UK Manufacturing Statistics – KCL contributes
Manufacturing contributes £6.7tr to the global economy. Contrary to common belief, UK manufacturing is strong with the UK currently the 11th largest manufacturing nation in the world. Manufacturing makes up 10% of UK GVA and 54% of UK exports and directly employs 2.5 million people.
Despite the decline since the 1970s, when manufacturing contributed 25% of UK GDP, the UK ranks second globally in aerospace manufacturing. The UK-based auto industry exported a record-breaking 84% of its production in 2011 and the chemical and pharmaceutical industries add £20m per day to the UK balance of trade. Underpinning these important statistics is an average annual productivity increase of 3.6% – two and a half times greater than the UK economy as a whole.
– See more at: http://www.themanufacturer.com
British Plastics Industry:
7,500 companies in the sector
Exports valued at £6.7bn
35% of manufactured plastics products exported
Employs 180,000 people
2.5m tonnes of plastics materials produced annually
(Information courtesy of http://www.bpf.co.uk)
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