Imports/Exports in the U.K.
The United Kingdom is one of the biggest actors of international trade. Trade represents almost 60% of its GDP. It is the world's second biggest exporter and the third biggest importer of commercial services, and the tenth biggest exporter and sixth biggest importer of goods. The United Kingdom's main trade partners are the European Union, the United States and China. The United Kingdom shows a trade deficit: after an improvement during the global recession, following a global drop in trade, the deficit has again worsened and this trend should continue in the coming years.
|Foreign Trade Indicators||2006||2007||2008||2009||2010|
|Imports of Goods (million USD)||601,424||622,897||632,975||482,852||557,530|
|Exports of Goods (million USD)||448,653||439,091||459,666||352,873||404,700|
|Imports of Services (million USD)||170,273||196,212||194,715||157,501||156,387|
|Exports of Services (million USD)||232,289||283,611||282,237||228,256||227,201|
|Imports of Goods and Services (Annual % Change)||9.1||-0.8||-1.2||-12.3||-|
|Exports of Goods and Services (Annual % Change)||10.7||-5.3||-||-||-|
|Imports of Goods and Services (in % of GDP)||31.6||29.8||31.8||30.0||-|
|Exports of Goods and Services (in % of GDP)||28.5||26.7||29.2||27.7||-|
|Trade Balance (million USD)||-140,658||-179,740||-173,457||-128,539||-|
|Trade Balance (Including Service) (million USD)||-78,470||-96,548||-88,827||-||-|
|Foreign Trade (in % of GDP)||60.2||56.5||61.0||57.7||-|
Source: WTO - World Trade Organization ; World Bank
Main Partner Countries
(% of Exports)
|United Arab Emirates||1.5%|
|Other partnersClose extended list||53.1%|
(% of Imports)
|Other partnersClose extended list||55.5%|
Exchange Rate System
- Exchange Rate Regime
- Independently floating
- Level of Currency Instability
|British Pound (GBP) - Average Annual Exchange Rate For 1 USD||0.55||0.54||0.50||0.54||0.64|
Source: World Bank
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