351. The economic contribution of ports to the UK economy
- Publication Date:
- 03-2009
- Content Type:
- Working Paper
- Institution:
- Oxford Economics
- Abstract:
- Ports are vital for the health of the UK economy and the movement of its population. They are gateways into the UK for trade and travel. Over 95% of UK imports and exports by volume and 75% by value pass through the country's ports. In terms of tonnage handled, the UK ports sector is the largest in Europe. In 2007, UK ports handled 580 million tonnes of freight. In 2007, 24.8 million international sea passengers went through UK ports. Nearly three quarters of journeys were to France. Another 14 per cent were to the Republic of Ireland. In 2007, 24.2 million domestic sea passengers traveled between ports in the UK. Sea crossings comprised 4.0 million of these journeys. Inter island journeys the remaining 20.2 million. Of which 10.7 million trips were between Hampshire and Isle of Wight and 8.0 million between the Scottish islands.
- Topic:
- Economics and International Trade and Finance
- Political Geography:
- United Kingdom and Europe