UK Statistics

Statistical bulletin: UK Trade, February 2013

UK Trade, February 2013

Released: 09 April 2013

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February 2013

  • UK Trade shows the extent of import and export activity; 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 £3.6 billion in February, compared with a deficit of £2.5 billion in January.
  • There was a deficit of £9.4 billion on goods, partly offset by an estimated surplus of £5.8 billion on services.
  • The value of UK exports fell by 1.1% between January 2013 and February 2013, with the value of imports increasing by 1.7% over the same period. The largest fall in exports was in goods to non-EU countries (4.7%), which included a £329 million fall in exports to the USA. This fall in overall exports continued the downward pattern that started in October 2011, although there has been a degree of month-to-month volatility largely due to changes in the export of goods rather than services. Imports have been much flatter by comparison over this period, with services imports being broadly flat throughout 2012 and in to 2013. This perhaps reflects more stable demand for imports in the UK compared with demand in the UK’s major export markets.

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

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