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How much of UK exports are services?

Author

Chloe Ramirez

Updated on March 11, 2026

How much of UK exports are services?

This trend continued in 2018, with UK services exports to Europe accounting for 51.4% of the total. UK exports of services to Europe increased by 17.6% in 2018, from £80.9 billion in 2017 to £95.2 billion.

Thereof, does the UK export more goods or services?

They divide our trade between goods and services. Then they subdivide further into different kinds of goods and services. The chart on the left shows how much the UK exports, divided between goods and services. We export more goods than services, but the gap is narrowing.

Additionally, which countries does the UK export most to? Top 15

  • United States: US$72.6 billion (15.5% of total UK exports)
  • Germany: $46.6 billion (9.9%)
  • France: $31.2 billion (6.7%)
  • Netherlands: $30.3 billion (6.5%)
  • China: $30 billion (6.4%)
  • Ireland: $27.9 billion (5.9%)
  • Belgium: $16.8 billion (3.6%)
  • Switzerland: $15.5 billion (3.3%)

Also asked, how much of the UK economy is exports?

United Kingdom All Products Exports and Imports

United Kingdom exports of goods and services as percentage of GDP is 30.01% and imports of goods and services as percentage of GDP is 31.77%.

How much beef does the UK export?

The UK exported an average of over 156,000 tonnes of beef and other bovine products per year between 2013 and 2017, equating to an average value of £456 million. Over this period, exports to the EU accounted for an average of 82% of all exports.

What is UK's biggest export?

Searchable List of UK's Most Valuable Export Products
RankUK Export Product2019 Value (US$)
1Cars$38,517,179,000
2Turbo-jets$26,313,270,000
3Crude oil$23,712,222,000
4Gold (unwrought)$23,489,760,000

What does UK export the most?

The UK's top exports are mechanical machinery (14%); cars (10%); electrical machinery (8%); medicinal/pharmaceutical products (8%); crude oil (6%); aircraft (5%); other miscellaneous manufactures (5%); scientific/photographic (4%); and refined oil (3%).

Who is UK biggest trading partner?

Main points. The top five UK trading partners by total trade in goods, excluding unspecified goods in the first half (January to June) of 2020 were the United States (US), Germany, China, the Netherlands and France; they accounted for 46.0% of UK total trade in goods, excluding unspecified goods in this period.

What does the UK import most?

This statistic shows the main import commodities of the United Kingdom (UK) in 2018 in million GBP. This ranges from machinery and oil to food and chemicals. In this year, the largest imported commodity was machinery and transport equipment at approximately 183 billion British pounds.

Does UK import more than exports?

The UK generally imports more than it exports meaning that it runs a trade deficit. A deficit of £131 billion on trade in goods was partially offset by a surplus of £103 billion on trade in services in 2019. The overall trade deficit was £27 billion in 2019. Imports increased by 12.0% (both figures in cash terms).

How much does Germany export to UK?

Strong trade partnership

Germany is the UK's second largest export market for goods and services and second largest trading partner, accounting for more than 10.2 % of all UK trade in 2019 (ONS, 2019). During that period, total trade between the UK and Germany was worth £136 billion.

What does Germany export to the UK?

Germany exports to United KingdomValueYear
Vehicles other than railway, tramway$24.07B2019
Machinery, nuclear reactors, boilers$13.34B2019
Electrical, electronic equipment$6.61B2019
Pharmaceutical products$4.13B2019

What does US export to UK?

U.S. exports to United Kingdom account for 4% of overall U.S. exports in 2019. The top export categories in 2019 were: precious metal and stone (gold) ($14 billion), aircraft ($10 billion), mineral fuels ($7.4 billion), machinery ($6.2 billion), and electrical machinery ($4.6 billion).

Why is Britain so rich?

Britain's wealth boom has been driven mainly by rising house prices and pension entitlements, combined with rising home ownership in the 1980s and 1990s. People often think of Britain's wealth as being held in property and to an extent they are correct – at £4.6tn, it represents 36% of total wealth.

Is the UK a rich country?

It is the fifth-largest national economy in the world measured by nominal gross domestic product (GDP), ninth-largest by purchasing power parity (PPP), and twenty first-largest by GDP per capita, constituting 3.3% of world GDP.

How bad is the UK economy?

The UK economy will end this year 11% smaller than it was expected to. By 2025 GDP will still be 3% smaller than it was forecast to be pre-pandemic. Unemployment is going to hit 7.5% (up from 4.8% now). The UK's “economic emergency has only just begun”, said Sunak.

How much debt is the UK in?

