Europe (4)

Meeting: 
MQT on 2016-03-16
Session date: 
March 16, 2016
Reference: 
2016/1302
Question By: 
Fiona Twycross
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

How many London businesses trade directly with the EU and what is the value of these firms to London's economy?

Answer

Answer for Europe (4)

Answer for Europe (4)

Answered By: 
The Mayor

Analysis from the London Business Survey (2014), estimates around 115,000 business units in London exported to the rest of Europe in the 12 months to mid-2014, this is equivalent to 26 per cent of all London's business units. Around 85,000 (or 19 per cent) of London's business units imported from the rest of Europe.

Whilst we have not published data on London's trade with the European Union specifically, London business units exported around £147 billion worth of goods and services globally, with net exports in the year to mid-2014 worth around £28 billion. (Source: London Business Survey 2014: Exports, available at: