Tuesday, February 21, 2017

Who are the UK’s trading partners?

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Who are the UK's trading partners? Explore UK trade through key charts and maps

As the UK starts the process to remake its political and economic relationship with the European Union, the future trade relationships we will have with the EU and the rest of the world are a key talking point.

As a soon-to-be ex-member of the European Union, the UK will have to renegotiate its trade relationship with the remaining 27 partner countries, as well as with the entire world, as it no longer relies on the trading arrangements afforded by membership of the EU.

In the months since the June 23 referendum last year the UK Government has signalled it is looking to build new partnerships with countries like India, the United States, Australia and New Zealand.

But what do we know about our trade with the world?

Explore trade relationships in our interactive map.

How does geography impact UK exports and imports  to the rest of the world?

Trade relationships are usually stronger between neighbouring countries, and with countries with large economies. China and the US are large economies and are important UK trading partners even accounting for their distance from us.

However, distance is important. The value of the UK's  trading relationship with Ireland is higher than the value of UK trade with Italy or Spain. Ireland is the UK's neighbour, even though the total size of its economy is much smaller than Italy's or Spain's.

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