UK Trade

UK Trade, July 2012: ONS

  • Seasonally adjusted, the UK’s deficit on trade in goods and services was £1.5 billion in July, compared with a deficit of £4.3 billion in June.
  • The UK’s deficit in Trade in Goods narrowed to £7.1 billion in July, down from £10.1 billion in June.
  • In the three months ending July 2012 trade in goods and services was estimated to have been in deficit by £8.0 billion, compared with a deficit of £10.5 billion in the preceding three months.
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UK Trade Jan 2012

UK Trade January 2012 – ONS

  • The UK’s deficit on seasonally adjusted trade in goods and services was £1.8 billion in January, compared with the deficit of £1.2 billion in December.
  • The deficit on seasonally adjusted trade in goods was £7.5 billion in January, compared with the deficit of £7.2 billion in December.
  • The surplus on seasonally adjusted trade in services was estimated at £5.8 billion in January, compared with the surplus of £6.0 billion in December

EU Overseas Trade Statistics Latest Release

  • The value of imports and exports both increased compared to December 2011. They rose by roughly the same amount. Consequently there has been little change in the difference between imports and exports compared with December.
  • UK’s EU exports have increased by £0.6 billion (4.9 per cent) compared to December 2011, to £12.7 billion. Compared to January 2011, however, exports have decreased by £0.3 billion (2.4 per cent).
  • UK’s EU imports have increased by £0.6 billion (3.7 per cent) compared to December 2011, to £16.4 billion. Compared to January 2011 imports have increased by £0.8 billion (5.1 per cent).
  • The UK remains a net importer (imports are greater than exports). The size of difference between imports and exports has decreased slightly compared to December 2011 by 0.3 per cent and has increased from January 2011 by 43.0 per cent.