Exports of goods and services from the UK rose 1.2 percent to an all-time high of GBP 54.95 billion in September of 2018 from GBP 54.29 billion in the previous month. The increase was boosted by a 1.7 percent gain in exports of goods and a 0.6 percent rise in services. Among purchases of goods, higher shipments were recorded in machinery & transport equipment (6.3%), material manufactures (5.4%) and crude materials (2.5%). In contrast, external sales fell mostly for chemicals (-0.6%), fuels (-9.8%) and food & live animals (-0.5%). Among major trading partners, exports of goods to non-EU countries advanced 5.0 percent, primarily to the US (1.7%), Canada (33.4%), the UAE (13.5%) while fell mostly to China (-13.6%) and Hong Kong (-6.1%). Meantime, shipments to the EU countries fell 1.7 percent, as sales decreased mainly to France (-23.5%) and Belgium (-4.9%) but they rose to Germany (1.2%) and Netherlands (2.2%). Exports in the United Kingdom averaged 23996.86 GBP Million from 1955 until 2018, reaching an all time high of 54953 GBP Million in September of 2018 and a record low of 962 GBP Million in June of 1955.
Exports in the United Kingdom is expected to be 55100.00 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 56200.00 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.