As of April 2025, just over **** of respondents to a survey on U.S. tariffs against the UK would support the government seeking a trade deal to reduce barriers, compared with ** percent who thought the UK should immediately introduce retaliatory tariffs.
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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 May of 2025.
In the first quarter of 2025, the value of exports from the United Kingdom amounted to approximately 227 billion British pounds, while imports to the country amounted to around 238 billion pounds, resulting in a trade deficit of around 10.6 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 third quarter of 2022. 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.
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British PM Keir Starmer is optimistic about reducing U.S. tariffs on British steel imports to zero, following a bilateral agreement with the U.S. to avoid a potential increase to 50% by July.
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Historical chart and dataset showing U.K. tariff rates by year from 2000 to 2022.
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The British steel industry is awaiting detailed information on the timeline for the removal of US tariffs, as outlined in a recent trade agreement promising to reduce duties from 25% to 0%.
In 2011/12, 498.2 GWh was reported as being generated under the GB Feed in Tariff scheme, from 206,851 installations.
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The US and UK have signed a trade agreement reducing tariffs on British auto and aerospace imports, promising economic benefits while steel tariff discussions continue.
In May 2025, British respondents said that tariffs imposed by the United States on the country would negatively affect the British car industry. With only ** percent, personal finance was the category in which respondents believed they would be least impacted.
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.
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Statistics presented in this spreadsheet show by month the number of installations and capacity installed by technology type and tariff band that are confirmed on the Central Feed-in tariff Register (CFR) and eligible for FiT payments.
The Feed in Tarrif scheme closed to new entrants on 31 March 2019. As a result this is the last scheduled publication of this release.
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Freight Forwarding Market Size 2025-2029
The freight forwarding market size is forecast to increase by USD 51.62 billion at a CAGR of 4.1% between 2024 and 2029.
The market is experiencing significant growth due to the increasing international trade, which has led to a rise in demand for efficient and cost-effective logistics solutions. This trend is further bolstered by the adoption of advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML) in freight forwarding, enabling real-time tracking, predictive analytics, and automation of various processes. However, the market faces challenges in the form of escalating fuel and transportation costs, which can significantly impact the profitability of freight forwarding companies.
To capitalize on the market opportunities and navigate these challenges effectively, companies must focus on optimizing their operations through technology integration, strategic partnerships, and cost management initiatives. Additionally, offering value-added services such as customs clearance, warehousing, and supply chain consulting can help differentiate businesses and attract customers in a highly competitive landscape. Information technology plays a crucial role in streamlining logistics processes, including shipping schedules and documentation, for both freight forwarders, Sea freight, and shippers.
What will be the Size of the Freight Forwarding Market during the forecast period?
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In the dynamic world of freight forwarding, meeting shipping requirements is crucial for successful trade in the global market. Information technology plays a pivotal role in streamlining the process, enabling real-time tracking and efficient communication between parties. Negotiating tariffs and adhering to customs regulations are essential aspects of the industry, ensuring the transfer of goods in good condition. Best practices in freight forwarding include thorough documentation, effective communication, and adherence to industry standards.
Navigating the complexities of global trade requires a deep understanding of the latest trends and regulations. By staying informed and adhering to best practices, freight forwarders can ensure the smooth and timely transfer of goods, ultimately contributing to the success of their clients' businesses. Freight forwarders serve as intermediaries between shippers and logistics companies, managing the transportation of goods from their origin to the final destination.
How is this Freight Forwarding Industry segmented?
The freight forwarding industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' 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.
The ocean freight segment is a vital part of the global freight forwarding market, enabling the transportation of goods via sea routes on a global scale. This segment includes a variety of services such as booking cargo space, managing documentation, coordinating shipments, and navigating customs procedures, all of which are essential for the smooth operation of international trade.One of the primary advantages of ocean freight forwarding is its cost-effectiveness and efficiency in transporting large volumes of goods over
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Jaguar Land Rover pauses U.S. shipments to evaluate the impact of a 25% tariff on imported vehicles, affecting the UK automotive industry.
Techsalerator’s Import/Export Trade Data for Latin America
Techsalerator’s Import/Export Trade Data for Latin America delivers an extensive and detailed analysis of trade activities throughout the Latin American region. This comprehensive dataset provides valuable insights into import and export transactions involving companies across various sectors within Latin America.
Coverage Across All Latin American Countries
The dataset encompasses all countries in Latin America, including:
Argentina Bolivia Brazil Chile Colombia Ecuador Guyana Paraguay Peru Suriname Uruguay Venezuela Additionally, it includes countries in Central America and the Caribbean:
Belize Costa Rica El Salvador Guatemala Honduras Nicaragua Panama Cuba Dominican Republic Haiti Jamaica Trinidad and Tobago Comprehensive Data Features
Transaction Details: The dataset provides detailed information on individual trade transactions, including product descriptions, quantities, values, and dates. This allows for precise tracking of trade flows and patterns.
Company Information: It includes specific details about the companies involved in trade, such as company names, locations, and industry sectors, facilitating targeted market research and business analysis.
