Exports of goods and services from the UK went up 0.1 percent month-over-month to GBP 54.79 billion in February 2019 as higher sales of goods (0.3 percent) were partly offset by a decline in services (-0.1 percent). Biggest gains were reported for shipments of machinery & transport equipment (2.3 percent); chemicals (1.7 percent); food & live animals (1.4 percent) and beverages & tobacco (3.6 percent). Meantime, declines were seen in miscellaneous manufactures (-2 percent); fuels (-6.3 percent) and crude materials (-2.1 percent). Among major trading partners, exports of goods to the EU rose 1.8 percent, as shipments advanced mainly to Germany (4.4 percent), Belgium (2.5 percent) and Spain (7.4 percent). Meanwhile, exports to non-EU countries fell 1.2 percent as increase in shipments to China (4.3 percent) and Hong Kong (7.8 percent) was not enough to offset a drop to US (-5.1 percent), Norway (-22.5 percent), India (-15.7 percent). Exports in the United Kingdom averaged 24342.29 GBP Million from 1955 until 2019, reaching an all time high of 54791 GBP Million in February 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.