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The following is a list of the exports of the United Kingdom. The UK exports to 160 nations. The UK is the fifth largest exporter. Data is for 2019, in millions of USD (United States dollars), as reported by International Trade Centre. Currently the top fifty exports are listed. #
UK Government: $86.9 billion. Bank of England: $0.015 billion. The economy of the United Kingdom is a highly developed social market economy. [26] [27] [28] It is the sixth-largest national economy in the world measured by nominal gross domestic product (GDP), ninth-largest by purchasing power parity (PPP), and twenty-first by nominal GDP per ...
Trade in GBP £ Millions Rank Country Imports to UK Exports from UK Total trade Trade balance -Total for non-EU: 345,533: 341,932: 642,726: 41,138 - European Union (Total) 341,002
The sluggish world market, which was at its weakest in the 1880s, was keenly felt in the export-reliant economy of the UK. British quinquennial export averages did not return to their pre-1873 levels (£235 million between 1870 and 1874) until 1895–99, slumping to £192 million in 1879.
In macroeconomics and international finance, a country's current account records the value of exports and imports of both goods and services and international transfers of capital. It is one of the two components of the balance of payments, the other being the capital account (also known as the financial account).
History. Manufacturing in the United Kingdom expanded on an unprecedented scale in the 19th century. Innovation in Britain led to revolutionary changes in manufacturing, the development of factory systems, and growth of transportation by railway and steam ship that spread around the world. [4] Its growth was driven by international trading ...
The Export Credits Guarantee Department ( ECGD ), branded as UK Export Finance ( UKEF ), is the export credit agency and a ministerial department of the Government of the United Kingdom . In 1920, UKEF had a maximum total exposure of just £26 million. Today, its maximum commitment stands at £50 billion.
UKTI was formed in May 1999 as British Trade International, comprising two parts: Trade Partners UK (for export promotion) and Invest UK (for inward investment - FDI).In October 2003, the former department name and two inner departments merged and became UK Trade & Investment to simplify the outward recognition of the organisation, and possibly to reduce confusion with the two departments.