Tariff rate, applied, simple mean, all products (%) in United Kingdom was reported at 1.13 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Kingdom - Tariff rate, applied, simple mean, all products - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

Actual value and historical data chart for United Kingdom Tariff Rate Applied Weighted Mean All Products Percent

In the third quarter of 2025, the value of exports from the United Kingdom amounted to approximately 234 billion British pounds, while imports to the country amounted to around 238 billion pounds, resulting in a trade deficit of around 4.5 billion pounds in this quarter. During this time period, the value of UK exports was highest in the fourth quarter of 2022, with the value of imports peaking in the first quarter of 2025. The UK's main trade partners Despite the UK leaving the EU in 2020 following the Brexit referendum of 2016, Europe remains the main destination for UK exports, with almost half of UK exports heading there in 2023. During the same year, just over 60 percent of imports came from European countries, compared with around 17.9 percent from countries in Asia, and 11.8 percent from the Americas. In terms of individual countries, the United States was the UK's leading export partner for both goods and services from the UK, while Germany was the main source of UK goods imports, and the U.S. for service imports. It is as yet unclear how the return of Donald Trump to the White House will impact UK/US trade relations, should the President follow through with threats made on the campaign trail to increase trade tariffs. Brexit rethink under Starmer? Although generally more pro-European than the previous government, the new Labour government, led by Keir Starmer, does not plan to rejoin the European Union, or the Single Market. Public opinion, while gradually turning against Brexit recently, has not coalesced around a particular trading relationship. In late 2023, a survey indicated that while 31 percent of British adults wanted to rejoin the EU, a further 30 percent wanted to simply improve relations with the EU, instead of rejoining. Just 11 percent of respondents wanted to join the single market but not the EU, while 10 percent were happy with the relationship as it was. At the start of 2025, after several months in office, the new government has not signalled any major change in direction regarding on this, but has broadly signalled it wants a better relationship with the EU.

Key Provisions of the India–UK FTA

• Tariff Reductions: India will eliminate tariffs on 99% of British goods, including whisky, automobiles, and medical devices. Conversely, the UK will reduce tariffs on Indian exports such as textiles, leather, and engineering goods. Notably, whisky tariffs in India will decrease from 150% to 75%, with a further reduction to 40% over the next decade.
• Trade Volume Increase: The FTA is expected to boost bilateral trade by £25.5 billion annually by 2040, contributing an additional £4.8 billion to the UK's GDP each year.
• Labor Mobility: The agreement includes a "Double Contribution Convention," exempting Indian professionals temporarily posted to the UK from paying national insurance contributions for up to three years. This provision aims to facilitate the movement of skilled labor between the two countries.
• Investment Protections: An investment treaty accompanying the FTA will allow companies to sue either government if they believe policy changes unfairly harm their investment or profits. This mechanism is designed to protect investors against potential unfair treatment under local laws.

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Freight Forwarding Market Size 2025-2029

The freight forwarding market size is valued to increase USD 51.62 billion, at a CAGR of 4.1% from 2024 to 2029. Increasing international trade will drive the freight forwarding market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 47% growth during the forecast period.
By Mode Of Transportation - Land freight segment was valued at USD 108.41 billion in 2023
By Application - Industrial and manufacturing segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 34.47 billion
Market Future Opportunities: USD 51.62 billion
CAGR : 4.1%
APAC: Largest market in 2023

Market Summary

The market encompasses the global trade of transporting goods from one place to another, utilizing various modes of transportation such as air, sea, and land. Core technologies and applications, including the increasing usage of AI and ML, are revolutionizing the industry by optimizing logistics, enhancing supply chain visibility, and reducing operational costs. Service types or product categories, such as less-than-container load (LCL) and full container load (FCL), cater to diverse customer needs. Regulations, including the International Maritime Organization's (IMO) carbon intensity indicators and the European Union's (EU) Green Deal, are driving market evolution. With international trade continuing to grow, the market is expected to unfold with significant opportunities, despite challenges like high fuel and transportation costs.
According to recent estimates, the market is projected to account for over 30% of the global logistics market share by 2026. Related markets such as the logistics and transportation industries also contribute to the market's dynamics.

What will be the Size of the Freight Forwarding Market during the forecast period?

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How is the Freight Forwarding Market Segmented and what are the key trends of market segmentation?

The freight forwarding industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Transportation

  Land freight
  Ocean freight
  Air freight


Application

  Industrial and manufacturing
  Retail and E-commerce
  Food and beverages
  Healthcare
  Others


Service Type

  Transportation and warehousing
  Value-added services


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Transportation Insights

The land freight segment is estimated to witness significant growth during the forecast period.

