The United Kingdom’s economy is a well-developed social market and market-oriented one. It has the fifth-largest nominal gross domestic product (GDP), tenth-largest purchasing power parity (PPP), and twenty-first-largest GDP per capita in the world, accounting for 3.3 percent of global GDP.
England, Scotland, Wales, and Northern Ireland are parts of the United Kingdom, which is one of the most globalized economies in the world. In 2019, the United Kingdom was the world’s fifth-largest exporter and fifth-largest importer and because of that, a large number of businesses might be interested in the kingdom’s huge market. Learning more about ocean freight to the United Kingdom is beneficial to your business.