H. Yoo
Research expert covering South Korea
Light Goods Vehicles in the United Kingdom - Statistics & Facts
The light goods vehicle market in the United Kingdom has been rattled by the pandemic and global chip shortage, as well as by the changes resulting from Brexit. Production of commercial vehicles in the United Kingdom hiked up in 2021, rising by some 11.3 percent year-over-year to some 73,600 units. This output increase was not enough to offset the drop recorded at the beginning of the COVID-19 pandemic, and 2021 production was close to six percent under the UK's 2019 production. Just over 51 percent of UK-produced commercial vehicles were exported. However, the share of exports decreased in 2021, partly due to new rules for trade with the European Union—one of the UK's main trade partners, which imported around 834 million euros worth of commercial vehicles and buses from the UK in 2021.
