Exports of goods and services from the UK rose 0.4 percent from a month earlier to an all-time high of GBP 53.95 billion in November 2018, boosted by an 0.2 percent increase in sales of services while goods exports fell 0.3 percent. Within goods, decreases were recorded in exports of fuels (-9.4 percent), chemicals (-6.4 percent) and miscellaneous manufactures (-3.8 percent); while gains were seen in sales of material manufactures (5.1 percent), food & live animals (3.9 percent) and machinery & transport equipment (0.6 percent). Among major trading partners, exports of goods to the EU fell 1 percent, as sales decreased mainly to Germany (-3.4 percent), the Netherlands (-19.3 percent) and Italy (-1.6 percent). By contrast, sales to non-EU countries went up 0.4 percent, namely to Switzerland (44.4 percent), Hong Kong (16.2 percent) and Japan (1.4 percent). Exports were lower to the US (-3.5 percent) and China (-7.4 percent). Exports in the United Kingdom averaged 24147.08 GBP Million from 1955 until 2018, reaching an all time high of 53952 GBP Million in November of 2018 and a record low of 962 GBP Million in June of 1955.
Exports in the United Kingdom is expected to be 54400.00 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 55500.00 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.