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Statistical Bulletin
UK Trade, September 2014
Coverage: UK
Date: 07 November 2014
Geographical Area: UK
Theme: Economy
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.
•
Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been
£2.8 billion in September 2014, compared with £1.8 billion in August 2014. This reflects a deficit
of £9.8 billion on goods, partly offset by an estimated surplus of £7.0 billion on services.
•
Between August and September 2014, the trade in goods deficit widened by £0.9 billion. Exports
increased from the previous month but imports, particularly from countries outside the EU,
increased by a greater extent.
•
Between Q2 and Q3 2014, the trade in goods deficit widened by £0.9 billion to £29.0 billion.
Exports fell by £0.3 billion whilst imports rose by £0.6 billion. In terms of commodities, the deficit
in trade in fuels widened by £1.1 billion over the quarter, reflecting a £0.8 billion increase in
imports.
•
Germany remains the the UK's largest trading partner in terms of the value of goods exported
and imported. However in Q3 2014 the UK recorded its largest ever deficit with Germany,
reflecting a gradual decline in exports and rise in imports. In addition, the UK's surplus with
the USA reached it's lowest level in almost eight years. Partially offsetting this were notable
improvements to the UK's deficits with China and Hong Kong, reflecting a rise in exports and a
fall in imports in Q3.
Key Figures
Office for National Statistics | 1
UK Trade, September 2014 | 07 November 2014
Table 1: Balance of UK Trade in Goods and Services, September 2014
£ billion
Balance of trade in goods
EU
Non-EU
World
Balance
of trade in
services
Total trade
balance
2013
Sep
-6.2
-3.9
-10.1
5.9
-4.2
2014
Jul
-5.7
-4.6
-10.3
7.3
-2.9
Aug
-5.3
-3.7
-9.0
7.2
-1.8
Sep
-5.8
-4.0
-9.8
7.0
-2.8
Table source: Office for National Statistics
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Figure 1: Balance of UK Trade
Source: Office for National Statistics
Office for National Statistics | 2
UK Trade, September 2014 | 07 November 2014
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Figure 2: Balance of UK Trade in Goods
Source: Office for National Statistics
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Summary
The deficit of trade in goods and services for September 2014 was £2.8 billion, compared with £1.8
billion in the previous month. The trade position reflects exports minus imports. Between August
and September, exports increased by £0.9 billion to £40.9 billion and imports increased by £2.0
billion to £43.7 billion.
The deficit on trade in goods was £9.8 billion in September 2014, widening by £0.9 billion from
August. Both exports and imports rose between August and September. Imports, however, rose
more significantly.
Office for National Statistics | 3
UK Trade, September 2014 | 07 November 2014
In detail, exports increased by £1.0 billion to £24.0 billion. £0.6 billion of the increase was attributed
to a rise in fuel exports; specifically oil exported to countries outside of the EU, which accounted
for £0.4 billion of the increase. The second most significant increase was exports of miscellaneous
manufactures which rose by £0.3 billion from August. Miscellaneous manufactures includes high
value items such as works of art and jewellery, which both experienced notable increases in
September.
Imports rose by £1.8 billion in September 2014; the largest monthly increase since March 2012. The
increase mainly reflects a £1.1 billion rise in imports of fuels, in particular oil imports from countries
outside the EU. Sizeable increases were also seen in imports of miscellaneous manufactures (up
£0.4 billion) and machinery and transport equipment (up £0.4 billion). Imports of miscellaneous
manufactures reached its highest level on record in September; the increase was, again, mainly due
to trade in works of art and jewellery.
In September 2014, exports to countries within the EU increased by £0.1 billion. In the same
period, imports from countries within the EU rose by £0.6 billion, reflecting a £0.2 billion increase in
machinery and transport equipment.
Outside the EU, exports rose by £0.9 billion and imports rose by £1.2 billion between August and
September 2014. In terms of commodities, the increase in trade with non-EU countries was primarily
due to exports and imports of fuels, specifically oil. Aside from fuels, the increase in trade outside of
the EU also reflected increases in the export and import of miscellaneous manufactures.
Trade statistics for any one month can be volatile. For that reason, it is recommended to compare
the latest three months against the preceding three months and the same three months of the
preceding year.
