British exports hit record high

Imports and Exports | | MIC Customs Solutions |

The UK exported more products than ever before in the 12 months to April 2019.

New figures have shown that exports from the UK hit record levels in the 12 months to April 2019, despite global economic uncertainty and the confusion surrounding Brexit.

According to the Office for National Statistics (ONS), exports leaving British shores hit an unprecedented value of £645.8 billion (€723.8 billion), with demand from the US being the strongest driver of export growth.

Indeed, the US accounted for more than a third of the total increase in the value of exports, with £57.6 billion worth of products going there.

This was in excess of £20 billion more than went to Germany, Britain's second-largest export partner.

Looking at the world as a whole, British goods exports increased by £16 billion over the past year.

Secretary of state for international trade Dr Liam Fox said the new figures demonstrate the unique economic relationship between the UK and the US that allows businesses to prosper.

He also pointed out that this is testament to the resilience of the British economy, even in the most uncertain of times.

"I encourage exporters right across the country to use today's statistics as evidence that despite global headwinds, the most prosperous countries in the world are demanding British goods at unprecedented levels," Dr Fox concluded.

Last year, the largest export commodities of the UK were fuel, beverages and tobacco, material manufactures, food and live animals.

Gin in particular had a good year, with many of the businesses producing it experiencing a rise in demand for exports amid more interest from consumers.

Whether you're in the UK and want to trade elsewhere, or you're in Europe or further afield and wish to trade with Britain, MIC Customs Solutions can help.

We offer direct electronic communication with the British customs administration's system CHIEF and can also provide a range of products to help each business transaction run more smoothly.

Feel free to contact us for further information.