Categorization: Transactions are categorized by industry sectors, product types, and trade partners. This helps in understanding market dynamics and sector-specific trends within the region.
Trade Trends: Users can analyze historical data to observe trends and shifts in trade volumes, identify emerging markets, and assess the impact of economic or political events on trade patterns.
Geographical Insights: The data offers insights into regional trade flows and the relationships between Latin American countries and their global trade partners, including major trading nations outside the region.
Regulatory and Compliance Data: The dataset includes information on trade regulations, tariffs, and compliance requirements, aiding businesses in navigating the regulatory landscape of international trade within Latin America.
Applications and Benefits
Market Research: Businesses can utilize the data to uncover new market opportunities, analyze competitive landscapes, and understand consumer demand across various Latin American countries.
Strategic Planning: Companies can leverage insights from the data to refine trade strategies, optimize supply chains, and mitigate risks associated with international trade in the region.
Economic Analysis: Analysts and policymakers can use the data to monitor economic performance, evaluate trade balances, and make informed decisions on trade policies and economic development initiatives.
Investment Decisions: Investors can assess trade trends and market potentials to make informed decisions about investments in Latin America’s diverse economies.
Techsalerator’s Import/Export Trade Data for Latin America provides a crucial resource for organizations involved in international trade, offering a detailed, reliable, and expansive view of trade activities across the Latin American continent.
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629 Active Global Tariff of suppliers, manufacturers list and Global Tariff of exporters directory compiled from actual Global export shipments of Tariff of.
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Customs Audit Market Size 2025-2029
The customs audit market size is forecast to increase by USD 6.51 billion, at a CAGR of 8.7% between 2024 and 2029.
The market is experiencing significant growth, driven by the increasing demand for efficient supply chain operations and the emergence of new customs regulations such as voluntary disclosure programs. These initiatives aim to streamline customs processes and mitigate potential risks, making customs audits an essential component of international trade. However, the market faces challenges, including the growing concern over cybersecurity breaches. As global trade becomes increasingly digital, the risk of data breaches and information theft increases, necessitating robust cybersecurity measures to protect sensitive data during customs audits.
Companies seeking to capitalize on market opportunities must prioritize compliance with evolving customs regulations and invest in advanced cybersecurity solutions to mitigate risks and maintain a competitive edge. Navigating these challenges requires a strategic approach, with a focus on transparency, efficiency, and innovation.
What will be the Size of the Customs Audit Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market is characterized by continuous evolution and dynamic market activities. Entities involved in international trade are subject to a complex web of regulations, including supply chain management, free trade agreements, trade data, export regulations, customs valuation, rules of origin, internal controls, and trade agreements. These regulations are not static but rather unfold with the ongoing unfolding of market activities and evolving patterns. Customs compliance plays a crucial role in this landscape, with entities seeking to adhere to regulations and mitigate risks associated with sanctions compliance, anti-dumping duties, trade remedies, and other trade measures. Customs brokers, freight forwarders, and trade finance providers are key players in facilitating international trade, while customs technology and automated systems enable efficient customs clearance.
Bonded warehousing, duty drawback, and inventory management are essential aspects of customs compliance, allowing entities to minimize duties and taxes and optimize their supply chain operations. Trade data and analytics are increasingly important tools for monitoring and responding to changing regulations and market conditions. Export controls and import regulations also shape the market, with entities needing to navigate the intricacies of tariff classification, customs investigations, and countervailing duties. Documentary credits and free trade zones offer additional complexities, requiring a deep understanding of the customs landscape and the ability to adapt to changing regulations and market conditions.
In this context, compliance audits are a critical component of risk management strategies, enabling entities to identify and address potential compliance issues and minimize the risk of penalties and disruptions to their international trade operations. The market is a dynamic and evolving landscape, requiring ongoing attention and adaptation to ensure compliance and optimize international trade operations.
How is this Customs Audit Industry segmented?
The customs audit industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Service
Customs audit services
Customs advisory services
Type
Financial audit
Operational audit
Compliance audit
Risk management audit
Others
Geography
North America
US
Canada
Europe
France
Germany
UK
APAC
Australia
China
India
Japan
South America
Brazil
Rest of World (ROW)
By Service Insights
The customs audit services segment is estimated to witness significant growth during the forecast period.
The market encompasses various entities that play a crucial role in international trade, including sanctions compliance, anti-dumping duties, trade remedies, customs broker, letters of credit, bonded warehousing, duty drawback, inventory management, supply chain management, free trade agreements, trade data, export regulations, customs valuation, rules of origin, internal controls, trade agreements, freight forwarder, trade finance, compliance audits, import regulations, data analytics, export controls, duty rates, risk management, customs compliance, countervailing duties, documentary credits, free trade zones, tariff classification, customs technology, automated systems, and customs investigations. In developed economies
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Nissan's global production fell for the fifth consecutive month in October, with significant declines in the UK, US, and China, offset by growth in Mexico.
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.
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As of April 2025, just over **** of respondents to a survey on U.S. tariffs against the UK would support the government seeking a trade deal to reduce barriers, compared with ** percent who thought the UK should immediately introduce retaliatory tariffs.