UK Trade – June 2013

Statistical bulletin: UK Trade, June 2013

Released: 09 August 2013 – Download PDF

Contents

• Key Points
• Key Figures
• Summary
• Longer Term Perspective
• Value of UK Trade in Goods
• Trade in Goods – EU Analysis
• Trade in Goods – Non-EU Analysis
• Trade in Goods – One Month Geographical Analysis
• Trade in Goods – Quarterly Geographical Analysis
• Volume of Total Trade in Goods, Excluding Oil and Erratics
• Export and Import Prices for Trade in Goods (Not Seasonally Adjusted)
• Trade in Oil
• Trade in Services
• Records Sheet
• Background notes
• Statistical contacts

Key Points

• UK Trade shows the extent of import and export activity, and is a key contributor to the overall economic growth of the UK.
• Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £1.5 billion in June, compared with a deficit of £2.6 billion in May.
• There was a deficit of £8.1 billion on goods, partly offset by an estimated surplus of £6.5 billion on services.
• In June 2013, exports of goods to countries outside of the European Union (EU) increased by £1.3 billion to £14.2 billion. £1.1 billion was attributed to the export of finished manufactures, specifically aircraft and works of art. Trade in goods with countries within the EU was relatively unchanged over the same period.
• The deficit on trade in goods reduced to £24.9 billion in Q2 2013 from £26.5 billion in Q1 2013. Exports of goods in the second quarter of 2013 reached £78.4 billion, the highest on record. Imports of goods also increased in Q2 2013 to £103.3 billion, the highest level since the three months to November 2011.

Source: Office for National Statistics licensed under the Open Government Licence v.1.0.