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Statistical bulletin: UK Trade, August 2013

Statistical bulletin: UK Trade, August 2013

Released: 09 October 2013  – Download PDF

Contents

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.
  • The UK trade picture in August 2013 was similar to that seen in July 2013.
  • Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £3.3 billion in August, compared with a deficit of £3.4 billion in July.
  • There was a deficit of £9.6 billion on goods, partly offset by an estimated surplus of £6.3 billion on services.
  • In August 2013, exports of goods to countries outside of the European Union (EU) increased by £0.7 billion to £12.3 billion. Exports to countries within the EU decreased by £0.4 billion over the same period to £12.8 billion.
  • The deficit on trade in goods increased by £1.4 billion to £27.7 billion in the three months to August 2013 from £26.4 billion in the three months to May 2013. Exports of goods in the three months to August 2013 decreased by 1.2% to £76.7 billion but were 2.4% higher than in the three months to August 2012. Imports of goods increased by 0.5% in the three months to August 2013 to stand at £104.4 billion and were 2.5% higher than in the three months to August 2012. Imports of goods on a three month basis now stands at a record high.
  • The geographical data that was withdrawn in the July 2013 UK Trade release has been reinstated in this publication. ONS apologises for any inconvenience that may have been caused.

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

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