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.

Delays in US tariff relief for British steel and other allies continue to harm global trade, with industries facing financial losses and uncertainty.

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.

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.

The Political Tension Index provides a real-time measure of global political risk sentiment, built using advanced natural language processing across thousands of international news sources. The dataset captures shifts in tone around governance, diplomacy, trade disputes, and leadership dynamics, offering investors and policymakers a forward-looking lens on systemic political instability. Our analysis of the past 12 months reveals that political risk has become structural rather than episodic, with trade tensions, tariff policies, and high-profile leadership events driving persistent volatility. Temporary improvements, such as the US–UK trade deal and global tariff talks, have proven short-lived, reinforcing the fragility of the geopolitical outlook. This dataset highlights the market sensitivity to political narratives, where protectionist measures or leadership controversies can move commodity prices, equities, currencies, and global risk appetite within hours. With daily updates, the Political Tension Index delivers a powerful data feed for hedge funds, risk managers, and macro strategists to integrate into models, stress testing, and portfolio overlays—enabling more adaptive and resilient risk management strategies. By providing real-time political sentiment data, the Index transforms unstructured media flow into structured, actionable insights, helping institutional users anticipate volatility before it fully manifests in market pricing.

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.

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.

For enquiries concerning this table email fitstatistics@beis.gov.uk

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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