72791 World Trade Indicators 2009/10 United Kingdom: Trade-at-a-Glance Table 2008 GDP 2008 GDP 2008 Share 2008 Trade Membership No. of FTAs/ EIAs (millions) per capita in World Trade per capita GATT WTO Goods Services $2,645,593 $43,088 4.14% $26,143 1948 1995 27 5 TRADE PERFORMANCE‡ UK Ranking Decile HI OECD High inc TRADE POLICY (TP) (out of 125) 25 2 EXTERNAL ENVIRONMENT (EE) (out of 125) 82 7 INSTITUTIONAL ENVIRONMENT (IE) (out of 183) 5 1 TRADE FACILITATION (TF) (out of 155) 8 1 TRADE OUTCOME (TO) (out of 157) 139 9 Outer bound represents best value in latest year ‡ Rankings are based on the representative indicators (in bold) in each group below for the latest year TRADE POLICY (TP) 1995-99^ 2000-04^ 2005-08^ Latest Tariff Trade Restrictiveness Index TTRI (MFN applied tariff) 3.9 4.1 4.1 * TTRI (applied tariff including preferences) .. 1.6 1.8 * MFN applied tariff (spl avg) OTRI (Overall TRI, applied tariff incl. prefs.+NTMs) .. 6.5 6.4 * MFN applied tariff - simple avg (%) 7.9 6.1 5.3 5.5 TTRI (MFN) Dispersion (coefficient of variation) 4.4 10.1 1.8 2.0 Maximum rate (excl. alcohol and tobacco) .. .. 208.1 228.8 Agriculture - simple avg (%) 26.4 19.1 15.2 16.7 MFN applied tariff (wgt avg) Nonagriculture - simple avg (%) 5.2 4.2 3.9 3.8 MFN applied tariff - trade weighted avg (%) 5.7 3.5 3.2 3.2 Applied tariff (wgt avg) Applied tariff (incl. prefs.) - trade weighted avg (%) 4.3 2.2 2.0 2.1 Agriculture 20.4 11.2 9.6 10.1 Import duties Nonagriculture 2.9 1.6 1.6 1.6 Applied tariff (incl. prefs.) - production weighted avg (%) .. 1.9 1.6 * 0 10 20 30 MFN applied tariff escalation (finished % minus raw %) -0.3 1.0 1.0 * UK HI OECD High inc Agriculture .. 7.4 14.9 16.5 Nonagriculture .. -2.2 1.0 0.9 Import duties (% of imports) .. .. .. .. Tariff overhang (MFN bound minus MFN applied rate,%) -0.3 1.4 0.1 0.0 GATS commit. Bound tariff frequency ratio (% of total lines) 100.0 100.0 100.0 100.0 index Non-ad valorem tariff frequency ratio (%) 3.2 3.7 12.0 10.5 Non-tariff measures frequency ratio (%) 34.4 .. .. .. 0 40 80 Anti-dumping initiations 38.2 22.8 21.8 19.0 UK HI OECD High inc Overall GATS commitment index (0-100, best) .. 46.82 46.82 * EXTERNAL ENVIRONMENT (EE) 1995-99^ 2000-04^ 2005-08^ Latest Market Access-TTRI (MA-TTRI, applied tariff incl. prefs.) 4.8 4.4 * MA-TTRI MA-OTRI (applied tariff incl. prefs. and NTMs) 14.3 9.1 * ROW applied tariff (incl. prefs.) - trade weighted avg (%) 5.3 4.5 3.7 3.6 ROW applied(wgt avg) Agriculture 20.3 19.8 13.9 14.7 Nonagriculture 4.5 3.7 3.1 2.9 MFN zero-duty exports (% of total exports) 28.2 44.9 45.1 46.0 * MFN zero duty exports (%) Exports to FTA / CU partners (% of total exports) 59.0 64.4 65.7 65.4 UK HI OECD High inc Anti-dumping initiations faced 6.4 10.0 2.0 3.0 0 1 All numbers normalized to a 0 to 1 scale Real effective exchange rate (% change,+ =apprec.) 4.0 1.0 -1.0 -10.4 All data are as of January 2010 and are drawn from the World Trade Indicators 2009/10 Database. The database, Trade-at-a-Glance Tables, Country Trade Briefs and User Guide, are available at http://www.worldbank.org/wti. ^ Indicators shown are period averages. "Latest" indicates 2008, when not available, 2006 or 2007 (noted by *). EAP: East Asia and Pacific, ECA: Europe and Central Asia, LAC: Latin America and the Caribbean, MNA: Middle East and North Africa, SAS: South Asia, SSA: Sub-Saharan Africa. GATT: General Agreement on Tariffs and Trade; WTO: World Trade Organization; FTA: free trade agreement; EIA: economic integration arrangement; NTM: nontariff measures; ROW: rest of the world; CU: customs union; ".." indicates missing value. World Trade Indicators 2009/10 Trade-at-a-Glance Tables INSTITUTIONAL ENVIRONMENT (IE) 2006 2007 2008 2009 Ease of Doing Business (rank out of 183) .. 