New trade figures show the UK’s exports to the EU and the rest of the world have never been higher.

The latest figures from the Department of Business and Trade show the value of UK total trade in the 12 months to the end of December 2023 stood at £1,755.0 billion, up 0.7% on the previous 12 months.

In the last year figures show total UK Exports stood at £859 billion. This equates to £358 billion of UK goods exported to the EU and a huge £524 billion worth of UK goods exported to the rest of the world. UK exports to the EU rose by 8.4% and UK exports to the rest of the world grew by a huge 13.7%.

UK trade with EU and non-EU countries in 4 quarters to the end of September 2023

Trade directionValue £ billion% change since previous 4 quarters
UK exports to the EU358.98.4%
UK imports from the EU463.315.5%
UK exports to the non-EU524.213.7%
UK imports from the non-EU437.7-4.9%

The top 10 UK goods exported 12 months to the end of December 2023 were cars (£36.6 billion) followed by Mechanical power generators (£34.5 billion) and Medicinal and pharmaceutical products (£26.1 billion).

Top 10 UK goods exports 12 months to the end of December 2023:

The UK’s biggest export market was the United States who bought £193 billion worth of British goods, followed by Germany, Ireland, Netherlands, France and China.

UK exports of goods and services over time

DateGoods (£ billion)Services (£ billion)Total (£ billion)
2016299.4276.2575.6
2017339.9303.4643.3
2018354.0325.7679.7
2019368.2338.5706.7
2020314.2310.6624.8
2021331.2344.8676.0
2022425.4412.3837.8
2023392.7466.7859.2

In 2022 the UK ranked 5th in the global rankings of goods and services up from 6th in 2021

Source: Department of Business and Trade. Full details can be found here.

Picture by Pippa Fowles / No 10 Downing Street. Source: UK Gov

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