UK Overseas Trade Statistics for June 2021
HM Revenue & Customs (HMRC) has released the UK's overseas trade in goods statistics for June 2021.
UK Overseas Trade Statistics for June 2021
UK Trade Statistics
HM Revenue & Customs (HMRC) has released the UK's overseas trade in goods statistics for June 2021. These include the first draught estimates of trade in goods between the UK and countries within the EU, as well as countries outside the EU.
How are UK Trade Statistics Collected?
Following Brexit, HMRC have changed the way they collect trade in goods data and new statistics published from March 2021 onwards will reflect those changes.
UK to EU exports
Prior to 31 December 2020, UK to EU export statistics were collected via the Intrastat returns process, which required exporters to declare the products and values exported. Following Brexit (1 January 2021), the GB to EU export statistics are now collected directly from customs export declarations.
It should be noted that GB to Northern Ireland export statistics will continue to be collected via the Intrastat returns process, as agreed in the Northern Ireland Protocol.
UK imports from EU
The UK Government has stated:
UK imports from EU statistics will not be impacted by any change in 2021. The Intrastat survey continues to operate for all UK (GB and NI) imports (arrivals) from the EU, to mitigate the effects of staging customs controls, and to comply with the Northern Ireland Protocol.
June 2021: UK Overseas Trade Statistics
The following detailed UK trade statistics data has been collected and published by HMRC.
Summary of UK Trade Trends In June 2021
Total goods exports were £29.3bn:
- up by £1.5bn (5.5%) compared with May 2021
- up by £5.1bn (21%) compared with June 2020
Total goods imports were £44.6bn:
- up by £5.0bn (13%) compared with May 2021
- up by £5.8bn (15%) compared with June 2020
The UK was a net importer, with imports exceeding exports by £15.3bn, widening by £3.4bn on May 2021
EU and non-EU trade in goods
EU trade in goods in June 2021
EU exports were £15.8bn:
- up by £1.7bn (12%) compared with May 2021
- up by £3.8bn (32%) compared with June 2020
EU imports were £19.3bn:
- up by £2.2bn (13%) compared with May 2021
- up by £1.3bn (7.2%) compared with June 2020
For EU trade, the UK was a net importer, with imports exceeding exports by £3.5bn
Non-EU trade in goods in June 2021
Non-EU exports were £13.5bn:
- down by £0.2bn (1.3%) compared with May 2021
- up by £1.3bn (10%) compared with June 2020
Non-EU imports were £25.3bn:
- up by £2.8bn (12%) compared with May 2021
- up by £4.5bn (22%) compared with June 2020
For non-EU trade, the UK was a net importer, with imports exceeding exports by £11.8bn
Top UK Trading Partners
Top 5 trading partners by combined exports and imports value
| Country | Export value (£ billion) | Change since May 2021 (%) | Import value (£ billion) | Change since May 2021 (%) |
|---|---|---|---|---|
| USA | 3.5 | -7.0 | 4.1 | 12.4 |
| Germany | 2.7 | -5.1 | 4.8 | 11.6 |
| China | 1.1 | -24.5 | 5.0 | 10.3 |
| Netherlands | 2.0 | -3.5 | 2.7 | 18.4 |
| Belgium | 2.1 | 73.5 | 2.0 | 22.2 |
UK Exports: Top 5 Trading Partners
| Country | Value (£ billion) | Change since May 2021 (%) |
|---|---|---|
| USA | 3.5 | -7.0 |
| Germany | 2.7 | -5.1 |
| Belgium | 2.1 | 73.5 |
| Netherlands | 2.0 | -3.5 |
| Ireland | 2.0 | 24.2 |
UK Imports: Top 5 Trading Partners
| Country | Value (£ billions) | Change since May 2021 (%) |
|---|---|---|
| China | 5.0 | 10.3 |
| Germany | 4.8 | 11.6 |
| USA | 4.1 | 12.4 |
| Netherlands | 2.7 | 18.4 |
| Switzerland | 2.3 | 48.0 |
UK: Top Traded Commodities
Top 5 commodities by combined exports and imports value
| Commodity | Exports value (£ billions) | Change since Mat 2021 (%) | Imports value (£ billions) | Change since May 2021 (%) |
|---|---|---|---|---|
| Precious metals | 4.0 | 25.8 | 8.2 | 34.7 |
| Mechanical appliances | 4.2 | -0.5 | 5.2 | 14.3 |
| Motor vehicles | 2.3 | 0.0 | 4.0 | 9.0 |
| Electronic equipment | 1.7 | -1.1 | 3.6 | 12.6 |
| Mineral fuels | 1.5 | -17.9 | 3.2 | 8.9 |
UK: Top 5 Exported Commodities
| Commodity | Value (£ billion) | Change since May 2021 (%) |
|---|---|---|
| Mechanical appliances | 4.2 | -0.5 |
| Precious metals | 4.0 | 25.8 |
| Pharmaceutical products | 2.5 | 39.2 |
| Motor vehicles | 2.3 | 0.0 |
| Electronic equipment | 1.7 | -1.1 |
UK: Top 5 Imported Commodities
| Commodity | Value (£ billion) | Change since May 2021 (%) |
|---|---|---|
| Precious metals | 8.2 | 34.7 |
| Mechanical appliances | 5.2 | 14.3 |
| Motor vehicles | 4.0 | 9.0 |
| Electronic equipment | 3.6 | 12.6 |
| Mineral fuels | 3.2 | 8.9 |
Source of the Information: HM Revenue and Customs (HMRC)
If you would like more details, please call +44 (0) 118 932 8447 or email info@icsglobalservices.com
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