UK-EU trade in goods and services

UK Prime Minister Boris Johnson hopes to sign a free trade agreement with the EU by the end of 2020. While the EU enjoys a bilateral trade surplus in goods, the UK is far more competitive in services


UK trade with EU countries (£bn, 2018) 
Goods 	Services

UK exports 		Bilateral trade		UK imports
			£648.4bn
291.0	171.0	120.0			265.4 	92.0 	357.4


Largest exports (£bn) 
Business, financial services	60.1
Petroleum, petroleum products	20.6 
Road vehicles 			17.3
Medicinal, pharmaceutical	10.9

Largest imports (£bn)
Road vehicles 				46.5
Travel services 			30.9
Medicinal, pharmaceutical		17.7 
Electrical machinery and appliances	11.4 


UK trade with non-EU countries (£bn, 2018) 
£673.8bn

351.2	174.2 	177.0 		222.6	100.0 	322.6


Top UK trading partners(£bn, 2018)

		U.S.	Germany 	Netherlands 	France	China	Ireland
UK exports 	118.2	55.4 		44.0		42.1	23.1 	38.3
UK imports 	72.4	77.3 		49.1		42.8	45.4 	21.9
Total trade	190.6	132.7 		93.1		84.9	68.5 	60.2
 
  
Sources: House of Commons Library, Department for International Trade
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