6 6 5 Ease of Starting a business (rank) .. 6 9 16 Doing 160 Business Enforcing contracts (rank) .. 24 23 23 Rank Closing a business (rank) .. 10 9 9 80 World Governance Indicators (WGI) 2005 2006 2007 2008 UK Regulatory Quality (-2.5 to +2.5, best) 1.58 1.88 1.86 1.79 HI OECD Rule of Law (-2.5 to +2.5, best) 1.56 1.70 1.69 1.68 High inc 0 Control of Corruption (-2.5 to +2.5, best) 1.88 1.87 1.85 1.77 TRADE FACILITATION (TF) 1995-99^ 2000-04^ 2005-08^ Latest Logistics Performance Index (LPI, 1 to 5 best) .. .. 4.0 4.0 Efficiency of customs and other border procedures .. .. 3.7 3.7 Quality of transport and IT infrastructure .. .. 4.0 4.0 Logistics Performance Ease of arranging competitively-priced shipments .. .. 3.9 3.7 Index Logistics competence .. .. 4.0 3.9 Ability to track and trace shipments .. .. 4.1 4.1 Timeliness of shipments .. .. 4.2 4.4 0 2 4 UK HI OECD High inc Trading Across Borders (Doing Business, rank out of 183) 25 16 No. of documents required for export .. .. 4 4 200 No. of days required to export .. .. 13 9 160 Cost to export (US$ per container) .. .. 897 1,030 120 No. of documents required for import .. .. 4 4 80 No. of days required to import .. .. 13 8 40 Cost to import (US$ per container) .. .. 1,160 1,160 0 Telephones (fixed + mobile) per 100 people 76.3 143.7 172.2 177.2 Trading Across Borders Rank Internet users per 100 people 9.7 47.9 70.4 79.4 UK HI OECD High inc Export credit insured exposures - short term (% of goods export) .. 40.2 46.8 TRADE OUTCOME (TO)# 1995-99^ 2000-04^ 2005-08^ Latest Real growth in trade of goods and services (%) ## 7.6 4.7 3.4 -0.3 Real Trade Growth Rate 10 Exports 6.7 3.9 3.4 0.1 9 8.7 8.4 8 7.6 Imports 8.5 5.4 3.3 -0.6 7 6.6 6.7 6 5.8 5.8 5 Goods 8.0 4.5 0.8 -9.2 4 4.7 3.4 3 Services 6.8 5.6 6.4 8.5 2 2.7 2.3 1 Nominal growth in trade of goods and services (%) 7.5 7.8 8.4 3.0 0 -0.3 -1 Exports 7.1 7.3 8.4 3.8 1995-99 2000-04 2005-07 2008 Imports 7.8 8.3 8.5 2.3 UK HI OECD Trade integration (trade as % of GDP) 56.3 55.5 58.2 60.4 High inc Goods balance (% GDP) -2.1 -4.3 -6.1 -6.3 Export Composition (2005-08) Food balance (% GDP) -0.8 -0.9 -1.1 -1.3 Services balance (% GDP) 1.5 1.7 2.5 2.8 Agric, 3.6 Oth com Goods share of total exports (%) 72.6 67.4 63.2 61.2 ser, 25.7 Services share of total exports (%) 27.4 32.6 36.8 38.8 Goods exports as a share of world goods exports (rank)** 5 6 7 10 Travel , Services exports as share of world services exports (rank)** 2 2 2 2 5.1 Foreign Direct Investment (FDI) inflows (% of GDP) 3.7 3.6 6.3 3.7 Transport Manufac, 48.5 , 4.7 Total remittances inflows (% GDP) 0.2 0.3 0.3 0.3 Minral, Export product concentration index (0-100, most) 7.8 9.8 10.4 9.9 2.2 Fuels, 6.3 Export market concentration index (0-100, most) 24.3 26.0 22.0 18.7 Top 5 export markets (shares) USA (14%), Germany (11%), Netherlands (8%), France (8%), Ireland (7%) Top 5 import markets (shares) Germany (13%), USA (9%), China, People's Rep. of (8%), Netherlands (7%), France (7%) Top 5 export products (SITC 3 digit-shares) 333-Petrol, crude (7%), 781-Cars (7%), 542-Medicaments (6%), 334-Hvy petrol. (5%), 714-Engines non-elect n.e.s. (3%) Top 5 import products (SITC 3 digit-shares) 333-Petrol, crude (6%), 781-Cars (6%), 334-Hvy petrol. (4%), 764-Telecom eqpt (3%), 784-Vehic parts (3%) ^ Indicators shown are period averages (except for Trading Across Borders rank: 2005-08 reflects 2008). "Latest" indicates 2008 (for Doing Business, LPI 2009), when not available, 2006 or 2007 (noted by *). # Outcome indicators are from the World Bank Development Data Group, Prospects Group, UNCTAD and COMTRADE. ## In constant 2000 US dollars. ** Rank is based on average annual world share for each period. The sample sizes are 173, 179, 180 and 173 countries, respectively.