Exports of goods and services from the UK increased 2.3 percent month-over-month to a record high of GBP 54.66 billion in January 2019. Sales of goods rose 4.1 percent while services were up only 0.1 percent. The biggest gains were recorded for: food & live animals (7.1 percent); beverages & tobacco (7.8 percent); crude materials (3.0 percent); fuels (7.6 percent); animal & vegetable oils & fats (11.4 percent); chemicals (12.4 percent); machinery & transport equipment (5.1 percent); and miscellaneous manufactures (5.7 percent). Meanwhile, sales of material manufacture declined 6.3 percent. Among major trading partners, exports of goods to non-EU countries edged up 3.9 percent and to the EU rose 4.3 percent. Exports in the United Kingdom averaged 24278.84 GBP Million from 1955 until 2019, reaching an all time high of 54662 GBP Million in January of 2019 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.