UK trade

UK Trade, June 2012: ONS

  • Seasonally adjusted, the UK’s deficit on trade in goods and services was £4.3 billion in June, compared with a deficit of £2.7 billion in May.
  • There was a deficit of £10.1 billion on goods, which was only partly offset by a surplus of £5.8 billion on services.

Overseas trade statistics – Non-EU: HMRC

  • UK’s non-EU exports have decreased by £1.7 billion (13.1 per cent) compared to May 2012, to £11.5 billion. Compared to June 2011, exports have increased by £0.4 billion (3.8 per cent).
  • UK’s non-EU imports have increased by £0.1 billion (0.8 per cent) compared to May 2012, to £16.6 billion. Compared to June 2011, imports have decreased by £0.1 billion (0.5 per cent).
  • The monthly export figures return to levels seen at the start of this year. The May 2012 figure was the second highest value since the OTS was first published separately for non-EU countries in 1993.
  • The UK remains a net importer (imports are greater than exports). The size of the difference between imports and exports has increased by 56.2 per cent compared to May 2012, and has decreased from June 2011 by 8.9 per cent.
  • The final estimate of total exports for 2011 is £137.4 billion compared with £121.4 billion in 2010. This is an increase of 13.2 per cent.
  • The final estimate of total imports from 2011 is £195.2 billion compared with £177.1 billion in 2010. This is an increase of 10.2 per cent.

 

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