In Q3 2014, the trade in goods deficit widened by £0.9 billion. The widening reflected a £0.3 billion
fall in exports and a £0.6 billion rise in imports. At the commodity level, the trade in fuels deficit
widened by £1.1 billion; fuel imports over the quarter rose by £0.8 billion, whereas fuel exports fell by
£0.2 billion over the same period. By area, the widening was fairly evenly spread, with £0.5 billion
of the deficit originating from trade with countries outside of the EU and the remaining £0.4 billion
originating from trade within the EU.
Globally, Germany remains the largest of the UK’s trading partners, however, in Q3, the UK recorded
its largest ever deficit with Germany, reflecting a gradual decline in exports and rise in imports. In Q3
the UK’s surplus with the US fell to £1.6 billion; the smallest quarterly surplus with the US since Q4
2006. The UK’s trade balance with Switzerland moved into surplus in Q3 due to an atypical increase
in exports in September. This rise appears to be partially a product of the rise in imports exhibited in
August and reflects the type of commodities being traded (which anecdotal evidence suggests are
precious metals and works of art). Notable improvements to the UK’s deficits with China and Hong
Kong were seen between Q2 and Q3 as exports to both areas increased while imports decreased.
Elsewhere, the UK experienced further growth in imports from Canada in Q3 2014, leading to a £1.4
billion deficit over the quarter – the largest on record.
Office for National Statistics | 4
UK Trade, September 2014 | 07 November 2014
This bulletin also reports on trade in services. However, the information on trade in services is
mainly obtained from quarterly surveys, in some cases underpinned by larger annual surveys. That
means that the data for the latest months are inevitably uncertain.
The surplus on trade in services for September 2014 was estimated at £7.0 billion, down £0.2 billion
from August 2014. Export levels fell by less than £0.1 billion to £16.9 billion whilst imports rose by
£0.2 billion to £10.0 billion.
Longer-Term Perspective
The value of trade in goods grew steadily from the beginning of 2007 to mid-2008. The onset of the
global economic downturn in mid-2008 affected the economic performance of the UK’s major trading
partners and the value of both UK exports and imports fell sharply until Q2 2009. Growth in the value
of trade in goods resumed from mid-2009 with improving global economic conditions. However, the
value of both UK exports and imports has remained largely flat since mid-2011 with the continuing
difficulties in many economies.
In 2013, the deficit on trade in goods widened by £1.2 billion to £110.2 billion (annually). The level of
exports increased to £306.8 billion in 2013, up 0.5% from £305.1 billion in 2012. The rise in exports
was accompanied by an increase in imports to a record £417.0 billion in 2013, up 0.7% from £414.1
billion in 2012.
Value of UK Trade in Goods
In September 2014, the UK’s deficit on trade in goods was £9.8 billion, increasing by £0.9 billion
from August 2014.
Total exports increased by £1.0 billion (4.2%) to £24.0 billion and total imports increased by £1.8
billion (5.8%) to £33.8 billion. At the commodity level, the data are shown in Table 2.
Table 2: Change in Key Commodity Value, September 2014 Compared with August 2014
Exports
(£m)
Imports
(£m)
+520
+929
+19
-4
+291
+357
Intermediate
goods
-10
+202
Capital goods
-59
+239
Chemicals
+112
+54
Semi-manufactured goods other than chemicals
+114
-212
Oil (see section on 'trade in
oil')
Cars
Consumer goods other than cars
Office for National Statistics | 5
UK Trade, September 2014 | 07 November 2014
Table source: Office for National Statistics
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In Q3 2014, the deficit on trade in goods was £29.0 billion, increasing by £0.9 billion from Q2 2014.
Total exports decreased by £0.3 billion (0.5%) to £70.7 billion and total imports increased by £0.6
billion (0.6%) to £99.8 billion. At the commodity level, the data are shown in Table 3.
