Medicine for vaccines experienced almost 100% growth during the period and Chinese demand for UK products continues to grow, according to the report.
Indeed the new data –provided by UK Customs and analysed by management consultants, Seabury – reveals that over £7 billion worth of British exports travelled to China alone via Heathrow, representing a 117% increase on the previous 12 months.
The total amounted to over 15% of total UK export goods via Heathrow by value.
And the export data claims that if Heathrow had unconstrained capacity, the value of Britain’s exports to China via the airport would overtake the USA as the biggest destination within two years.
Asian nations already make up four of the top five UK export destinations by value.
Top 5 UK Export Destinations (by value via Heathrow)
– USA - £14 billion
– China - £7.6 billion
– Hong Kong - £4.5 billion
– United Arab Emirates - £4 billion
– India - £1.9 billion
Although vaccines for human medicine are the UK’s sixth most valuable export via Heathrow they have risen rising by 97% and 87% respectively over the previous two years – brought about by recent world health crises.
As the biggest port in the UK by value of goods, Heathrow has played an important role in exports and recently announced a proposed a blueprint plan to develop cargo facilities and overhaul processes and people and grow UK cargo volumes. This will support the UKTI and Government’s drive to hit £1 trillion worth of UK exports by 2020.
Top 5 UK Export Commodities (by value via Heathrow)
– Precious metals - £26 billion
– Aircraft turbojets - £3.3 billion
– Jewellery - £3 billion
– Medicaments - £2.8 billion
– Paintings and Drawings - £2.4 billion
Heathrow is the biggest port in the UK by goods value and announced last week that it will invest £180 million into its cargo operations.
The report comes after the government announced its aim to hit £1 trillion worth of exports travelling from the UK by 2020.