Exports of goods and services from the UK decreased 1 percent month-over-month to GBP 52.62 billion in December 2018, as sales of goods fell 2.3 percent while those of services increased 0.7 percent. Within goods commodities, declines were mostly seen in shipments of fuels (-16.5 percent); machinery & transport equipment (-2 percent) and chemicals (-2.9 percent). In contrast, there were rises in exports of material manufactures (1.4 percent); unspecified goods (37.1 percent) and crude materials (0.2 percent). Among major trading partners, exports of goods to non-EU countries tumbled 4.8 percent while the ones to the EU rose 0.4 percent. Exports in the United Kingdom averaged 24202.94 GBP Million from 1955 until 2018, reaching an all time high of 53200 GBP Million in October of 2018 and a record low of 962 GBP Million in June of 1955.
Exports in the United Kingdom is expected to be 54400.00 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 55500.00 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.