Table 3: Change in Key Commodity Value, Q3 2014 Compared with Q2 2014
Exports
(£m)
Imports
(£m)
Oil (see section on 'trade in
oil')
-197
+947
Cars
-431
-11
Consumer goods other than cars
+121
+497
Intermediate
goods
-194
-91
Capital goods
-145
-264
Chemicals
+211
-229
Semi-manufactured goods other than chemicals
+188
+88
Table source: Office for National Statistics
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Office for National Statistics | 6
UK Trade, September 2014 | 07 November 2014
Figure 3: Value of UK Trade in Goods
Source: Office for National Statistics
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Office for National Statistics | 7
UK Trade, September 2014 | 07 November 2014
Figure 4: Value of UK Trade in Goods Excluding Oil
Source: Office for National Statistics
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Trade in Goods - Analysis by Area
Monthly Analysis
In September 2014, the deficit on trade in goods with EU countries widened by £0.5 billion to £5.8
billion. The deficit on trade in goods with non-EU countries widened by £0.3 billion to £4.0 billion
(Figure 5).
Office for National Statistics | 8
UK Trade, September 2014 | 07 November 2014
Figure 5: Balance of Trade in Goods - EU and Non-EU Countries
Source: Office for National Statistics
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Between August and September 2014, exports to the EU increased by £0.1 billion (0.9%) to £11.9
billion. Exports to the Netherlands increased by £0.2 billion and to Belgium & Luxembourg by £0.1
billion.
Between August and September 2014, imports from the EU increased by £0.6 billion (3.7%) to £17.7
billion. Imports from both France and Germany increased by £0.2 billion and imports from both the
Netherlands and Spain increased by £0.1 billion.
At the commodity level, the data are shown in Table 4.
Office for National Statistics | 9
UK Trade, September 2014 | 07 November 2014
Table 4: Change in Key Commodity Value (EU), September 2014 Compared with August 2014
Exports
(£m)
Imports
(£m)
+80
+18
-6
+6
Consumer goods other than cars
-59
+118
Intermediate
goods
+32
-65
Capital goods
+22
+218
Chemicals
-80
+49
Semi-manufactured goods other than chemicals
+61
+86
Oil (see section on 'trade in
oil')
Cars
Table source: Office for National Statistics
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Between August and September 2014, exports to non-EU countries increased by £0.9 billion (7.8%)
to £12.1 billion. Exports to Switzerland increased by £1.1 billion, to China by £0.2 billion and to
South Korea by £0.1 billion.
Between August and September 2014, imports to non-EU countries increased by £1.2 billion (8.2%)
to £16.1 billion. Imports from Norway increased by £0.5 billion, from both China and Nigeria by £0.3
billion and from Singapore by £0.1 billion.
At the commodity level, the data are shown in Table 5.
Office for National Statistics | 10
UK Trade, September 2014 | 07 November 2014
Table 5: Change in Key Commodity Value (Non-EU), September 2014 Compared with August
2014
Exports
(£m)
Imports
(£m)
+440
+911
+25
-10
+350
+239
Intermediate
goods
-42
+267
Capital goods
-81
+21
+192
+5
+53
-298
Oil (see section on 'trade in
oil')
Cars
Consumer goods other than cars
Chemicals
Semi-manufactured goods other than chemicals
Table source: Office for National Statistics
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Quarterly Analysis
In Q3 2014, the deficit on trade in goods with EU countries widened by £0.4 billion to £16.7
billion. The deficit on trade in goods with non-EU countries widened by £0.5 billion to £12.4 billion.
Between Q2 and Q3 2014, exports to the EU decreased by £0.4 billion (1.2%) to £35.6 billion. There
were no significant downward country movements.
Between Q2 and Q3 2014, imports from the EU decreased by less than £0.1 billion to £52.3
billion. There were no significant downward country movements.
At the commodity level, the data are shown in Table 6.
Office for National Statistics | 11
UK Trade, September 2014 | 07 November 2014
Table 6: Change in Key Commodity Value (EU), Q3 2014 Compared with Q2 2014
Exports
(£m)
Imports
(£m)
Oil (see section 'trade in oil')
-186
+489
Cars
-289
-143
Consumer goods other than cars
+75
+97
Intermediate
goods
+92
-100
Capital goods
+1
-127
Chemicals
+13
-178
Semi-manufactured goods other than chemicals
+69
+2
Table source: Office for National Statistics
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Between Q2 and Q3 2014, exports to non-EU countries increased by £0.1 billion (0.3%) to £35.1
billion. Exports to Switzerland increased by £1.3 billion and to China by £0.3 billion.
