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New Government Data on Preference Utilisation Now Available!
The government has released new data providing insights into the utilisation of trade preferences by businesses, aiming to support economic decision-making.
The data, published by the relevant trade and commerce authorities, offers detailed statistics on how businesses are leveraging preferential trade agreements to access international markets. This information will assist policymakers, trade analysts, and businesses in assessing the effectiveness of current trade agreements and identifying areas for improvement.
Trade preferences allow exporters and importers to benefit from reduced tariffs or duty-free access to certain markets, strengthening their competitive position globally. The newly available data highlights trends in preference utilisation across different countries.
UK imports by preference
Table 1: Preference utilisation of top 5 non-EU partners
| Rank | Non-EU Partners | Total imports (£ million) | Preference eligible imports (£ million) | Preference use imports (£ million) | PUR |
|---|---|---|---|---|---|
| 1 | Turkey | 12,826 | 9,570 | 8,813 | 92.10% |
| 2 | Switzerland | 11,511 | 4,648 | 2,626 | 56.50% |
| 3 | Japan | 10,623 | 3,692 | 2,355 | 63.80% |
| 4 | Vietnam | 7,337 | 3,452 | 1,549 | 44.90% |
| 5 | South Korea | 6,893 | 3,279 | 2,940 | 89.70% |
UK exports by preference
Table 3: Preference utilisation of UK’s top 5 non-EU partners
| Rank | Non-EU Partners | Total imports (£ million) | Preference eligible imports (£ million) | Preference use imports (£ million) | PUR |
|---|---|---|---|---|---|
| 1 | South Korea | 4,672 | 3,196 | 2,041 | 63.90% |
| 2 | Turkey | 4,406 | 2,793 | 2,486 | 89.00% |
| 3 | Switzerland and Liechtenstein | 6,671 | 2,290 | 853 | 37.30% |
| 4 | Canada | 5,237 | 1,003 | 754 | 75.20% |
| 5 | Japan | 5,429 | 770 | 482 | 62.60% |
Businesses can access the data through the government’s official trade portal (please click HERE).
Contact your local certification team – international@chamberelancs.co.uk for further guidance and support on claiming preference.
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