UK Statistics
Statistical bulletin: UK Trade, July 2014
Released: 09 September 2014 – 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 – Three-Monthly 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
Abstract
- 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 £3.3 billion in July 2014, compared with £2.5 billion in June 2014.
- In July 2014 there was a deficit of £10.2 billion on goods partly offset by an estimated surplus of £6.8 billion on services. The trade in goods deficit widened by £0.8 billion compared with June 2014.
- Between June 2014 and July 2014, exports of goods increased by £0.5 billion to £24.0 billion. Over the same period, imports of goods increased by £1.3 billion to £34.2 billion reflecting increases in imports of fuels and chemicals.
- Trade in goods with non-EU countries accounted for the majority of the increase in exports and imports in July 2014; exports increased by £0.5 billion and imports increased by £1.0 billion. Exports of goods to countries within the EU increased by less than £0.1 billion; imports increased by £0.3 billion.
- In the three months to July 2014, the trade in goods deficit widened by £2.9 billion to £28.7 billion. Exports decreased by £0.5 billion to £71.4 billion. Imports increased by £2.4 billion to £100.1 billion.
Source: Office for National Statistics licensed under the Open Government Licence v.1.0.