UK: ONS – UK Goods Exports Grow by 3.1%

New ONS statistics reveal that UK goods exports grew at the second fastest rate of the top five major economies between 2017 and 2018.

UK exports continue to increase despite a challenging global outlook, new figures from the ONS reveal. On the whole British exports grew by 2.7% to £636bn.

International trade statistics for 2018 show that the UK is the second fastest growing goods exporter among the top five economies, just behind China. The latest ONS statistics show that UK good exports grew by 3.1% to £10.6bn in the year to January 2019.

Last year was challenging for the global trading environment which felt the impact of trade tensions between the USA and China and a significant slowing of growth in the Chinese economy which has led to reduced imports. The latter has had a significant impact on the Eurozone which is now predicted to grow by 1.6% for 2019.