UK exports to non-EU countries increase

The UK has seen an increase in the number of exports to non-EU countries, according to the latest figures from the Office for National Statistics (ONS).
With the UK due to leave the European Union (EU) on 31 October 2019, the number of countries outside of the EU that are importing British goods is growing twice as fast as exports to EU countries.
A significant portion of this growth is because of major non-EU partners such as China and the USA, with trade between the UK and USA reaching a record £200 billion.
The ONS figures have revealed that there was a 4.2 per cent increase in exports to non-EU countries, compared with a rise of only 1.6 per cent to EU member nations.
Exports of goods and services to the USA have increased by 9.3 per cent in the year ended June 2019, from £115.7 billion to £126.4 billion.
During the same period, demand for UK goods and services in China has also significantly increased, by13.9 per cent, from £20.8 billion to £23.7 billion.
International Trade Secretary, Liz Truss MP said: “Leaving the EU provides the UK with great opportunities to form closer relations with countries outside the EU bloc.
“Following my recent trips to the US and Japan, it is clear to see the potential that trading with our close friends across the world brings to the UK economy. Businesses are already making the most of opportunities such as the Rugby World Cup to take their products to market abroad.
“There is so much more to gain. When we leave the EU, we will open more of these markets up to help UK businesses seize the opportunities in front of them.”
For advice on matters relating to international trade, contact our expert team today.

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