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The United Kingdom imports more services and goods from the European Union than it exports to it. Although this has been the case since at least 1999, after 2011, the UK-EU trade balance has been more pronounced, as the present statistic lays out. When it comes to the UK’s trade with non-EU countries, the picture is decidedly different. Since 2012, the value of UK exports to non-EU countries has been higher than the imports, resulting in a trade surplus.

The US is the biggest export market, but the EU weighs more heavily 

As of 2023, the UK’s largest export market was outside the European Union. Yet taken as a bloc, the European Union still accounts for a large chunk of the UK’s international trade. Among these, Germany, the Netherlands, and France rank as the main export partners of the UK.

UK-EU trade: most important commodities 

Machinery and transport equipment were the biggest trade commodities exported by the UK to the EU countries in 2020. The value of such exports was roughly **** billion British pounds. In the same year, the UK imported more machinery and transport equipment from the EU than it exported. In total, the UK imported approximately **** billion British pounds worth of such equipment.