UK Exports and Imports, from EU and non-EU regions

 

UK Exports and Imports, from EU and non-EU regions.

We give a view into the worldwide distribution of UK exports and imports. The EU countries are separated since they will need new negotiations, and may be most affected by BRexit.
We use data in billions of British Pounds, for 2014.

Imports were 199 (47%) from non-EU, and 222 (53%) from the EU for a total of 421.

Exports were 164 (53%) from non-EU, and 147 (47%) from the EU for a total of 310.5.

The order of regions of export and import were remarkably similar, and will be listed by their ordering of imports. The order of EU countries were also similar, except for the Irish Republic, and will also be listed by their ordering of imports to the EU.

It’s expected with the dropping British Pound, that it will be easier for the UK to export products, and more costly to import products.

Worldwide Regions for Imports and Exports in Billions of British Pounds:

World Region:   Imports Non-EU;…… Exports Non-EU
Total Non-EU ……………………199…………… 164

Asia and Oceania……………….. 80…………….. 50
North America…………………… 44…………….. 44
W. Europe non-EU…………….. 34…………….. 29
Middle East and N. Africa…… 15.3…………… 18.6
Sub Saharan Africa…………….. 10.5……………. 6.9
Eastern Europe……………………. 7.8……………. 6.4
Latin America………………………………………….. 5.1

 

 
EU Countries for Imports and Exports in Billions of British Pounds:

Country:           Imports from;           Exports to
Total EU……………………. 222………………… 147

Germany…………………….. 60…………………. 31.6
Netherlands………………… 32…………………. 22.3
France………………………… 25…………………. 19.7
Belgium………………………. 21.6………………. 12.6
Italy……………………………. 16.7………………… 8.8
Spain………………………….. 13.3………………… 8.8
Irish Republic……………… 11.8……………….. 17.8
Poland…………………………. 7.7…………………. 3.8
Sweden………………………… 7.6…………………. 5.5

We note that there is a net negative balance of payments with each non-EU region, except for North America, where imports and exports are about equal.  The net non-EU balance of payments is a negative 65 billion pounds.

We not that there is similarly a net negative balance of payments with the leading EU countries, except for the Irish Republic, where there is a net positive 6 billion Pound balance of payments.  The net EU balance of payments is a  negative 75 billion Pounds.

The total balance of payments is a negative 140 billion Pounds.

Of course, I have to add California’s trade relation to Britain.  In 2014, California exported $5 billion to Britain, which was our 10th largest export country.  For imports to California, Britain ranked 17th with $3.8 billion.  Britain had the largest number of visitors to California, second to China, with 686,000, spending $905 million.  Thanks to the LA Times for this data.

 

About Dennis SILVERMAN

I am a retired Professor of Physics and Astronomy at U C Irvine. For a decade I have been active in learning about energy and the environment, and in lecturing and attending classes at the Osher Lifelong Learning Institute (OLLI) at UC Irvine.
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