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

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Briefly, what type of stock or trade are you looking to finance?

Country Profile

Capital United Kingdom of Great Britain and Northern Ireland Scots: Unitit Kinrick o Great Breetain an Northren IrelandUlster Scots: Claught Kängrick o Docht Brätain an Norlin AirlannWelsh: Teyrnas Unedig Prydain Fawr a Gogledd IwerddonCornish: Rywvaneth Unys Breten Veur ha Kledhbarth IwerdhonScottish Gaelic: Rìoghachd Aonaichte Bhreatainn is Èireann a TuathIrish: Ríocht Aontaithe na Breataine Móire agus Thuaisceart Éireann Flag Royal coat of arms Anthem: "God Save the Queen"Show globeShow map of EuropeLocation of the  United Kingdom  (dark green)? in Europe  (green & dark grey)? in the European Union  (green)Location of the United Kingdom, Crown dependencies and British Overseas Territories (red)London
Population
Area 242,495  km2 (93,628 sq mi)
km2 (78th)
Currency Pound sterling
GDP
LanguagesEnglish

1.59

Econ Complexity 8th of 214
1980
2016

$374B

Exports 10th of 221
1980
2016

$609B

Imports 4th of 221
1980
2016

$42.7k

GDP Per Capita 25th of 214
1990
2016

The United Kingdom: Exports Profile

Exports from The United Kingdom

Exports from The United Kingdom: $412.1  billion
Export commodities:Manufactured goods fuels chemicals food beverages tobacco
Top export destinations:2016:, 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

First Name*

Last Name*

Your Organisation*

How much trade finance are you seeking?*

Your Email*

Telephone Number*

Briefly, what type of stock or trade are you looking to finance?

Country Profile

Capital United Kingdom of Great Britain and Northern Ireland Scots: Unitit Kinrick o Great Breetain an Northren IrelandUlster Scots: Claught Kängrick o Docht Brätain an Norlin AirlannWelsh: Teyrnas Unedig Prydain Fawr a Gogledd IwerddonCornish: Rywvaneth Unys Breten Veur ha Kledhbarth IwerdhonScottish Gaelic: Rìoghachd Aonaichte Bhreatainn is Èireann a TuathIrish: Ríocht Aontaithe na Breataine Móire agus Thuaisceart Éireann Flag Royal coat of arms Anthem: "God Save the Queen"Show globeShow map of EuropeLocation of the  United Kingdom  (dark green)? in Europe  (green & dark grey)? in the European Union  (green)Location of the United Kingdom, Crown dependencies and British Overseas Territories (red)London
Population
Area 242,495  km2 (93,628 sq mi)
km2 (78th)
Currency Pound sterling
GDP
LanguagesEnglish

1.59

Econ Complexity 8th of 214
1980
2016

$374B

Exports 10th of 221
1980
2016

$609B

Imports 4th of 221
1980
2016

$42.7k

GDP Per Capita 25th of 214
1990
2016
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