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RECORD BREAKER: UK’s newest biggest single import market

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China has officially overtaken Germany to become the UK’s biggest single import market, for the first time since records began.

Goods imported from China rose 66 per cent from the start of 2018, to this quarter at $24billion dollars.

Imports from Germany fell by a quarter to in the same period.

This comes as trade with the EU was affected by Brexit and the pandemic saw demand for Chinese goods boosted.

Germany’s motor industry also felt the impact of the pandemic as both vehicle production and global exports were hit.

Imports from china that showed a jump were textiles for face masks and other protective equipment and a strong demand for electrical devices.

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1 Comment

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  1. Taylor

    May 27, 2021 at 7:34 am

    The ultimate ‘everything reminds me of him’ photo

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Money

Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Why “stagflation” will be the greatest financial threat of 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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