• The UK will continue to offer the market opportunities of a rich and developed country in the future.
  • As in many other developed consumer markets, the retail sector in the UK is evolving due to the increase in online shopping, technological developments and changing consumer demand. These trends will continue to change distribution channels. The UK is one of the world’s leading countries in online spending per capita.
  • The aging population profile of the country, depending on sociological trends, creates demand in the fields of health care, recreation and leisure.
  • According to the data of the United Kingdom Office of National Statistics (ONS), the share of sales made through websites, tablets and mobile phones in retail sales in the country increased to 30% in May 2020 with the effect of the Covid-19 pandemic. On the other hand, the growth of e-commerce poses serious challenges for traditional retailers, who have spent most of the previous three decades opening new stores to reach new customers and increase sales. Online sales have increased in
    almost all industries during the Covid-19 era. It is stated that the decrease in food retail profit margins is due to the expansion of discount supermarkets, but the most important reason for the decrease in profit margins for non-food products is internet sales. On the other hand, there were comments in the press that closures will accelerate in the retail sector, which has deteriorated due to Covid-19, and that online sales will become more attractive for retailers as labor costs increase.
  • According to Trademap data, the United Kingdom exported approximately 400 billion dollars in 2020. In 2020, imports from the world were approximately 632 billion dollars.
  • An agreement was reached on 24 December 2020 in the negotiations between the parties regarding the new trade order to be established between the European Union and the United Kingdom in the post-Brexit period. According to the agreement, which entered into force on 1 January 2021, the UK will continue to follow European Union rules to avoid conflicts on business and travel matters. With the agreement, duty-free trade of most goods is guaranteed and cooperation will continue on issues such as climate change, energy, security and transportation. The United Kingdom aims to develop trade with 13 countries after Brexit with the slogan “Ready to Trade”. “Ready to Trade” Countries: TURKEY, Mexico, Brazil, India, China, USA, Canada, Australia, Singapore, United Arab Emirates, Republic of South Africa, South Korea and Japan.