Exports of goods and services from the UK decreased 4.3 percent month-over-month to GBP 53.47 billion in April of 2019, dragged down by lower sales of goods (-8.4 percent) while those of services rose (0.9 percent). Within goods commodities, the largest declines were registered in shipments of machinery & transport equipment (-13.1 percent); miscellaneous manufactures (-10.7 percent); chemicals (-8.3 percent); crude materials (-10 percent) and food & live animals (-13 percent). Among major trading partners, exports of goods to the EU slumped 15.2 percent, namely to Germany (-3.9 percent), France (-17 percent), Ireland (-9.7 percent), the Netherlands (-13.1 percent) and Italy (-5.9 percent). Also, sales to non-EU countries dropped 1.5 percent, of which Hong Kong (-38.5 percent), Japan (-6.1 percent), the UAE (-39.6 percent) and Australia (-10.4 percent), but they rose to China (3.2 percent), India (8 percent), the US (4.7 percent). Exports in the United Kingdom averaged 24468.22 GBP Million from 1955 until 2019, reaching an all time high of 55858 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 54900.00 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 55900.00 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.