Exports from the UK slumped 2% from the previous month to GBP 49.8 billion in August of 2021, following an upwardly revised 0.5% decrease in the previous month. It was the third straight decline in total exports as goods shipments plunged 4.6% while services sales went up 0.9%. Within goods, sales fell primarily for machinery & transport equipment (-12.2%), namely mechanical machinery and road vehicles amid ongoing supply chain issues, staff shortages across a number of industries because of self-isolation and a significant shortage of HGV drivers. Shipments also decreased significantly for fuels (-5.9%) and crude materials (-5.4%). Goods sales were down to both EU countries (-4.3%) and non-EU countries (-5%). source: Office for National Statistics
Exports in the United Kingdom averaged 26463.75 GBP Million from 1955 until 2021, reaching an all time high of 63845 GBP Million in December of 2019 and a record low of 962 GBP Million in June of 1955. This page provides - United Kingdom Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Exports - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Exports in the United Kingdom is expected to be 52700.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Exports is projected to trend around 54700.00 GBP Million in 2022 and 55600.00 GBP Million in 2023, according to our econometric models.