United Kingdom ExportsMay 2023 Data - 1955-2022 Historical - June Forecast

Exports of goods and services from the United Kingdom fell 1.8% to GBP 69.2 billion in September 2022, down from the previous month's record high of GBP 70.5 billion. Goods sales were down 4.7%, led by decreases in exports of machinery and transport equipment, as well as fuel, to the EU. Lower exports of mechanical machinery to Germany was the main contributor to reduced machinery and transport equipment exports. In addition, the fall in exports to non-EU countries was driven by a decline in sales of machinery and transport equipment and a fall in fuel exports. The fall in machinery and transport equipment was driven by reduced ship and aircraft exports to Qatar and Switzerland and mechanical machinery to the US. These decreases were partially offset by a rise in exports of material manufactures, led by increased exports of non-ferrous metals to the US, India and Hong Kong. Exports of services were little-changed at GBP 31.6 billion.

Exports of goods and services from the UK rose by 2.2% from a month earlier to a record high of GBP 68.2 billion in August of 2022, as goods sales advanced by 3.9%, driven by exports of machinery and transport equipment (5.1%), miscellaneous manufactures (8.5%) and fuels (3.4%) mainly to non-EU countries. Meanwhile, decreases were recorded for material manufactures (-6%), chemicals (-5.2%), crude materials (-6.9%) and food & live animals (-5%). Exports of services increased by 0.2%.

Exports of goods and services from the UK rose by 4.2% from a month earlier to GBP 61.05 billion in July of 2022, amid increases to both the EU (7.9%) and non-EU countries (6.4%). At the same time exports of services were up 0.6%. Within goods, sales grew primarily for machinery & transport equipment (7.1%), fuels (13%), material manufactures (7.1%), chemicals (5.9%), beverages & tobacco (10.4%) and food & live animals (7.1%).