Exports of goods and services from the UK increased 1.1 percent from a month earlier to an all-time high of GBP 59.84 billion in November 2019. Goods shipments rose 2.2 percent, boosted by sales of unspecified goods including non-monetary gold (614.5 percent), and fuels (12.5 percent). By contrast, there were declines in exports of chemicals (-11.5 percent), material manufactures (-8.9 percent), machinery & transport equipment (-6.6 percent), and miscellaneous manufactures (-8.6 percent). Meanwhile, services exports fell 0.2 percent. Exports to countries outside the EU jumped 13.9 percent, supported by sales to China (66.2 percent), Switzerland (80.6 percent), Turkey (39.1 percent), and Singapore (4.6 percent). Still, exports were lower to the US (-12.0 percent), Hong Kong (-6.0 percent) and Japan (-7.7 percent). Exports to the EU dropped 10.9 percent, led by Germany (-8.1 percent), the Netherlands (-8.0 percent), France (-10.6 percent), and Ireland (-16.9 percent). Exports in the United Kingdom averaged 25322.90 GBP Million from 1955 until 2019, reaching an all time high of 59835 GBP Million in November of 2019 and a record low of 962 GBP Million in June of 1955. source: Office for National Statistics
Exports in the United Kingdom is expected to be 59900.00 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 62750.00 in 12 months time. In the long-term, the United Kingdom Exports is projected to trend around 58700.00 GBP Million in 2020, according to our econometric models.