The UK International Trade Index: Insights into UK trade with the rest of the world

 

The Lloyds Bank UK International Trade Index, written in partnership with IHS Markit, sheds light on international trade conditions to help British businesses trade internationally and navigate export markets.

Our UK International Trade Index brings together key export growth and supply chain indicators to provide timely insights into the challenges and opportunities for exporting.

The Index key findings include:

  • New export orders at UK manufacturing firms continue to grow, but at the weakest rate since Q1 2016.
  • Weaker global economic growth, trade frictions and automotive sector disruptions all contribute to loss of export momentum in Q4.
  • Consumer goods are the best performing category for manufacturing exports, while transport posts fastest decline.
  • Surge in stockpiling by UK manufacturers, but supplier lead times improve in Europe and US.
  • Electrical components remain the most cited item in short supply.
  • UK service sector signals a fall in exports, ending a four-year period of export growth, as firms look to new markets in the US and Asia.
  • Soft patch for the technology services sector during Q4, but this sector has seen largest rise in exporting firms in recent years.

To discuss any of the details of this report or get support from our trade specialists please contact your Relationship Manager.

While all reasonable care has been taken to ensure that the information provided is correct, no liability is accepted by Lloyds Bank for any loss or damage caused to any person relying on any statement or omission. This is for information only and should not be relied upon as offering advice for any set of circumstances. Specific advice should always be sought in each instance.

The UK International Trade Index

Insights into UK trade with the rest of the world

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