Between Q2 and Q3 2014, imports from non-EU countries increased by £0.6 billion (1.3%) to
£47.4 billion. There were large increases from the USA (up £1.4 billion), Canada (up £0.9 billion)
and Switzerland (up £0.7 billion). This was partially offset by falls in imports from Norway (down £1.4
billion), China (down £1.0 billion) and Hong Kong (down £0.4 billion).
At the commodity level, the data are shown in Table 7.
Office for National Statistics | 12
UK Trade, September 2014 | 07 November 2014
Table 7: Change in Key Commodity Value (Non-EU), Q3 2014 Compared with Q2 2014
Exports
(£m)
Imports
(£m)
-11
+458
-142
+132
+46
+400
Intermediate
goods
-286
+9
Capital goods
-146
-137
Chemicals
+198
-51
Semi-manufactured goods other than chemicals
+119
+86
Oil (see section on 'trade in
oil')
Cars
Consumer goods other than cars
Table source: Office for National Statistics
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Trade in Goods - Geographical Analysis
Monthly Analysis
In September 2014, almost two thirds of the UK's exports and imports of goods were attributed to
the top ten significant trading partners, shown in table 8.
Although exports to the USA fell by £0.1 billion, it remained the UK’s largest export partner
with a value of £3.0 billion; accounting for 12% of the total goods exported by the UK in
September. Administrative data suggests that the main commodities exported to the USA were
chemicals, machinery and transport equipment and miscellaneous manufactures. There was a
record level of UK exports (£1.7 billion) to Switzerland in September 2014, accounting for 7% of the
UK's total export of goods. This increase caused the UK's trade balance with Switzerland to move
into a surplus of £1.0 billion, the largest surplus on record.
Between August 2014 and September 2014, there were increases in imports from nine of the
UK’s top ten significant trading partner countries. Imports from Norway increased by £0.5 billion,
reflecting an increase in oil imports from the Norwegian Continental Shelf. Imports from China
increased by £0.3 billion; source data attributed this increase to imports of machinery and transport
equipment and miscellaneous manufactures. Outside the top ten partner countries, the UK's deficit
with Canada continued to widen as imports from Canada increased to a record monthly level of £0.9
billion.
Office for National Statistics | 13
UK Trade, September 2014 | 07 November 2014
Table 8: Change in Monthly Trade with Significant Partner Countries, September 2014
Compared with August 2014
Exports (£m)
Imports (£m)
September 1-month
2014 Change
Value
September 1-month
2014 Change
Value
1
USA
2,956
-144
1
Germany
4,889
+158
2
Germany
2,384
-42
2
China
2,846
+296
3
Netherlands
2,022
+214
3
USA
2,654
+50
4
France
1,647
-153
4
Netherlands
2,548
+105
5
Irish
Republic
1,434
+3
5
France
2,012
+191
6
China
1,229
+166
6
Belgium/
Luxembourg
1,742
+14
7
Belgium/
Luxembourg
1,092
+102
7
Norway
1,199
+468
8
Spain
669
-95
8
Italy
1,197
-86
9
Italy
668
-18
9
Spain
1,138
+117
10
United
Arab
Emirates
474
+4
10
Irish
Republic
915
+15
Table source: Office for National Statistics
Table notes:
1. Significant trading partners defined as top 10 export markets & import sources 2013 (see attached table 14).
2. USA includes Puerto Rico.
3. United Arab Emirates includes Dubai.
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Office for National Statistics | 14
UK Trade, September 2014 | 07 November 2014
Figure 6: Significant Partner Countries, One-Month Balances, September 2014
Source: Office for National Statistics
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Quarterly Analysis
Between Q2 and Q3 2014, exports to South Korea fell by £0.5 billion, exports to Germany and
Denmark both fell by £0.3 billion and exports to the USA and India both fell by £0.2 billion. These
falls were partially offset by strength elsewhere, particularly in exports to Switzerland which saw a
quarterly rise of £1.3 billion. Anecdotal evidence suggests this sharp increase in exports was caused
by the export of miscellaneous manufactures in September.
