THE TRANSATLANTIC MAGAZINE
THE TRANSATLANTIC MAGAZINE
Sign up to The American magazine's newsletters (below) to receive more regular news, articles and updates on America in the UK.
US-UK Trade Drives British Export Record Heights
The US remains the UK’s biggest export market
The UK's Secretary of State for International Trade, Dr Liam Fox, has hailed the US-UK Special Relationship as his department announced record highs in UK Exports.
According to the Department for International Trade (DfIT), "Demand from the US was the strongest driver of UK export growth in the 12 months to April 2019, new Office of National Statistics (ONS) figures showed today (10 June) as UK exports reached a record high of £645.8 billion ... In terms of both goods and services, in 2018, the USA was by far the UKs biggest export market. The UK was the USA's largest European export market."
Discussing the news, Liam Fox said that "Last week’s state visit reinforced the shared values between the UK and US, but also reminded us of the truly unique economic relationship which helps our businesses to prosper ... Today’s record-breaking figures putting total UK exports at over £645 billion demonstrates the resilience of our economy, despite the increasingly uncertain global economic environment ... I encourage exporters right across the country to use today’s statistics as evidence that despite global headwinds, the most prosperous countries in the world are demanding British goods at unprecedented levels."
The American - the magazine that waves the flag for overseas Americans
Less than £4.17 per issue.
