Exports of goods and services from the UK surged 2.4 percent from a month earlier to GBP 54.38 billion in May 2019, recovering from a 4.6 percent drop in April. Sales of goods advanced 3.5 percent, boosted by machinery & transport equipment (7.9 percent), fuels (6.5 percent), material manufactures (5.1 percent), and miscellaneous manufactures (5.2 percent); while sales of chemicals plunged 11.8 percent. In addition, exports of services rose 1.1 percent. Among major trading partners, goods exports to the EU jumped 8 percent, mostly to Germany (7.9 percent), the Netherlands (17.7 percent), and Belgium (23.7 percent). By contrast, sales fell to France (-1.1 percent), Ireland (-2.1 percent), Spain (-1.2 percent), and Sweden (-8.6 percent). Exports to non-EU countries dropped 0.5 percent, in particular to the US (-2.3 percent), China (-6.6 percent), Japan (-0.7 percent), Singapore (-6.8 percent), and Canada (-11.3 percent). Exports in the United Kingdom averaged 24529.15 GBP Million from 1955 until 2019, reaching an all time high of 55669 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 55200.00 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 56200.00 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.