About
- Overview In July 2022 London exported £189M and imported £2.13B, resulting in a negative trade balance of £1.94B.
- Trade In July 2022, the top exports of London were Scrap Iron (£28.5M), Gas Turbines (£13M), Cars (£10.4M), Cleaning Products (£6.36M), and Hard Liquor (£5.32M).
What are UK’s major exports?
Biggest Exporting Industries in the UK in 2022
- Precious Metals Production in the UK.
- Aircraft, Engine & Parts Manufacturing in the UK.
- Motor Vehicle Manufacturing in the UK.
- Pharmaceutical Preparations Manufacturing in the UK.
- Petroleum Refining in the UK.
- Crude Petroleum & Natural Gas Extraction in the UK.
What are the top 5 exports of the UK?
United Kingdom’s Top 10 Exports
- Electrical machinery, equipment: $26.4 billion (5.7%)
- Pharmaceuticals: $23.3 billion (5.1%)
- Optical, technical, medical apparatus: $20.4 billion (4.4%)
- Aircraft, spacecraft: $13.9 billion (3%)
- Plastics, plastic articles: $12.3 billion (2.7%)
- Organic chemicals: $11 billion (2.4%)
What is England famous for exporting?
Principal British exports include machinery, automobiles and other transport equipment, electrical and electronic equipment (including computers), chemicals, and oil. Services, particularly financial services, are another major export and contribute positively to Britain’s trade balance.
What is London’s biggest import?
United Kingdom’s Top 10 Imports
- Gems, precious metals: US$82.6 billion (12% of total imports)
- Machinery including computers: $79.2 billion (11.5%)
- Mineral fuels including oil: $69.9 billion (10.1%)
- Vehicles: $63.7 billion (9.2%)
- Electrical machinery, equipment: $60.9 billion (8.8%)
- Pharmaceuticals: $26.9 billion (3.9%)
Who is the UK’s biggest exporter?
The UK is the fifth largest exporter. Data is for 2019, in millions of USD (United States dollars), as reported by International Trade Centre.
The following is a list of the exports of the United Kingdom.
| # | Product | Value (in millions of USD) |
|---|---|---|
| 1 | Cars | 38,574 |
| 2 | Gas turbines | 26,385 |
| 3 | Crude petroleum | 23,673 |
| 4 | Gold | 23,316 |
What is UK famous for producing?
England is a highly industrialised country. It is an important producer of textiles and chemical products. Although automobiles, locomotives, and aircraft are among England’s other important industrial products, a significant proportion of the country’s income comes from the City of London.
What is the UK’s top 3 imports?
Biggest Importing Industries in the UK in 2022
- Precious Metals Production in the UK. Imports for 2022: $61.8B.
- Motor Vehicle Manufacturing in the UK. Imports for 2022: $28.6B.
- Aircraft, Engine & Parts Manufacturing in the UK. Imports for 2022: $20.8B.
- Clothing Manufacturing in the UK.
- Petroleum Refining in the UK.
What is Britain’s biggest industry?
services industries
The UK’s economy is dominated by services industries. These include retail, hospitality, professional services, business administration and finance. In 2021, services industries contributed £1.7 trillion in Gross Value Added (GVA) to the UK economy, 80% of total UK GVA.
What are the top 10 UK exports?
What are the top 10 UK exports?
- Precious metals production – £22.8 billion.
- Aircraft parts – £17.3 billion.
- Motor vehicles – £14.6 billion.
- Pharmaceuticals – £13.2 billion.
- Refined petroleum – £8.8 billion.
- Natural gas and crude petroleum – £7.4 billion.
- Jewellery – £5.5 billion.
- Clothing – £4.5 billion.
What is England’s biggest food export?
whiskey
Leading food and drink product exports in the United Kingdom (UK) 2021, by value. The leading food or drink product exported from the UK in 2021 was whiskey by far. The export value of whiskey reached 4.6 billion British pounds that year.
What was England’s main trade?
Wool had been England’s main export for centuries. In about 1585 the European market for this and every other commodity shifted from Antwerp to Amsterdam, which became the mercantile centre of the world.
Who trades most in London?
United States
Notes:
| First half of 2019 | ||
|---|---|---|
| United States | 7114.2 | 19186.0 |
| China | -13607.8 | 1399.0 |
| Germany | -15253.4 | 978.0 |
| Netherlands | -9013.5 | 4208.0 |
How does London contribute to trade?
56% of Britain’s financial service exports (not including insurance and pension services) derive from London, further emphasising the sector’s importance to the UK’s trade fortunes: as Fiona’s blog highlighted last week, the UK’s financial services account for over one-fifth of global trade in that sector.
Who is the biggest importer of UK?
China
In 2021, the UK imported £63.6 billion of goods from China. This accounted for 13.3% of all goods imports, making China our largest importing partner.
Where does UK export to the most?
List of the largest trading partners of United Kingdom
| Rank | Country | Exports from UK |
|---|---|---|
| – | Total for non-EU | 341,932 |
| – | European Union (Total) | 273,978 |
| 1 | United States | 112,217 |
| 2 | Germany | 56,818 |
What is the UK self sufficient in?
According to Eustice the UK is: ’86 per cent self-sufficient in beef, fully self-sufficient in liquid milk and produce more lamb than we consume. We are close to 100 per cent self-sufficient in poultry, eggs, carrots and swedes.
What is London known for producing?
Some large British cities were known primarily for one industry, like Manchester’s textile production. London, however, was home to a diverse set of industries including garment, furniture, and jewellery making.
What goods are produced in London?
In both new and old sectors, London’s manufacturing base rested on industries producing consumer goods (rather than intermediate and capital goods) such as leather products, clothing, timber and furniture, food and drink, pharmaceuticals, and specialized goods as well as products generated by printing and publishing,
What are the main industries in London?
The economy of London is dominated by service industries, particularly financial services and associated professional services, which have strong links with the economy in other parts of the United Kingdom (UK) and internationally.
What does UK buy the most?
In 2021, the United Kingdom imported almost 157 billion British pounds worth of machinery and transport equipment goods, the most of any commodity in this year.