Exports of goods and services from the UK increased 0.9 percent from a month earlier to GBP 55.49 billion in August 2019, following a 3.0 percent jump in July. Exports of services rose 2.6 percent, while sales of goods fell 0.5 percent, dragged by fuels (-15.4 percent), chemicals (-8.9 percent) and crude materials (-1.9 percent). Meanwhile, increases were seen in exports of food (4.6 percent), machinery & transport equipment (2.3 percent), material manufactures (5.0 percent) and miscellaneous manufactures (5.5 percent). Among major trading partners, goods exports to the EU dropped 2.1 percent, in particular to Germany (-1.8 percent), Ireland (-1.4 percent), Italy (-5 percent) and Poland (-4.8 percent). Exports to non-EU countries went up 0.9 percent, mostly to China (13.1 percent), Switzerland (35.4 percent), Hong Kong (12 percent), Singapore (5.9 percent) and Canada (23.2 percent). Exports in the United Kingdom averaged 25055.23 GBP Million from 1955 until 2019, reaching an all time high of 56206 GBP Million in March of 2019 and a record low of 962 GBP Million in June of 1955.
Exports in the United Kingdom is expected to be 55500.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in the United Kingdom to stand at 56450.00 in 12 months time. In the long-term, the United Kingdom Exports is projected to trend around 57700.00 GBP Million in 2020, according to our econometric models.