Snapshot of the UK – How is your region doing internationally, compared with others?

Exports and imports of goods and services by UK nation and region vary enormously

Montage Facts4EU.Org 2023

Brexit Facts4EU.Org looks at the latest available data, to see how 'levelling up' is doing

Every few years the Office for National Statistics and the Dept for Business and Trade (DBT) analyse the data for imports and exports of goods AND services by region. On this Bank Holiday Monday we review how each region has been doing in terms of its international trade, as well as providing the data for the four component nations of the United Kingdom.

With the ‘Levelling Up’ strategy an integral part of the Government’s agenda, we thought readers might want to get a flavour of what the UK’s international trade looks like across the country.

Brexit Facts4EU.Org Summary

International trade in UK nations and regions, in 2021

1. The UK’s top export regions – goods and services – 2021

© Brexit Facts4EU.Org 2023 - click to enlarge

2. The UK’s regions by balance of trade – who is in surplus, who is in deficit?

© Brexit Facts4EU.Org 2023 - click to enlarge

3. International exports by each of the four nations of the United Kingdom

© Brexit Facts4EU.Org 2023 - click to enlarge

[Sources: ONS and Dept for Business and Trade.]

Note : The figures above relate to 2021, which are the latest available. The next set will not be released until summer 2024. They are merely a snapshot, not a time series, and we are using them to compare the regions and the nations.

Note to readers (even Brexiteers) who frequently criticise in the Comments section, we work off the official data provided from each source - and cite the sources. We welcome more members to the team to share the workload.

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International trade in UK nations and regions, in 2021

In 2021, all four UK nations had a total trade surplus driven by trade in services. Of the English regions, London, the North East and the South West also had a trade surplus in goods. London had the highest total trade surplus at £51.6 billion, driven by service exports in financial and insurance activities and information and communication industries, which exported £53.7 billion and £42.6 billion, respectively.

The South East had the largest trade deficit, driven by imports of goods at £93.1 billion, with the manufacturing industry accounting for £53.5 billion (57.5%) of this. The ONS also reports that car imports played a significant part.

Observations

Firstly, optimistic news. It's good to see that all four nations of the United Kingdom had a positive trade balance in 2021.

Nevertheless, it's clear that the UK as a whole has a long way to go if the Government is ever to make any progress on its 'levelling up' agenda. Yes, international trade is only one expression of the differences between regions (and nations) but it is an indicator.

We wish all our UK readers a relaxing Bank Holiday Monday.

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[ Sources: Office for National Statistics | Dept for Business and Trade ] Politicians and journalists can contact us for details, as ever.

Brexit Facts4EU.Org, Bank Holiday Monday, 28 Aug 2023

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