Trade and economic relations
The trade volume RM-UK in 2020 amounted to $92,9 mil. (export $42,8 mil, import $50,1 mil). The analysis of the evolution of exports in 2020, compared to 2019, reveals the decrease of exports of goods to the UK by 14.4%, as well as of imports by 14.6%.
The trade volume RM-UK in January-February 2021 amounted to $14.01 mil. (export $6.07 mil, import $7.94 mil), 16% decrease comparing to the similar period of 2020.
Investments and trade
According to the value of trade volume, the UK is the 15th main trading partner of the RM, with a share of 1.7% in the country's total trade. The considerable decrease of the bilateral trade of the RM with the UK during the last two years is caused by the Brexit process, as well as by the pandemic, the same phenomenon being registered in the bilateral trade of the UK with most European countries.
The main exported products: clothing; cuts, ensembles, jackets, blazers, dresses, skirts, knitted or crocheted, for women and girls; sunflower seeds; shirts, blouses, blouses-shirts for women or girls; wheat and meslin; wine of fresh grapes, including fortified wines, grape musts; overalls or furs, petticoats, nightgowns, pajamas; body flannels, T-shirts and day shirts, overalls or furs, for women and girls; etc
The main imported products: cars; drugs; undenatured ethyl alcohol; tractors; insecticides; frozen fish; synthetic filament fiber fabrics; pre-shave or shaved preparations, body deodorants, bath preparations, depilators; strollers; bulldozers; and so on.