Between Q2 and Q3 2014, imports from the USA rose by £1.4 billion. This rise in imports was the
primary factor in the UK's trade surplus with the US falling to £1.6 billion; the smallest quarterly
surplus since Q4 2006. Imports from Canada rose by £0.9 billion due to particular strength in
August and September, resulting in the largest quarterly deficit with the UK on record. Imports from
Switzerland rose by £0.7 billion over the quarter, mainly due to atypical strength in August from
miscellaneous manufactures.
Office for National Statistics | 15
UK Trade, September 2014 | 07 November 2014
Table 9: Change in Quarterly Trade with Significant Partner Countries, Q3 2014 Compared
with Q2 2014
Exports (£m)
Imports
(£m)
Q3 2014 Quarterly
Value change
Q3 2014 Quarterly
Value change
1
USA
9,164
-197
1
Germany
14,464
+35
2
Germany
7,338
-290
2
China
8,475
-1027
3
Netherlands
5,609
+166
3
USA
7,599
+1389
4
France
4,891
+532
4
Netherlands
7,561
-84
5
Irish
Republic
4,374
-102
5
France
5,862
-291
6
China
3,406
+316
6
Belgium/
Luxembourg
5,182
+282
7
Belgium/
Luxembourg
3,152
-146
7
Norway
3,835
-1396
8
Spain
2,193
-17
8
Italy
3,550
+108
9
Italy
2,061
-71
9
Spain
3,268
-109
10
United
Arab
Emirates
1,455
-41
10
Irish
Republic
2,674
+302
Table source: Office for National Statistics
Table notes:
1. Significant trading partners defined as top 10 export markets and import sources 2013 (see attached table 14).
2. USA includes Puerto Rico.
3. United Arab Emirates includes Dubai.
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Office for National Statistics | 16
UK Trade, September 2014 | 07 November 2014
Figure 7: Significant Partner Countries, Quarterly Balances, Q3 2014
Source: Office for National Statistics
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Volume of Total Trade in Goods, Excluding Oil and Erratics
Between September 2014 and August 2014, the total volume of exports increased by 0.2% and the
total volume of imports increased by 3.4%. At the commodity level, the data are shown in Table 10.
Office for National Statistics | 17
UK Trade, September 2014 | 07 November 2014
Table 10: Change in Key Commodity Volume, September 2014 Compared with August 2014
Exports % change
Imports % change
+2.2
+2.0
-19.0
-1.9
+3.2
-3.1
+2.1
+1.1
+2.0
+5.7
-1.5
+4.3
+11.3
+6.9
Intermediate goods
-1.1
+4.0
Capital goods
-2.1
+5.9
Food, beverages and tobacco
Basic materials
Semi-manufactured goods; of which
Chemicals
Finished manufactured goods; of which
Cars
Consumer goods other than cars
Table source: Office for National Statistics
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In Q3 2014, the volume of exports decreased by 1.1% and the volume of imports increased by 0.2%,
when compared with Q2 2014. At the commodity level, the data are shown in Table 11.
Table 11: Change in Key Commodity Volume, Q3 2014 Compared with Q2 2014
Exports %
change
Imports %
change
Food, beverages and tobacco
+1.5
-0.3
Basic materials
+7.9
-2.2
Semi-manufactured goods; of which
+1.8
-0.7
+0.7
-3.0
-3.7
-0.9
Cars
-6.0
+0.7
Consumer goods other than cars
-3.0
+4.3
Intermediate goods
-3.4
-0.7
Capital goods
-0.3
-3.7
Chemicals
Finished manufactured goods; of
which
Table source: Office for National Statistics
Office for National Statistics | 18
UK Trade, September 2014 | 07 November 2014
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Figure 8: Volume of Exports of Goods (Finished Manufactures), Q3 2014 Compared with Q2
2014
Source: Office for National Statistics
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Office for National Statistics | 19
UK Trade, September 2014 | 07 November 2014
Figure 9: Volume of Imports of Goods (Finished Manufactures), Q3 2014 Compared with Q2
2014
Source: Office for National Statistics
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Export and Import Prices for Trade in Goods (Not Seasonally Adjusted)
In September 2014, compared with August 2014, export prices increased by 0.1% and import
prices were unchanged. Excluding the oil price effect, export prices increased by 0.4% and import
prices increased by 0.3%.
