Frequent question: What percent of UK GDP is exports to EU?

What of UK GDP is exports?

In 2020, the UK’s trade with the 27 member states of the European Union accounted for 49% of the country’s exports and 52% of its imports.

Economy of the United Kingdom.

Statistics
GDP growth 1.3% (2018) 1.4% (2019) −9.9% (2020) 5.5% (2021e) 7.3% (2022e)
GDP per capita $46,344 (nominal; 2021 est.) $47,089 (PPP; 2021 est.)

Who is the UK’s biggest trading partner?

List of the largest trading partners of United Kingdom

Rank Country Total trade
Total for non-EU 642,726
European Union (Total) 614,980
1 United States 182,583
2 Germany 134,927

What is the UKS largest export?

From Us to the World – the UK’s Top Five Exports

  • Crude oil – £20.0bn. …
  • Pharmaceutical products – £26.3bn. …
  • Electrical machinery – £27.7bn. …
  • Cars – £32.7bn. …
  • Mechanical machinery – £48.5bn.

What percentage of UK GDP is imports?

United Kingdom exports of goods and services as percentage of GDP is 31.08% and imports of goods and services as percentage of GDP is 32.32%.

How much does the UK rely on China?

China accounted for 4.4% of UK exports and 6.8% of all UK imports. China was the UK’s sixth largest export market and fourth largest source of imports.

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What does the UK export to Germany?

In 2020, the United Kingdom’s main export commodity to Germany was aircraft, which had a value of 2.44 billion British pounds. Among other leading exports goods that went from the UK to Germany were crude oil, cars, medicinal and pharmaceutical products, and non-ferrous metals.

What is Europe’s biggest export?

The seven largest destination markets for EU exports of goods — the United States, the United Kingdom, China, Switzerland, Russia, Turkey and Japan — accounted for more than three fifths (61.0 %) of all EU exports of goods.

How much does UK export to France?

United Kingdom Exports to France was US$23.87 Billion during 2020, according to the United Nations COMTRADE database on international trade.