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.

This latest edition, reflecting activity in the second quarter of 2019, brings together key export growth and supply chain indicators to provide insights into the challenges and opportunities for exporters.

Key findings from the July edition include:

  • UK manufacturing exports in the quarter have shown a fall for the first time in three years perhaps as stock-piling in Europe reported in our previous edition comes to an end and as global trade tensions hit overseas demand.
  • While exports in the UK services sector have continued to reduce in the second quarter, the transport and storage sub sectors have seen a boost, perhaps the benefit of the stock-piling activity seen in the previous quarter.
  • Over the period global international trade volumes have fallen at the fastest pace since the end of 2012 however, 8 out of 10 key UK trading partners posted economic growth providing an opportunity to reverse this trend in the year ahead.
  • The slowdown in global trade volumes has had the benefit of easing international supply chain pressures, lead times and raw material constraints, this for the first time in six 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

The UK International Trade Index

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