Statistics on UK trade with the Commonwealth
Published Monday, January 28, 2019
This short note provides some key statistics on the UK’s trade with the Commonwealth – all data are from the Office for National Statistics. The attached Excel spreadsheet (see under supporting documents) allows for easy access and presentation of 2017 trade data between the UK and individual Commonwealth countries.
- UK exports to the Commonwealth were worth £56.3 billion; British imports from the Commonwealth were £49.3 billion.
- The UK had a trade surplus with the Commonwealth of £7.0 billion – a deficit in goods was more than offset by a surplus in services.
- The Commonwealth accounted for 9.1% of UK exports in 2017 – roughly the same as UK exports to Germany.
- The Commonwealth accounted 7.7% of UK imports – roughly the same as UK imports from the Netherlands.
- UK trade with the Commonwealth was heavily focused on five countries – Australia, Canada, India, Singapore and South Africa; combined these countries accounted for 75% of UK exports to the Commonwealth and 67% of UK imports from the Commonwealth.
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