Statistics on UK trade with the Commonwealth
Published Thursday, April 12, 2018
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 2016 trade data between the UK and individual Commonwealth countries.
- UK exports to the Commonwealth were worth £48.5 billion; British imports from the Commonwealth were £45.9 billion.
- The UK had a trade surplus with the Commonwealth of £2.6 billion – a deficit in goods was more than offset by a surplus in services.
- The Commonwealth accounted for 8.9% of UK exports in 2016 – roughly the same as UK exports to Germany.
- The Commonwealth accounted 7.8% of UK imports – roughly the same as UK imports from China.
- UK trade with the Commonwealth was heavily focused on five countries – Australia, Canada, India, Singapore and South Africa.
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