In Q3 2014, when compared with the Q2 2014, export prices increased by 0.1% and import prices
decreased by 0.3%. Excluding the oil price effect, export prices increased by 0.9% and import prices
increased by 0.2%.
Trade in Oil
In September 2014, the balance on trade in oil was in deficit by £1.6 billion, compared with a deficit
of £1.2 billion in August 2014. Oil exports increased by £0.5 billion to £2.7 billion and oil imports
Office for National Statistics | 20
UK Trade, September 2014 | 07 November 2014
increased by £0.9 billion to £4.3 billion. The balance of trade in oil has widened over the past three
consecutive months; despite strength in September's export level, the UK's import level remains
higher.
In Q3 2014, the balance on trade in oil was in deficit by £3.8 billion, compared with a deficit of £2.7
billion in Q2 2014. Oil exports decreased by £0.2 billion to £7.7 billion and oil imports increased by
£0.9 billion to £11.5 billion.
Figure 10: Balance of Trade in Oil
Source: Office for National Statistics
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Trade in Services
ONS has suspended the publication of expenditure estimates for UK residents’ visits abroad and
overseas residents’ visits to the UK within the September 2014 Overseas Travel and Tourism
release, published on 13 November 2014. The National Statistician has recommended that the
Authority considers suspending the National Statistics designation for these series until the errors
have been corrected. These data also feed into the UK Trade release as imports and exports
Office for National Statistics | 21
UK Trade, September 2014 | 07 November 2014
of services and as such the National Statistician has also asked the Authority to consider the
implications for the UK Trade release.
Corrected data will be published for all months, January to September 2014, as soon as possible.
ONS will announce the timetable for the publishing of corrected figures prior to their release. Please
note that the UK Trade time series data are also affected by this error and will be updated with the
corrected data. The ONS statement regarding this error can be found here: http://www.ons.gov.uk/
ons/media-centre/statements/correction-to-overseas-travel-and-tourism-expenditure-data/index.html.
In September 2014, the UK’s estimated surplus on trade in services was £7.0 billion.
Exports in September 2014 were estimated to have been £16.9 billion and imports £10.0 billion.
In Q3 2014, the estimated surplus on trade in services was £21.5 billion.
In Q3 2014, exports were estimated to have been £50.9 billion and total imports £29.4 billion.
Figure 12: Value of UK Trade in Services
Source: Office for National Statistics
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Office for National Statistics | 22
UK Trade, September 2014 | 07 November 2014
Revisions
There are no revisions to Trade in Services in this release.
Records Sheet
The UK Trade record information for September 2014 can be accessed at the UK Trade Records
Sheet, September 2014. (35.5 Kb Excel sheet)
Background notes
1.
What's New?
On 10 June 2014, ONS published an article ' Methodological changes to the measurement
of Trade due to the introduction of new international standards ' describing changes that
were introduced in the August 2014 UK Trade Release published on 10 October 2014, in
order to comply with European statistical guidelines.
Erratics
Non-monetary gold is now included in the erratics series; along with ships, aircraft, precious
stones and silver. In compliance with the BPM6 changes, non-monetary gold which is held as a
store of wealth is now recorded within trade in goods.
Non-Monetary Gold
To comply with international statistical guidelines, ONS introduced estimates for trade in
non-monetary gold and other precious metals into the quarterly national accounts from 30
September 2014, and the monthly UK Trade statistics released on 10 October 2014. In
developing these estimates further it had been proposed to use data from a Bank of England
(BoE) survey collecting estimates of physical holdings of gold and other precious metals
for the reporting period March 2013 onwards, as described in the article 'Measurement of
Nonmonetary Gold' published on 23 January 2014.
