UK goods exports rose 11% in August, in real terms. (Shhh – Don’t tell the BBC)

Somehow UK exporters continue to sell – EU exports up by 13% (real terms) on previous month

Montage © Facts4EU.Org 2024

A Facts4EU.Org snapshot of the latest positive trade data for Brexit Britain

On Friday (11 Oct 2024) the Office for National Statistics released its trade figures for August this year. These showed that total UK goods exports increased by £3.1 billion in August 2024 (+10.8% month-on-month), after the effect of inflation was removed.

Exports to both EU and non-EU countries rose substantially in both value and inflation-adjusted terms in August. Below we summarise the results, for those readers who still rely on the BBC for their news.

Brexit Facts4EU.Org Summary

UK goods exports, last four years, 2021 – 2024

[Source: Office for National Statistics, 11 Oct 2024, inflation adjusted, seasonally adjusted.]

1. UK goods exports to the EU

August 2021 : £15.7bn
August 2024 : £16.3bn (real terms increase of 3.8%)

2. UK goods exports to the rest of the world

August 2021 : £15.2bn
August 2024 : £15.9bn (real terms increase of 4.6%)

3. Brexit has proved no barrier to selling to the EU

Share of UK goods export market, August 2021 : 50.7%
Share of UK goods export market, August 2024 : 50.6%

We get the messages out there but if you want us to keep doing work like this,
please support us with a small (or large!) gesture, or we will have to cut back dramatically.

Every few pounds helps to keep us fighting for Brexit,
and for independence, sovereignty, democracy and freedom.

Please help us today if you can – it takes just two minutes and your details are kept confidential.

Goods exports generally – What are we selling, and to whom?

Exports to the EU increased by £1.4 billion (10.1%) in August 2024. This increase was because of a £0.6 billion rise in machinery and transport equipment exports and a £0.4 billion rise in chemical exports.

The rise in exports of machinery and transport equipment was because of increased exports of aircraft to Germany. The rise in chemical exports was because of increased exports of medicinal and pharmaceutical products to Belgium and Germany.

Exports to non-EU countries increased by £1.5 billion (10.4%) in August 2024. This was because of a £0.8 billion rise in exports of material manufactures, a £0.6 billion rise in exports of machinery and transport equipment, and a £0.3 billion rise in chemical exports.

The rise in exports of material manufactures was because of increased exports to India. The rise in exports of machinery and transport equipment was because of increased exports of mechanical machinery to China. The rise in chemical exports was because of increased exports of inorganic chemicals to the United States.

All trade figures in our report exclude non-monetary gold (NMG) and other precious metals. This is because movements in NMG, an important component of precious metals, can be large and highly volatile, distorting underlying trends in goods exports and imports.

Observations

It never seems to matter which trade figures we publish, Rejoiners always claim we have been selective in the date ranges we show. They seem to particularly dislike trade figures which show any good news for Brexit Britain.

In today’s report we have simply taken the four-year date range from the release by the ONS on Friday. If Rejoiners have a problem with this, they should address their criticisms to the ONS, not us.

The Facts4EU.Org site and its activities such as conferences, TV & video interviews, forums, etc, are :-

Advert-free : no annoying distractions or ‘pop-ups’
Paywall-free : Reading our news and reports does not require you to sign up and pay
Merchandising-free : We don’t try to sell you t-shirts or coffee mugs advertising us
Sponsorship-free : No corporate sponsorship funds our reports – we’re independent
We’re funded by donations from you – the public

The content :-

Unique, original, well-researched reports
No ‘re-hashing’ of articles you’ll read elsewhere
Based on official data, statements and reports, analysed by us
Transparent sources : Whether it’s the EU Commission, the ONS, or the IMF, we state where we obtained our data
We rely solely on donations from you – the public - to keep us going

NOTICE : Facts4EU has now scaled back to publishing 5 days-a-week

For over eight years we have worked seven days-a-week. As far as we are aware we are the only organisation of our type to have done this. We are grateful to those of our readers who have made donations but sadly the level of our funding is now such that we must make it stretch for as long as we can. This means team members taking other paid work and reducing our output to five days-a-week.

Please, please help us to carry on our vital work in defence of independence, sovereignty, democracy and freedom by donating today. Thank you.

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

Brexit Facts4EU.Org, Wed 16 Oct 2024

Click here to go to our news headlines

Please scroll down to COMMENT on the above article.
And don't forget actually to 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. Sparky , Wednesday, October 16, 2024, 08:18:

One month is too short a period to measure trade. The ONS report states “exports to both EU and non-EU countries increased, after a large fall the previous month“

2. LuxuryBalloon , Wednesday, October 16, 2024, 08:26:

UK Exports of goods to the EU are down 14% when you compare Jan-Aug 2024 to Jan-Aug 2022.
UK Imports of goods from the EU are up by 4% when you compare Jan-Aug 2024 to Jan-Aug 2022.
Using same ONS as Facts4EU.

3. Ashley Great Britain , Wednesday, October 16, 2024, 09:18:

1&2 sparky,Luxballoon.
-
This report isn't just talking about a month's trade which has actually gone up, its giving a view over 4 years with trade to the EU and Row. Which has also gone up.
July figures might have been slightly lower but then figures are lower in other months too. Overall trade figures are positively increasing over a 4 year window.
According to remainers/rejoiners this shouldn't be happening.
Nice to see the tables turned a bit with Germany, China and the US buying high volumes from the UK.

4. NH , Wednesday, October 16, 2024, 10:55:

2. LB, "UK Exports of goods to the EU are down 14% when you compare"
Trade is always driven by the strength of the economy you are trading with. If a country is having financial problems they don't tend to spend very much.
.
Between 2022 and 2023 EU total world goods imports declined by -16%. A significant part of this was due to a reduction in fuel prices but there were also large declines in most areas which effected the UK and many other countries. During the same period the UK had large increases in service exports to both the EU and the rest of the world.

5. Have You Wondered. , Wednesday, October 16, 2024, 11:08:

.
Oh Dear! Another statistical argument.
.
You'll believing weathermen next! Cancel that - You'll believing politicians next!
.
Whatever - Forget all the statistics and prophecies that are manipulated. Look at the realities on the ground. Read the European press to discover the European economic plight.
.
Ask me nicely and I'll post my library on it.
.
I'll take the UK situation over the EU's. Let's hope Starmer doesn't put a spanner in the works.
.
And as a parting shot, relevant to this economic article, the euro is bumping 1.2 to the pound. That is the same as the pre Brexit 5 and 10yr average of 1.2. The pound is back!
.
.

Add comment:

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