Statistical bulletin: UK Trade, November 2013

• UK Trade shows the extent of import and export activity and is a key contributor to the overall economic growth in the UK.
• Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £3.2 billion in November 2013, compared with a deficit of £3.5 billion in October 2013.
• There was a deficit of £9.4 billion on goods, partly offset by an estimated surplus of £6.2 billion on services.
• In November 2013, exports of goods to countries within the European Union (EU) increased by £0.6 billion to £12.8 billion. Over the same period imports from the EU increased by £0.5 billion to £19.2 billion, a record high.
• The deficit on trade in goods increased by £1.8 billion to £29.2 billion in the three months to November 2013 from £27.4 billion in the three months to August 2013. Exports of goods in the three months to November 2013 decreased by 3.0% to £75.2 billion, but were 1.5% higher than in the same three months in 2012. Imports of goods decreased by 0.6% in the three months to November 2013 to stand at £104.4 billion, but were 2.2% higher than in the same three months in 2012.

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