31% rise in goods exports to the World since the EU Referendum

Goods exports have even risen by 28% to the EU

Montage © Facts4EU.Org

UK’s exporters continue to defy the doom merchants

The latest trade figures released by the Office for National Statistics (ONS) on Wednesday demolish Project Fear’s claims that UK exports would ‘fall off a cliff’. UK exports to the World have risen by 31% when comparing June 2023 with June 2016 (the month of the EU Referendum).

Facts4EU.Org in association with the umbrella organisation for many Brexit groups CIBUK.Org thought readers might want some good news at the end of this week. As the BBC will not provide it, we will.

Once again the UK’s exporters continue to defy the obstacles placed in their way by the EU - all of which makes awkward reading for Rejoiners.

Brexit Facts4EU.Org Summary

UK goods exports, 2016-2023

1. June 2023 world exports compared with June 2016

June 2016 : £24.1 bn
June 2023 : £31.5 bn
Percentage increase : 30.8%

[Source: Office for National Statistics, 13 Sept 2023.]

2. UK monthly goods exports to the EU, June 2016 (Referendum month) to June 2023

[Source: Office for National Statistics, 13 Sept 2023.]

Brexit Britain beats all the odds

Despite the EU's No.1 economy Germany having gone into recession, the EU is continuing to buy more from the UK than it has done since records began in 1979. Even allowing for inflation and for the increase in the price of energy products sold to the EU, the numbers are impressive.

Observations

Over the last seven years British truckers have had to contend with everything from Dutch Customs officials rejecting loads because “the wrong coloured ink” was used on the export forms, to French Customs officials being… well, particularly French.

Nonetheless the UK’s exporters have persevered and have clearly won through. We congratulate them all, especially the lorry drivers. We also congratulate the British companies increasing their export sales around the world, especially to the fast-growing markets outside the EU.

We searched in vain for this news on the BBC and therefore decided it was right to report on this. We hope readers will agree.

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

Brexit Facts4EU.Org, Fri 15 Sept 2023

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Reader Comments 10

1. LuxuryBalloon , Friday, September 15, 2023, 06:40:

I used the inflation calculator from the Bank of England. £24 in 2016 would now cost £31.35 in Jun 2023, in increase 30.6%.

2. Sparky , Friday, September 15, 2023, 06:41:

On the face of it, this is very positive. But the UK was still effectively in the EU until the end of December 2020.
.
Total exports June 2020 - £48.4bn.
Total exports June 2023 - £31.5bn.
.
The two periods are under very different circumstances, lockdown recovery 2020, global downturn 2023 but comparison of 2023 to 2016 is just gaslighting.

3. LuxuryBalloon , Friday, September 15, 2023, 07:11:

2 Sparky … according to the ONS report, Total exports in June 2020 were £22.8 bln.

4. terence patrick hewett , Friday, September 15, 2023, 09:59:

Rejoiniacs still persist with the fiction, that their motivation is purely financial, when it is common cause that their motivation is entirely political. They of course, have no other argument, other than the economic, since they dare not admit their real motivation. Europhiliacs will be defeated on both counts.

5. NH , Friday, September 15, 2023, 11:13:

The Bank of England inflation calculator uses UK consumer price inflation which is based on the cost of a UK basket of goods that consumers buy. Export inflation can be very different to this as our major exports are nothing like the items in the CPI. Export prices are based on local market demand and competitor prices. As many of the UK's major competitors have had much lower inflation (eg USA, China, South Korea, Japan, Switzerland etc) it's unlikely they will have experienced the same wage price increases as UK companies. The fact the UK exporters have manged to compete in this environment is very encouraging.
.
The trade agreement with the EU also resulted in some products being shipped directly into EU locations from Asia. When we were in the EU these were shipped to the UK and then reshipped to EU sales outlets. This mainly effected clothing and footwear which is manufactured in Asia. This did not effect the profitability of UK companies which are mainly design, specification and marketing companies it just added costs to EU consumers. However these sales no longer appear in the UK export figures.
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Which ever way I look at the UK's trade figures they are very encouraging. Especially when you consider the large number of headwinds UK companies have faced in recent times.

6. Andrew James , Friday, September 15, 2023, 11:26:

"The EU is continuing to buy more from the UK than it has done since records began in 1979." Whilst this is true, your should also point out that the UK is buying more form the EU than it has done since records began, Imports from the EU have also risen at the expense of imports from non-EU countries.

7. LuxuryBalloon , Friday, September 15, 2023, 11:54:

5 NH good point regarding applying CPI inflation to export data.

8. jon iivesey , Friday, September 15, 2023, 17:50:

6. Andrew James. Yes, you are saying that the trade balance is important. The contribution of trade to GDP is called "net trade" and it is (exports - imports). However, it is worth pointing out that increased exports result in higher employment in exporting industries, and those industries tend to be higher-tech. The idea that we only export pots of marmalade and boxes of shellfish is an urban legend. In reality, UK export are highly diversified and tend to be high end, such as aircraft engines, power generation, petrochemicals, pharmaceuticals, medical equipment, aerospace parts,rather than consumer goods you are likely to see on a supermarket shelf, hence the frequent complaint that people rarely "see" UK exports..
So increased exports grow the economy where we want it to grow, but perhaps not so much in shellfish, which is what Sparky tends to concentrate on.

9. Gazzablack , Friday, September 15, 2023, 19:17:

The UK manufacturing sector has climbed to 8th in world rankings, overtaking France in the process.
.
In 2015 29% of the food consumed in the UK originated from the EU
In 2023 that figure had dropped to 23%
In 2015 52% was sourced domestically, in 2023 that had risen to 58%
.
Preston based diving and sub-sea rescue equipment manufacturer SMP to provide it's submarine rescue system SRV-F mk3 to the Indonesian navy in a $100 million deal.

10. Gazzablack , Friday, September 15, 2023, 21:19:

Meanwhile in the EU
.
After a "frank and cordial exchange" the EU and Monaco ha s decided to end their efforts to negotiate an Association Agreement.
.
Another FTA they've failed at.
Quite the track record in recent years.

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