How much does the UK trade with China?
How much does the UK trade with China?
United Kingdom Imports from China was US$75.48 Billion during 2020, according to the United Nations COMTRADE database on international trade. United Kingdom Imports from China – data, historical chart and statistics – was last updated on December of 2021.
How much does UK export to China?
The UK exported over £23 billion of goods and services to China in 2018.
What is our balance of trade with China?
In 2020, China’s merchandise trade surplus amounted to around 535.4 billion U.S. dollars….Merchandise trade balance in China from 2010 to 2020 (in billion U.S. dollars)
| Characteristic | Trade balance in billion U.S. dollars |
|---|---|
| 2019 | 421.93 |
| 2018 | 350.95 |
| 2017 | 419.55 |
| 2016 | 509.71 |
What does the UK rely on China for?
The Times reports that active pharmaceutical ingredients needed to make painkillers, antibiotics and anti-viral drugs are among the 71 critical goods for which the UK relies heavily on Beijing for supplies, according to the Henry Jackson Society.
What goods does the UK export to China?
| United Kingdom Exports to China | Value | Year |
|---|---|---|
| Mineral fuels, oils, distillation products | $2.24B | 2020 |
| Machinery, nuclear reactors, boilers | $2.19B | 2020 |
| Pearls, precious stones, metals, coins | $1.95B | 2020 |
| Pharmaceutical products | $1.91B | 2020 |
What is Britains largest export to China today?
The Q1 2021 increase in exports to China was led by UK manufactured goods such as machinery and transport equipment achieving £1.8 billion (US$2.5 billion) in export value. Motor vehicles also performed well with exports of £1.05 billion (US$1.47 billion).
Does China still have a trade surplus?
The country’s customs agency said Sunday that exports totaled $300.2 billion, up 27.1% from a year ago. That was down from a 28.1% increase in September but still healthy. Imports came in at $215.7 billion, a 20.6% rise.
What is the UK’s trade with China?
In 2019: UK exports to China were worth £30.7 billion; imports from China were £49.0 billion, resulting in a trade deficit of -£18.3 billion. The UK had a small surplus with China on trade in services, outweighed by a deficit on trade in goods. China accounted for 4.4% of UK exports and 6.8% of all UK imports.
How did the UK’s underlying trade balance perform in 2020?
In the first half of 2020, the UK underlying total trade balance increased by £27.0 billion to £10.4 billion when compared with the same period in 2019. Imports and exports of both goods and services decreased during this period, with exports decreasing less than imports for both categories.
Where can I find the UK’s trade statistics?
The UK’s trade statistics are primarily provided by Office for National Statistics (ONS) releases including the ONS UK monthly trade, ONS UK quarterly trade in services by partner country, UK Balance of Payments as well as the ‘Pink Book’.
How much does the United Kingdom import from China?
China was the UK’s sixth largest export market in 2018, accounting for 4% of all UK exports of goods and services China was the UK’s fourth largest source of imports in 2018, accounting for 7% of UK imported goods and services. UK imports from China £4. 4. .
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