
14th July 2025
In the four quarters to the end of Q4 2024, total trade in goods and services between the UK and China was £98.4 billion. This represents a decrease of £4.3 billion (4.2%) in current prices compared to the previous year. UK exports to China totaled £29.7 billion, a 11.4% decrease, while imports were not specified in the provided information.
Here's a more detailed breakdown:
Total Trade: £98.4 billion (a decrease of 4.2% or £4.3 billion).
UK Exports: £29.7 billion (a decrease of 11.4% or £3.8 billion).
Goods Exports: £16.7 billion (56.2% of total exports, a decrease of 23.8% or £5.2 billion)
Services Exports: £13.0 billion (43.8% of total exports, an increase of 12.1% or £1.4 billion).
UK Imports: Not specified in the provided information, but it can be inferred that imports were £68.7 billion to reach the total trade figure of £98.4 billion.
It's worth noting that these figures are in current prices, meaning they have not been adjusted for inflation.
According to the House of Lords Library, in the four quarters to the end of Q2 2024, China was the UK's fifth largest trading partner, accounting for 5.1% of total UK trade. The total trade value during that period was £87.7 billion.
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