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<p>Before the pandemic hit, global trade was already in trouble. Nine out of the top
ten exporting countries – including China, Japan, Germany, and the USA – all saw their
exports fall in 2019 (according to UNCTAD data). The one exception to this was the
United Kingdom, which overtook France to become the world’s fifth largest exporter.
Our exports increased by 4.2% to £689.3bn in 2019. Latest figures show that UK exports
in the 12 months to September 2020 were £624.8bn, down 7.7% on same period last year.</p><p>
</p><p>Sources: ‘UNCTAD Goods and Services (BPM6): Exports and imports of goods and
services, annual’ and ‘ONS Balance of Payments UK, July to September 2020’.</p>
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