Despite challenges like the lengthy Covid-19 lockdown in Shanghai, UK exports to China proved resilient in the second quarter of 2022, with many UK regions reporting record export growth, according to CBBC’s China Trade Tracker. Here are the latest UK-China trade statistics Parts of the UK saw a strong recovery in trade with China in the second quarter of 2022 as its economy recovered from severe lockdowns earlier in the …
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Despite challenges like the lengthy Covid-19 lockdown in Shanghai, UK exports to China are proving resilient, with many UK regions reporting record export growth, according to CBBC’s China Trade Tracker. Here are the latest UK China trade statistics In 2021, China was the UK’s third largest trading partner, after the US and Germany. It was the UK’s sixth largest export market for goods and the single largest source of imports. …
While sourcing a manufacturer or supplier can seem like the hardest part about importing from China, shipping and customs can be where companies face the biggest delays or hidden fees. To make sure British companies are prepared for the China logistics experience, Gary Wilcox from JAG-UFS International answers the most pressing questions about shipping from China Where and how can you find the right shipping/freight company for you? Whether you …
In the first of a series on importing from China, transportation and logistics specialist Heighten offers advice on what to consider when sourcing a manufacturer in China China is still the first port of call for many companies looking to source products to import to the UK, but before you start sourcing, it is important to define what you (think) are looking for. What is important to your organisation? What …
More than two years into the Covid-19 pandemic, the cost of shipping still remains many times higher than pre-pandemic rates. Although there is hope the situation will stabilise soon, ongoing lockdowns in Shanghai could continue to push costs up, writes Gary Wilcox, CEO at JAG UFS Surprisingly, when the pandemic first hit the UK in March 2020, shipping companies did not immediately follow the increase in airfreight charges with their …
The China Trade Tracker, a new quarterly publication offering expert insight into UK-China trade, shows that over the past decade, UK exports to China have more than tripled to over £30 billion, making China the UK’s third-largest trading partner The October 2021 edition of the report brings together official HM Treasure and the Office for National Statistics data with CBBC expert analysis to highlight key trends and themes of the …
China’s trade figures for August are out and are surprisingly positive. According to the country’s customs administration, Chinese exports rose 25.6% year-on-year, to £212.6 billion, up from July’s 18.9% growth Imports also increased 33.1% to £170.5 billion, up from the previous month’s 28.7%. In RMB terms, imports from the UK grew 19.8%, while exports to Britain saw an increase of 18.7% in the first eight months of 2021 compared to …
Strong post-pandemic demand for goods continues to drive the growth of China’s exports, although analysts predict that trade growth may slow in the second half of 2021 Chinese exports grew 32.2% year on year in June, exceeding some forecasts by nearly 10%. The increase was driven by strong demand for both materials and consumer goods as many countries around the world, including the UK, ease Covid-19 lockdown measures as they …
New figures from the Office for National Statistics show that, since the second quarter of 2020, the UK has imported more goods from China than from any other country For the first time since modern records began, China has outstripped Germany to become the UK’s largest single import market. According to a report from the Office for National Statistics published in late May 2021, goods imported from China reached £16.9 …
Supply chains have been severely disrupted by the Covid-19 virus, turning already complex logistics and payment structures into something of a minefield. Adnaan Mukta explains how The Covid-19 crisis has severely disrupted the supply chains of many UK businesses that depend on imports from China. The Bank of England reports that production stoppages in China have hit output in sectors ranging from car manufacturing to aerospace. Now more than ever, therefore, …