Some Cool UK Manufacturing Statistics
I have been in England visiting family the past couple of weeks. While it was a respite from my normal work routine in the States, I was naturally curious about the manufacturing industry in the United Kingdom. In between visiting Bath, eating fish and chips in quaint coastal towns, and enjoying the company of aunts, uncles, grandparents, and cousins, I puzzled myself with questions like: how much does the UK manufacturing industry export each year? How many people does it employ? What types of products are they best at manufacturing?
So I decided to do some research on UK manufacturing and put it into a blog. Here is what I found:
Manufacturing is responsible for 45% of UK exports. Some of their top exports include vehicles, pharmaceuticals, and precious metals.
A few of their top exporters are BP (oil, gas), Rio Tinto Group (diversified metals, mining), GlaxoSmithKline (pharmaceuticals), British American Tobacco (tobacco), AstraZeneca (pharmaceuticals), and my personal favorite, Cadbury UK (chocolate).
The manufacturing sector spends 68% of private business R&D investment. In the United States, manufacturing companies spend 77% of what the private sector as a whole invests.
Manufacturing still accounts for about 10 percent of the output of the economy. The UK manufacturing sector employs 2.7 million people. That is about 8.5 percent of total employed workers in the UK.