal welfare, food safety, food traceability
The Future for Farmers