What are the main export opportunities in the United Kingdom?
The United Kingdom offers a stable and productive environment for doing business. As a member of the European Union the United Kingdom is part of the world’s largest trading entity. Companies based in the United Kingdom are well placed to do business in the global marketplace. The United Kingdom has a worldwide reputation in a number of sectors including: • Automotive: The United Kingdom has a diverse, vibrant and world-class motor industry, which contributes 1.1% of gross domestic product and supports around 770,000 jobs. Automotive products make up 12.7% of the country’s total export sales, and the industry has attracted major inward investment from the top global vehicle and component manufacturers. • Biotechnology: This sector is the largest in Europe. There are about 500 dedicated biotechnology businesses in the United Kingdom employing around 23,000 people. In December 2001, they had revenues of over 2.8 billion. They also account for almost three-quarters of European’s publicly
