Statistical bulletin: UK Trade, June 2015

• Main points for June 2015
• Main figures for June 2015
• Understanding and working with UK Trade statistics 
• Summary of latest UK Trade statistics
• Longer-term perspective
• Value of UK trade in goods
• Trade in goods – analysis by area
• Trade in goods – 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

Main Points

• UK Trade shows the extent of import and export activity and is a main contributor to the overall economic growth of the UK. All data are shown on a seasonally adjusted, balance of payments basis, at current prices.
• The UK’s deficit on trade in goods and services was estimated to have been £1.6 billion in June 2015, compared with £0.9 billion in May 2015. This reflects a deficit of £9.2 billion on goods, partially offset by an estimated surplus of £7.6 billion on services.
• Exports of goods decreased by £0.3 billion to £24.9 billion in June 2015, mainly reflecting a £0.5 billion fall in exports of unspecified goods. Imports of goods increased by £0.5 billion to £34.1 billion over the same period, attributed to a £0.2 increase in fuels (specifically oil) and a cumulative rise in imports of almost all other commodities.
• In quarter 2 April to June 2015, the UK’s deficit on trade in goods and services was estimated to have been £4.8 billion, narrowing by £2.7 billion when compared with quarter 1 January to March 2015.
• In quarter 2 April to June 2015, the trade in goods deficit narrowed by £3.0 billion to £27.4 billion. Exports increased by £3.1 billion to £74.5 billion, attributed to an increase in chemical exports (£1.3 billion), exports of fuels (£1.0 billion) and machinery and transport equipment (£0.6 billion). Imports increased by £0.1 billion to £102.0 billion over the same period.
• In quarter 2 April to June 2015, the trade in services surplus narrowed by £0.3 billion to £22.6 billion. There was a decrease of £0.1 billion in exports and a £0.2 billion increase in imports over the same period.

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