The share of services in total UK exports is expected to hit parity with goods from 2026, up from 44% in 2016, marking the tipping point when British exports will largely become service-led, according to the Barclays Trade Index.
Despite this shift, goods exports will remain a critical part of the UK’s trading economy, with healthy growth of 46% forecast for the next decade, taking the total value of UK goods exports in 2026 to £445bn compared to £305bn today. Growth sectors The UK’s fastest-growing goods export categories with a 2016 value of more…
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