1. Main points. General government gross debt was £1,876.8 billion at the end of the financial year ending (FYE) 2020, equivalent to 84.6% of gross domestic product (GDP), and 24.6 percentage points above the reference value of 60.0% set out in the protocol on the excessive deficit procedure.

Which is the richest country in the world?

Qatar

Why is the UK economy so strong?

Its quality of life is generally considered high, and the economy is quite diversified. The sectors that contribute most to the U.K.'s GDP are services, manufacturing, construction, and tourism. 4? It has unique laws like the free asset ratio.

What is the biggest industry in the UK?

Biggest Industries by Revenue in the UK in 2020
  1. Open-Ended Investment Company Activities in the UK. Revenue for 2020: $434.7B.
  2. Supermarkets in the UK.
  3. Pension Funding in the UK.
  4. Construction Contractors in the UK.
  5. Banks in the UK.
  6. New Car & Light Motor Vehicle Dealers in the UK.
  7. Hospitals in the UK.
  8. General Insurance in the UK.

Who does the UK export to?

Main points: The EU, taken as a whole is the UK's largest trading partner. In 2019, UK exports to the EU were £294 billion (43% of all UK exports). UK imports from the EU were £374 billion (52% of all UK imports).

How much is the UK worth 2020?

GDP in the United Kingdom is expected to reach 2280.00 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations.

Is the UK the 5th biggest economy in the world?

Britain is fifth-largest economy in world again after leapfrogging India. Britain has retaken fifth place in the rankings of the world's biggest economies despite suffering one of the deepest recessions in the pandemic.

What does the UK sell to other countries?

The UK exports to 160 nations. Data is for 2019, in millions of USD (United States dollars), as reported by International Trade Centre.

The following is a list of the exports of the United Kingdom.

#ProductValue (in millions of USD)
1Cars38,573
2Gas turbines26,385
3Crude petroleum23,673
4Gold23,316

Which EU countries export most to the UK?

Ireland was the UK's largest EU export market for other business services in 2019, accounting for 28% of the total, followed by Germany on 15%. Taken as a bloc, the EU accounted for 37% of UK exports of other business services, making it the UK's largest export market for other business services.

What do we export the most?

Services are the biggest US export, with total foreign sales of $778 billion last year. These are the service industries that bring in the most money: Travel and transportation: $236 billion. Finance and insurance: $76 billion.

How much does the UK import from France?

UK imports of trade goods from France were worth around 37.7 billion U.S. dollars in 2018.

Is the UK self sufficient in beef?

In 2019, the UK was 86% self-sufficient for Beef. Most of the beef that is imported comes in the form of fresh boneless beef, and the EU market is an important destination for cow beef for example. Exports tend to be at a lower price than imports.

Is the UK self sufficient in milk?

The UK is circa 77% self-sufficient when it comes to milk production (see Figure 1). Levels of future trade will depend on tariff levels for imports into the UK. Current WTO tariff levels for dairy products entering the UK from outside the EU are set at an average of 40%.

Is UK self sufficient in food?

The UK is not self-sufficient in food production; it imports 48% of the total food consumed and the proportion is rising. Therefore, as a food-trading nation, the UK relies on both imports and a thriving agricultural sector to feed itself and drive economic growth.

Does UK import beef?

The UK currently imports around 35 per cent of the beef and veal it consumes or around 250,000 tonnes annually. In 2015, over 90% of UK beef exports went to other EU countries. The UK currently imports around 35 per cent of the beef and veal it consumes or around 250,000 tonnes annually.

Does the UK export meat?

Exports account for about 17% of the UK meat processing industry's revenue with most coming from customers in France, Republic of Ireland and the Netherlands. Beef accounts for the largest share of export revenue at 40%, followed closely by lamb and sheep at around 36%, with pork bringing in around 20%.

Does UK import Brazilian beef?

EU imported $3bn worth of Brazilian beef from companies linked to deforestation. Last week we revealed that the UK imported £1bn-worth of Brazilian beef over five years from three companies linked to major annual deforestation in the Amazon.

How much beef is eaten in the UK?

In 2017, Pig meat was the most consumed red meat in the UK at approximately 1.7 million tons, followed by beef and veal at around 1.2 million tons.

Does the UK export lamb?

The UK's main market for lamb exports continues to be the EU, with over 90% of total UK sheep meat exports going there during 2019.

How much beef is imported to the UK from Brazil?

Currently, Brazil exports just 27,000 tonnes of beef annually to the UK, according to AHDB. Of that, 87% is processed products such as corned beef, with just 2% imported fresh or chilled, usually for high-end foodservice.

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