The UK has shot up from its previous ranking of seventh in 2021, United Nations data has shown, rising three places in 2022. It is behind only China, the United States and Germany for exports.
UK has shot up from its previous ranking of seventh in 2021, UN data has shownBritain has become the world's fourth largest exporter, fresh figures have shown - despite warnings that international trade would fall off a cliff following Brexit .
China generates the most wealth from exports - more than three and a half times as much as the UK - followed by the United States, Germany and then Britain. Miles Celic, CEO of TheCityUK, described the news as 'very encouraging', and told CityAM: 'The UK's strong export performance has been supercharged by services generally and the financial and related professional services industry in particular.
It comes as the government announced new trade talks with Turkey last month, which it hopes will give a further boost to the services sector. Business Secretary Kemi Badenoch welcomed the news, saying: 'These new figures show how the UK is punching above its weight on trade' In another blow to UK business, Britain and Canada paused talks over a new free trade agreement in January, meaning a post-Brexit arrangement with Canada is set to expire.
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