Brexit Britain increases its sales to the (non-EU) rest of the world

And we’re buying less from the EU, according to the latest official figures

Montage © Facts4EU.Org 2023

Facts4EU summarises yesterday’s positive trade report from the Office for National Statistics

Yesterday’s report from the ONS on the UK’s international trade once again made for interesting reading, although Rejoiners certainly will not like it.

In contrast to the continual narrative from the Rejoin campaigners putting down the prospects of Brexit Britain, the UK exported more to the rest of the world and less to the EU – and bought less from the EU. And the trade balance got stronger once again.

Brexit Facts4EU.Org Summary

UK international trade: April 2023

Total value of UK exports and imports of goods and services in current prices, chained volume measures and implied deflators.

The value of goods exports increased by £1.0 billion (3.4%) in April 2023
After removing the effect of inflation, exports of goods rose by a similar amount
Both imports and exports of goods displayed an increase in trade with non-EU countries
Trade with EU countries fell in April 2023
The UK sold 70% more to the US than to Germany - the EU's largest economy by far
The total trade in goods and services deficit narrowed by £12.6 billion to £12.3 billion in the three months to April 2023 compared with the three months to January 2023
The trade in goods deficit narrowed by £10.7 billion to £52.5 billion in the three months to April 2023
The trade in services surplus increased by £1.9 billion to £40.3 billion

[Sources: Office for National Statistics and HMRC, 14 June 2023.]

The US is by far our biggest customer

For years the British public has been told that exports to EU countries are essential, as if trade with non-EU countries was near-impossible.

In fact the United States has always been the UK’s major trading partner. In April we sold 70% more to the US than to Germany – the EU’s largest economy by far.

[Sources: Office for National Statistics and HMRC, 14 June 2023. UK trade in goods, Balance of Payments basis, seasonally adjusted, £ billion.]

Observations

Let's salute our exporters

As an independent trading nation with a global reputation, exports matter to Brexit Britain. Apart from securing jobs they improve our balance of payments which impacts positively on the value of sterling and reduces our costs of borrowing.

For decades the United Kingdom has been a services-driven economy and as regular readers know very well from our reports over the past seven years the EU Commission has admitted that “the Single Market does not work for services”.

There may be a lot that needs fixing in the UK, (as there is in most other countries), but at least our businesses are flourishing out there in the great wide world.

And we don’t need to become part of an EU superstate to achieve this.

We must get reports like this out there

Reports like the one above take far longer to research, write and produce than many people realise. If they were easy, readers would see other organisations also producing these daily. However, there’s little point in the Facts4EU.Org team working long hours, seven days-a-week, if we lack the resources to promote them effectively – to the public, to MPs, and to the media. This is where you come in, dear reader.

Facts4EU.Org needs you today

We are a 'not for profit' team (we make a loss) and any payment goes towards the actual work, not plush London offices, lunch or taxi expenses, or other luxuries of some organisations.

We badly need more of our thousands of readers to become members, to support this work. Could this be you, today? It's quick and easy, we give you a choice of two highly secure payment providers, and we do NOT ask you for further support if you pay once. We just hope you keep supporting us. Your membership stays anonymous unless you tell us otherwise.

Please don't assume that other people will keep us going - we don't receive enough to survive and we need your help today. Could you help us? We rely 100% on public contributions from readers like you.

If you believe in a fully-free, independent, and sovereign United Kingdom, please join now by clicking on one of the links below or you can use our Support page here. You will receive a personal, friendly ‘thank you’ from a member of our team within 24 hours. Thank you.

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

Brexit Facts4EU.Org, Thurs 15 June 2023

Click here to go to our news headlines

Please scroll down to COMMENT on the above article.
And don't forget to actually post your message after you have previewed it!

Something to say about this? Scroll down for reader comments

Since before the EU Referendum, Brexit Facts4EU.Org
has been the most prolific researcher and publisher of Brexit facts in the world.

Supported by MPs, MEPs, & other groups, our work has impact.

We think facts matter. Please donate today, so that we can continue to ensure a clean Brexit is finally delivered.

Any credit card user

Quick One-off

From £5 - £1,000

Monthly

From £3 per month

Paypal Users Only - Choose amount first

Quick One-off

Monthly

PLEASE NOTE IF YOU WOULD LIKE TO COMMENT : You can write your comment under any existing comments below. After you have clicked to preview your comment, you MUST then click on the CAPTCHA system and send you comment, for it to be published. Thank you!

Reader Comments 5

1. Ashley Great Britain , Thursday, June 15, 2023, 07:31:

I thought I would get in before sparky.
-
This is good news. The Uk economy needs to go hammer and tongs on exporting to as many places as possible.
Services are one thing, But the UK needs to produce and export more.
It's good to see things going in the right direction.
If only we didn't have the rejoiner blob holding us back.

2. Gazzablack , Thursday, June 15, 2023, 16:10:

Spanish bank Alantra has given a vote of confidence to London by switching it's investment banking HQ to the city.
.
.
Reshoring
.
British connected street lighting and smart city applications manufacturer Telensa shifted production from Asia to the UK.
.
McLaren reshored chassis production from Austria to the UK.
.
Production of the next generation MINI convertible is being transferred to the UK from the Netherlands
.
Sustainable clothing company Zen Beach moves it's production from China to Cornwall
.
Manufacturing company Albert Jagger has reshored it's Antiluce fastener range back to the UK from China
.
Britten-Norman is reshoring whole aircraft manufacture from Eastern Europe to the UK.
.
US VC giant Andreessen Horowitz - which has $35 billion in assets under management - is to open it's first international office in London, led by one of the firm's General partners, Sriram Krishnan
.
A number of Chinese car manufacturers have been in discussions about the possibility of manufacturing in the UK.

3. Ashley Great Britain , Thursday, June 15, 2023, 16:50:

2 Gazzablack.
I didn't know any of that so thanks. We were assured by the blob that none of those things would be possible with a vote to leave.I would say its only the beginning.

4. Mick , Thursday, June 15, 2023, 17:19:

Good news indeed, strange that our media is so quiet about it...

5. Gazzablack , Thursday, June 15, 2023, 22:33:

3, Ashley & 4, Mick
Not so strange really
It's because neither the Blob nor the MSM want people to know this.
.
They can't persuade us that there are only negatives to Brexit if they have to concede that there are any (Never mind many) gains.
.
A late addition to the list above:
Italian owned Eurostampa is building a new £30 million factory in Cumbernauld Lanarkshire, the largest single investment in the family run packaging firm's 75 year history.
.
If you want to keep up to date on what's Happening I can recommend the following on Twitter
Gullyfoyle#uktrade
Alliance of British Entrepreneurs
Jefferson_MFG
BrexitLeo. - He's French by birth, British by love.
Catherine McBride
Steve Loftus. - for a "UK waters megathread"
DebateFacts - again for analysis on water quality
.
And the factoryNow website is well worth a look

Add comment:

Please note: Your email address is never published unless you choose to enter it.