.
United Kingdom Letter of Credit Transactions - Knowledge Bank 
 






















Economy of United Kingdom and International Trade at a Glance : 
    
  1. Gross domestic product of United Kingdom is $2,43 trillion US dollars in year 2012. This makes United Kingdom economy 7th largest economy in the world after USA, China, Japan, Germany, France and Brazil.  
  2. United Kingdom is the world's 5th biggest importer with 642,60 billion US dollars import volume in year 2012 and 10th biggest exporter with 474,60 billion US dollars export volume in year 2012.
  3. International trade has been playing a significant role on United Kingdom economy.   
  4. United Kingdom economy experiencing significant trade deficits for the last couple of years which means that annual United Kingdom exports are less than annual United Kingdom imports. 
  5. United Kingdom economy is one the leading forces of the European Union economy at the moment just after Germany and France. 
  6. Main export products of United Kingdom : Transport Equipment (16 percent); Chemical Products (10 percent of total exports); Machinery and Equipment (9 percent); Computer, Electronic and Optical Products (8 percent); Pharmaceutical Products (8 percent); Refined Petroleum Products (7 percent) and Basic Metals (6 percent)
  7. Main import products of United Kingdom : Computer, Electronic and Optical Products (11 percent); Transports Equipment (14 percent); Chemical Products; Food and Beverages; Chemical products; Apparel, Textiles and Leather; Basics Metals and Refined Petroleum Products.
  8. Biggest Export Partners of United Kingdom : United States (13 percent) and Euro Area countries with Germany, Netherlands, France, Ireland, Belgium, Italy and Spain. 
  9. Biggest Import Partners of United Kingdom : China (8 percent), United States (7 percent), Norway (6 percent) and European Union countries with Germany, Netherlands, France, Belgium, Italy and Ireland.

Biggest Banks in United Kingdom and their SWIFT Codes : 









letterofcredit.biz is your gateway to International Trade Finance World designed & developed by a Certified Documentary Credit Specialist.
What are the key points of consideration when working with a letter of credit which is issued in United Kingdom? 

You should understand United Kingdom economy, United Kingdom exports and imports as well as United Kingdom banks before you proceed to work with a letter of credit which is issued in United Kingdom.
Letter of Credit | About Us | Our Services | Contact | CDCS | Certified Documentary Credit Specialist |© 2009-2010 Letter of Credit Consultancy Services. All rights reserved. Best view with 1024 X 768 resolution. Privacy Policy |
Hi, my name is "Ozgur Eker" (CDCS). You can connect with me either via my contact form or Google Plus.
Capital
London
Government
Constitutional monarchy
Population
63,181,775
Gross domestic product, PPP
$2.434,00 billion
Currency
Pound sterling (GBP)
International Tel. Code
+44
Bank Name
Assets (billion USD)
Swift Code(BIC)
HSBC BANK PLC
2.693,00
MIDLGB22
Barclays PLC
2.420,00
BARCGB21
Royal Bank of Scotland
2.131,00
RBOSGB2L
Lloyds Banking Group plc
1.529,00
LOYDGB2L
Standard Chartered PLC
637,00
SCBLGB2L