Importing from The United Kingom

The United Kingdom Import Guide | Trade Finance Global

Importing from The United Kingom

With exports averaging about $450 billion per year the UK is one of Europe’s leading exporters of cars ($40 billion), refined petroleum ($28 billion) and crude petroleum ($22 billion). Top destinations for exports are the United States ($50 billion), Germany ($45 billion) and the Netherlands ($35 billion).

The greatest growth in British exports in recent years has been to China and Switzerland while Europe remains an important growing market. The UK Government has set forth an ambitious target to double exports by 2020 when they hope to reach a trillion pounds sterling.

Importing from The United Kingdom? Contact our local experts

Country Profile

Capital United Kingdom of Great Britain and Northern Ireland Scots: Unitit Kinrick o Great Breetain an Northren Ireland Ulster Scots: Claught Kngrick o Docht Brtain an Norlin Airlann Welsh: Teyrnas Unedig Prydain Fawr a Gogledd Iwerddon Cornish: Rywvaneth Unys Breten Veur ha Kledhbarth Iwerdhon ScottishGaelic: Roghachd Aonaichte Bhreatainn is ireann a Tuath Irish: Rocht Aontaithe na Breataine Mire agus Thuaisceart ireann Flag Royal coat of arms Anthem:"God Save the Queen" Location of theUnitedKingdom(dark green) ?in Europe(green &dark grey) ?in the EuropeanUnion(green) London
Population 65,110,000
Area 242,495  km2 (93,628 sq mi)
km2 (78th)
Currency Poundsterling
GDP
Languages English

1.60

Econ Complexity 11th of 185
1980
2014

$472B

Exports 9th of 220
1980
2014

$663B

Imports 5th of 220
1980
2014

$40.2k

GDP Per Capita 25th of 185
1990
2014

The United Kingdom: Exports Profile

Exports from The United Kingdom

Exports from The United Kingdom: $460 billion
Export commodities:Manufactured goods, Chemicals, Food, Beverages, Tobacco, Automotive vehicles and components, Computer programming, Finance, Entertainment, Clothes, Fuel oil and petroleum products, Industrial supplies and materials, Military arms and equipment, Pharmaceuticals, Other.
Top export destinations:2015:, United States 14.6%, Germany 10.1%,  Switzerland 7%, China 6%, France 5.9%, Netherlands 5.8%, Ireland 5.5%
GDP growth (annual %)

Importing from the United Kingdom: What is trade finance?

Trade finance is a revolving facility which alternative lenders offer - it enables businesses to buy stock supplies and can help reduce the pressure from working capital issues.

Generally, a trade financier will fund most of the cost of the product, including charges (e.g. bank charges).

Trade finance offers added advantages over more traditional bank funding like invoice finance or business loans. Trade finance provides up front funding without affecting existing bank relationships.

How does it work?

If you're a firm importing or exporting stock around the world, then a trade finance facility would help you to fund this through offering a letter of credit or some form of cash advance.

I’m looking to import from the United Kingdom, how can Trade Finance Global help, and how does it work?

If you are looking to import stock supplies from other countries, you may require import finance, which is an agreement between yourself (the importer) and the foreign exporter. A alternative finance bank will act as the intermediary, paying the foreign exporter on your behalf until you receive the inventory and have then sold them to your buyer. Repaying the financier then happens over an agreed period.

Read the TFG Importers Guide here.

Importing from The United Kingdom? Contact our local experts

Country Profile

Capital United Kingdom of Great Britain and Northern Ireland Scots: Unitit Kinrick o Great Breetain an Northren Ireland Ulster Scots: Claught Kngrick o Docht Brtain an Norlin Airlann Welsh: Teyrnas Unedig Prydain Fawr a Gogledd Iwerddon Cornish: Rywvaneth Unys Breten Veur ha Kledhbarth Iwerdhon ScottishGaelic: Roghachd Aonaichte Bhreatainn is ireann a Tuath Irish: Rocht Aontaithe na Breataine Mire agus Thuaisceart ireann Flag Royal coat of arms Anthem:"God Save the Queen" Location of theUnitedKingdom(dark green) ?in Europe(green &dark grey) ?in the EuropeanUnion(green) London
Population 65,110,000
Area 242,495  km2 (93,628 sq mi)
km2 (78th)
Currency Poundsterling
GDP
Languages English

1.60

Econ Complexity 11th of 185
1980
2014

$472B

Exports 9th of 220
1980
2014

$663B

Imports 5th of 220
1980
2014

$40.2k

GDP Per Capita 25th of 185
1990
2014
Back to Top