Exports
(asked on 3rd February 2022) - View Source
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, with reference to UK trade: November 2021, published 14 January 2021, that showed total export of goods, including precious metals, decreased by £0.3 billion in November 2021, what steps she is taking to reverse the reduction in the export of goods.
Since the beginning of 2020, aggregate global trade flows have been lower, driven by the COVID pandemic. However, provisional ONS data from 11th February shows a £1.1 billion (3.9%) increase in our goods exports in December 2021, compared to November 2021 (excluding precious metals). This includes a £1 billion (7.4%) increase in goods exports to the EU.
On a more stable annual basis, our goods exports (excluding precious metals) increased £14.5 billion (4.9%) in 2021, compared to 2020. Projections suggest that we will reach £1 trillion in exports annually by the mid-2030s.