UK music exports hit £2.7bn

Total export revenues from all parts of the UK music industry have been estimated at £2.7bn in 2018, according to the Music by Numbers study from UK Music.

This figure was driven by the global success of British acts including Ed Sheeran, Dua Lipa and Sam Smith.

The recorded sector contributed £478m of export revenue and publishing generated £618m.

Source: Music by Numbers, UK Music.
Published: November 2019.

 

Govt exports data

The Department for Digital, Culture, Media & Sport publishes annual estimates of the value of goods and services exported from the UK's music, performing arts and visual arts category.

This source estimates that for 2018 the value of services exported by this category was £1.42bn and the value of goods exported was £8.13bn. 

Source: DCMS Economic Estimates Trade, October 2020; DCMS Economic Estimates - Exports of Services, Feb 2020.

 

UK dominates European music sales

British artists were responsible for nearly one in four albums sold in Europe during 2015, according to BPI data

In the six biggest export markets for the UK in Europe, British artists claimed almost one in six album sales during the year. 

Almost all (95 per cent) of BPI members produce recorded music and services commercially available in EU markets. 

Ninety per cent of respondents to a BPI survey reported that it was important for the UK to have an influence in framing rules that govern the sale or use of British music in Europe.

Some 70 per cent said the EU was either very important or quite important to their future prospects. 

Adele led the strong performance by British artists in 2015. But there was also an impressive showing by a broad range of other UK acts, with ColdplayEd SheeranMark RonsonMuseSam Smith,One DirectionMumford & SonsGeorge EzraThe ProdigyCalvin HarrisSteven Wilson, to name a few, as well as heritage acts such as Iron Maiden and Pink Floyd, each experiencing chart success across Europe to underline the strength in depth that the UK currently enjoys.

More here.