{"id":11508,"date":"2022-12-29T07:30:27","date_gmt":"2022-12-29T07:30:27","guid":{"rendered":"https:\/\/focus.cbbc.org\/?p=11508"},"modified":"2022-12-30T14:34:39","modified_gmt":"2022-12-30T14:34:39","slug":"cbbc-publishes-analysis-of-latest-uk-china-trade-statistics","status":"publish","type":"post","link":"https:\/\/focus.cbbc.org\/cbbc-publishes-analysis-of-latest-uk-china-trade-statistics\/","title":{"rendered":"The latest CBBC UK-China trade statistics"},"content":{"rendered":"

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\u2019s China Trade Tracker. Here are the latest UK-China trade statistics<\/strong><\/span><\/h2>\n

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 year, new analysis from the China-Britain Business Council shows.<\/p>\n

Although Chinese exports and imports valued in US dollars grew only 2.1% year-on-year in April \u2013 the slowest increase since the height of the pandemic in June 2020 \u2013 there were still some signs of success.<\/p>\n

Figures show significant year-on-year increases in UK export values for medicinal and pharmaceutical products (up 19% from \u00a3275 million to \u00a3329 million), professional, scientific and controlling instruments (up 25% from \u00a3153 million to \u00a3192 million) and manufacture of metal (up 61% from \u00a334 million to \u00a355 million), which all performed better year on year in Q2 2022.<\/p>\n

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\u201cThe UK and China have a long history of trade and diplomatic ties going back over 400 years. With the right guardrails in place, we can enjoy a pragmatic trading relationship that works for the national interest, while standing up for our values,\u201d said Andrew Seaton, CBBC Chief Executive, adding: \u201cThis is vital for supporting British jobs and our economy, particularly as we face some of the toughest challenges in a generation.\u201d<\/p>\n

While exports to China fell across most regions of the UK, Yorkshire and the Humber saw goods exports increase 41% year-on-year \u2013 the biggest rise in the country \u2013 fuelled primarily by surging petroleum exports, up nearly 680%.<\/p>\n

Other parts of the country, including the wider North of England, also proved relatively resilient, with rises in export values from the North East (+1.4% YoY), the North West (+3.9%) as well as the East Midlands (+3.7%).<\/p>\n