The United Kingdom exports many different types of products to other countries. Some of the top ones include machinery and mechanical appliances, vehicles like cars and trucks and electrical machinery and equipment. Pharmaceuticals, gems, and precious metals are also important exports. UK sells mineral fuels, plastics, and iron and steel products to other countries. These exports help support the UK economy and contribute to its global trade relationships.
Below is the list of top 10 products exported from UK.
Top 10 Products Exported From UK by List
Here are the top 10 products exported from United Kingdom.
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Products
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Value
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Precious metal Production
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$78.1B
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Motor Vehicle
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$25.0B
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Aircraft Parts
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$23.4B
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Pharmaceutical
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$17.4B
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Whisky Production
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$14.5B
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Crude Petroleum & Natural Gas Extraction
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$14.5B
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Off-Road Vehicle Manufacturing
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$7.2B
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Chemical Product
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$5.8B
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Engine & Turbine
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$5.4B
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Petroleum Refining
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$21.4B
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1. Precious metal Production
The Precious Metals Production industry is expected to grow steadily at a rate of 14.3% per year until 2023-24, reaching a revenue of £279.4 million. Due to higher-than usual prices for precious metals even small companies have been able to operate profitably with fewer employees.
However, as gold and silver are less commonly used in film and digital technology, the availability of precious metals from scrap has decreased. This has led to higher purchasing costs and somewhat restricted growth in the industry.
2. Motor Vehicle
The Motor Vehicle Manufacturing industry has faced challenges over the past five years. Car sales dropped as households tightened their budgets. In 2019, car production output fell by 14.2% and engine production by 7.2% compared to the previous year, according to the SMMT.
The COVID-19 outbreak worsened the situation, with output falling by 29.3% in 2020 compared to 2019. Revenue is expected to decline at a rate of 5.9% annually to £46.6 billion over the five years through 2022-23, with a projected 2% decline in the current year.
3. Aircraft Parts
Aircraft parts are essential components used in the construction and maintenance of airplanes and other aircraft. These parts include various mechanical, electrical, and structural components that ensure the safe and efficient operation of aircraft.
The Aircraft, Engine, and Parts Manufacturing industry in the UK is expected to see a decrease in revenue over the next five years with a 3.4% annual drop to £34.5 billion by 2022-23. However, there is a slight growth of 3.5% expected for the current year, helped by orders for 250 Airbus aircraft from Air India.
Despite the decline, the UK industry remains the second-largest globally, following the US. It is a key area for investment and research, especially known for making aircraft wings and engines. Orders for aircraft and equipment are usually made well in advance ensuring a steady flow of deliveries even during uncertain economic times.
4. Pharmaceutical
The pharmaceutical industry is one of the largest producers in the United Kingdom. Over the years the industry has seen growth due to advancements in medical research and technology. It contributes significantly to the economy and plays a vital role in improving public health.
Even though there has been a decline in exports, the industry is still expected to grow. It is predicted that the industry’s revenue will increase by an average of 3.2% every year over the next five years, reaching £25.5 billion by 2023-24. Many big companies in the industry are changing their strategies to focus less on expensive patented drugs.
5. Whisky Production
The Whisky Production industry focuses mainly on making Scotch single malt and Scotch blended whisky. Scotch whisky is made only in Scotland and follows strict rules, making it limited and more valuable.
The industry has seen more small distilleries starting up lately, making it more diverse, but big companies like Diageo and Chivas Brothers still control much of the market.
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6. Crude Petroleum & Natural Gas Extraction
In the UK oil and gas production has decreased in the last ten years because the older oil fields are getting less oil and it is harder to find new ones that make money. To deal with this companies are working together and using their money more wisely. Some companies are doing well because they invested in new fields that are now producing oil and gas. Recently, global oil and gas prices went up so companies made more money. They expect to keep making more money over the next five years but not as much profit as before because prices might go down again.
7. Off-Road Vehicle Manufacturing
Revenue for making off-road vehicles is expected to go down by 6.2% every year for the next five years reaching £15.1 billion by 2022-23. This includes a small increase of 1.4% this year. The uncertain economy and people feeling unsure about spending money caused the revenue to drop every year until 2019-20. Then, the COVID-19 pandemic made things worse because car makers stopped making cars, and fewer people wanted to buy them from other countries.
8. Chemical Product
The Chemical Product industry covers a wide range of substances used in various applications, from manufacturing to healthcare. In the UK, this sector contributes significantly to the economy and is known for its innovation and quality. However, in recent years, there have been challenges such as regulatory changes, global competition, and shifts in consumer preferences. Despite these challenges, the industry remains resilient and continues to adapt to changing market dynamics.
Changes in global oil prices and industrial production can affect how much chemicals are needed. Since a lot of chemical products are traded internationally, the industry’s revenue often depends on how much is exported. Revenue for this industry is predicted to decrease by 1.4% each year, reaching £4.9 billion by 2022-23. The decline is mainly due to the impact of COVID-19.
9. Engine & Turbine
From 2022 to 2023 revenue is expected to decrease each year by 5.4%, reaching £5.9 billion. The push to make supply chains more eco-friendly has boosted the need for energy-saving turbines. In 2021, the UK was a leader in installing new wind turbines in Europe, showing strong sales in renewable energy.
This industry has to deal with changes in technology, rules about the environment and competition from around the world. But, there are chances to grow and improve by making engines and turbines more efficient and by using more renewable energy.
10. Petroleum Refining
Some petroleum refiners have changed their focus to produce more diesel as the main fuel. Diesel is seen as more fuel-efficient and environmentally friendly compared to petrol.
However, both petrol and diesel are facing tougher competition from vehicles using alternative fuels, which produce fewer emissions. This competition is reducing the demand for products from the petroleum refining industry.
Conclusion
UK exports many different things to other countries. These include machinery, vehicles, pharmaceuticals and precious metals. These exports help the UK’s economy and show that it is good at making and selling things to other countries.
Even though there are sometimes problems with global markets, the UK continues to be an important exporter making money and building relationships with other countries.
Top 10 Products Exported From UK – FAQs
What is the UK’s biggest food export?
The UK’s biggest food export is Chocolate.
What is Britain number 1 exporting country?
The most recent exports are led by Cars ($30.2B), Gold ($29.7B), Gas Turbines ($21.9B), Crude Petroleum ($19.6B), and Packaged Medicaments ($17.9B).
What is special in UK?
The U.K. is known all over the world for its sports and literature.
What food is grown in the UK?
The main crops grown in the area include wheat, barley, oats, potatoes, sugar beets, fruits, and vegetables.
Why is machinery one of the top exports from the UK?
Machinery is one of the top exports from the UK because the country is known for producing high-quality machinery and equipment used in various industries worldwide. This includes industrial machinery, agricultural equipment and electrical machinery.
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