The land freight segment, encompassing both road and rail transportation, is a crucial component of the global freight forwarding market. This segment plays a pivotal role in facilitating the movement of goods over land, supporting both domestic and international trade.Road freightThe road freight segment is dynamic and vital, involving the transportation of goods via trucks, trailers, and other road vehicles. It serves as a primary mode of transport for a wide range of commodities, including manufactured goods, consumer products, and raw materials. One of the key attributes of road freight forwarding is its flexibility and last-mile connectivity. Road transports ability to reach remote locations and access points unattainable by other modes of transport provides a competitive edge for timely and efficient deliveries. This flexibility is particularly advantageous for industries with time-sensitive goods that require direct-to-door delivery and distribution.Road freights integration into multi-modal transportation networks further enhances its efficiency.

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The Land freight segment was valued at USD 108.41 billion in 2019 and showed a gradual increase during the forecast period.

By seamlessly connecting with other modes of transport such as rail and sea, road freight ensures the smooth and continuous movement of goods across various stages of the supply chain. This capability is essential for maintaining the flow of goods and meeting the demands of modern logistics.Rail freightThe rail freight segment is another critical component of the freight forwarding industry, responsible for the transportation of goods by rail between countries, as well as across continents. This segment encompasses a diverse array of services, including cargo handling, transportation management, customs clearance, and documentation compliance. Rail freight serves as a vital link in the global logistics network, facilitating the efficient movement of goods

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Cars were the most valuable type of commodity exported from the United Kingdom in 2024, with exports of this commodity valued at approximately 32.9 billion British pounds. Mechanical power generators were the second-most valuable commodity in 2024, with an export value of around 32.7 billion pounds in this year. By comparison, the most valuable import commodity was also cars, amounting to over 38.4 billion British pounds. The next most valuable import commodity was medicinal and pharmaceutical products at over 27.2 million pounds in this year. UK main trading partners Although the share of both imports and exports from the European Union has been declining recently, the single market is still by far the UK's main trading partner. In terms of individual countries, the United States was the main export partner in 2024 at 16.1 percent of all exports, while Germany was the UK's main import partner with 12.5 percent of imports coming from there in 2024. A main argument of the Leave vote, was that the UK should seek to improve up its trade with the rest of the world, outside of Europe. The success of this 'Global Britain' strategy, depends on the UK significantly scaling up its trade with other continents, with countries outside of Europe still responsible for far less trade than European ones. Brexit and EU trade At the start of 2021, the United Kingdom exited both the European Single Market and the European Customs Union, with the UK's trading relationship with the EU now determined by a new Trade and Cooperation Agreement (TCA). Although the TCA continued tariff and quota-free goods trade between the EU and UK, a number of customs checks came into force, increasing trade friction between the two parties. The status of Northern Ireland in the initial agreement was also different from the rest of the UK. Goods entering Northern Ireland from Great Britain were initially subject to customs checks, to prevent customs checks occurring at the border with the Republic of Ireland. In February 2023, it was announced that under a new EU-UK agreement called the Windsor Framework, some goods entering Northern Ireland from Britain will be subject to fewer checks.

In 1950, the Netherlands' volume of exports was 171 percent the rate it had been in 1913 (i.e., it was 1.7 times larger), but this figure grew to be more than 1,600 percent by 1973, which was the largest change in Western Europe. 1913 was the year before the First World War, and 1950 marked the end of the recovery period after the Second World War for most countries in Western Europe. Across these years, the most considerable change in export volumes was in Scandinavian countries, a region that saw rapid economic development in this period and whose level of devastation from the wars was much lower than most of the other countries listed here. The emergence of the Scandinavian and Dutch shipping industries also contributed significantly to their export sectors. Declines in Austria and Germany The only countries listed who saw a decrease in export volumes between 1913 and 1950 were Austria and Germany, where exports fell by 68 and 65 percent, respectively. Of the countries listed, these were the only ones to have been defeated in the war. Not only were much of their resources invested into recovery, but these countries were obligated to pay reparations for their roles in the Second World War via industrial and mechanical exports, rather than financial payments, which is one contributing factor to their lower export volumes. Territorial differences between 1913 and 1950 also played a large part in this, as both countries lost a significant share of their natural resources and industry due to the wars. Increased integration Despite this, the United Kingdom eventually saw the lowest growth in export volumes between 1913 and 1973. This was due to the fact that the British Empire had been the largest exporter in the world going into the First World War, but had lost the majority of its territories by 1973. The UK was also reluctant to join the Economic Communities in later decades, and the lack of integration meant that trade between the UK and the mainland had additional tariffs and barriers that were not in place for member states. Unrestricted trade and cooperation between nations, particularly concerning high-quality, manufactured goods, became a defining aspect of Western European trade in the late 20th century. European imports from Africa, Asia, Latin America, and Oceania dropped from roughly one-third to 18 percent between 1938 and 1970, while exports to these regions also dropped by a very similar rate.