Exports of goods and services from the UK rose 2.7 percent month-over-month to GBP 54.57 billion in March 2019, amid higher sales of goods (4.6 percent) and services (0.3 percent). Within goods commodities, main gains were recorded in shipments of machinery & transport equipment (1.6 percent); miscellaneous manufactures (12.6 percent); chemicals (0.9 percent); food & live animals (4.6 percent) and crude materials (12.3 percent). Among major trading partners, exports of goods to the EU advanced 3.5 percent, as shipments rose mainly to France (12.6 percent), Ireland (11 percent), Belgium (3.7 percent) and Italy (4.3 percent). Also, exports to non-EU countries increased 5.9 percent, namely China (20.4 percent), Hong Kong (57.5 percent), Japan (18.2 percent), India (18.5 percent), the UAE (21.9 percent) and Switzerland (5.3 percent). Exports in the United Kingdom averaged 24399.81 GBP Million from 1955 until 2019, reaching an all time high of 54565 GBP Million in March of 2019 and a record low of 962 GBP Million in June of 1955.
Exports in the United Kingdom is expected to be 54900.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in the United Kingdom to stand at 55900.00 in 12 months time. In the long-term, the United Kingdom Exports is projected to trend around 57700.00 GBP Million in 2020, according to our econometric models.