Exports of goods and services from the UK advanced 1 percent to an all-time high of GBP 53.38 billion in October 2018 from GBP 52.83 billion in the previous month. Exports of services rose 1.3 percent, and goods sales grew 0.8 percent boosted by exports of chemicals (11.6 percent), miscellaneous manufactures (2.5 percent) and food & live animals (1.5 percent). Among major trading partners, exports of goods to the EU went up 3 percent, as sales increased mainly to Germany (4.2 percent), the Netherlands (12.5 percent), France (8.9 percent) and Ireland (1.4 percent). By contrast, sales to non-EU countries fell 1.1 percent, namely to Hong Kong (-10.6 percent), the UAE (-9.1 percent), Switzerland (-4.3 percent), Canada (-30.2 percent), Turkey (-17.7 percent) and Australia (-11.2 percent). Exports were higher for the US (13.1 percent), China (5.7 percent), Japan (8.2 percent), South Korea (14.6 percent) and India (3.2 percent). Exports in the United Kingdom averaged 24037.19 GBP Million from 1955 until 2018, reaching an all time high of 53383 GBP Million in October 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.