However, on receiving the aggregated survey results, the data were volatile with large monthly
changes that, despite being on a net trade basis, significantly distorted the estimated monthly
trade balance. Due to this volatility and given that the survey is relatively new, having only
commenced from the reporting period March 2013, it has been decided to undertake further
work to quality assure these data and to review the methods used to measure non-monetary
gold and other precious metals more generally. In addition, further disclosure assessment
is required to ensure the confidentiality of businesses within the survey is maintained. So,
the method used for the series pre-2013, derived from BoE information of gold as a store of
wealth by UK MFI's, has been extended with the survey information being used to inform the
movements of the later periods, but rescaled to the level of the pre-2013 data.
We will, keep users informed of progress and it is likely we will seek views on how best to
proceed.
Office for National Statistics | 23
UK Trade, September 2014 | 07 November 2014
Changes to the UK Trade Release
To improve the format of the bulletin and the supporting commentary, we have combined the
geographical content of the bulletin under the new section headings 'Analysis by Area' and
'Geographical Analysis'. To ensure users needs are met, the changes are purely presentational;
the content and associated data remain as published in previous releases and no data has been
withdrawn from users.
Revisions
In this release, periods from July 2014 are open for revision.
EMU Enlargement
As of 1 January 2014, Latvia joined the European Monetary Union (EMU). Therefore the EMU
totals in this UK Trade release include Latvia.
2.
Missing Trader Intra-Community (MTIC) Fraud
Users should also be aware that for some data prior to April 2012, the monthly data does not
sum precisely to the quarters for the MTIC series due to rounding.
3.
UK Trade designated as National Statistics
The United Kingdom Statistics Authority has designated these statistics as National Statistics, in
accordance with the Statistics and Registration Service Act 2007 and signifying compliance with
the Code of Practice for Official Statistics.
Designation can be broadly interpreted to mean that the statistics:
•
•
•
•
meet identified user needs;
are well explained and readily accessible;
are produced according to sound methods, and
are managed impartially and objectively in the public interest.
Once statistics have been designated as National Statistics it is a statutory requirement that the
Code of Practice shall continue to be observed.
4.
Special Events
An article outlining the ONS policy on special events is available on the ONS website.
5.
Code of Practice for Official Statistics
National Statistics are produced to high professional standards set out in the Code of Practice
for Official Statistics. They undergo regular quality assurance reviews to ensure that they meet
Office for National Statistics | 24
UK Trade, September 2014 | 07 November 2014
customer needs. They are produced free from any political interference. © Crown copyright
2014.
6.
Short Guide to UK Trade
Ever since statistics on exports and imports of goods were first collected in 1697, UK trade has
been one of the country’s key economic indicators.
All information included in the monthly UK Trade statistical bulletin is on a Balance of Payments
(BoP) basis and is seasonally adjusted unless otherwise specified. The release contains tables
showing the total value of trade in goods together with index numbers of volume and price,
figures analysed by broad commodity group (values and indices) and according to geographical
area (values only). In addition the Trade statistical bulletin also includes early monthly estimates
of the value of trade in services.
Data appearing in the UK Trade statistical bulletin are also used as a direct input into the
quarterly Balance of Payments and National Accounts.
Interpreting the data
Monthly commodity movements for food, beverages & tobacco, basic materials, fuels other than
oil and erratics (ships, aircraft, precious stones, silver and non-monetary gold) are only detailed
in this statistical bulletin where they are equal to or exceed £200 million (£400 million for threemonthly comparisons).
In months where quarterly and three-monthly ending percentage changes for index data
coincide, there may be small differences between the data for methodological reasons.
Quarterly data are the indexed form of an underlying constant price (for volume indices) or
consistent quantity (for price indices) series. Three-month ending data are the average of the
index data in that period.
VAT Missing Trader Intra Community (MTIC) fraud
Import figures for trade in goods include adjustments to allow for the impact of VAT MTIC fraud.
The adjustments to trade in goods relate only to part of the carousel version of VAT MTIC fraud.
This fraud leads to under recording of imports as fraudsters import goods from the EU, which
they then sell on before disappearing without paying VAT on that sale. The goods are eventually
exported. Such exports are declared and are therefore already reflected in the UK’s trade in
goods statistics.
Changes to the pattern of trading associated with MTIC fraud can make it difficult to analyse
trade by commodity group and by country as changes in the impact of activity associated with
this fraud affect both imports and exports. However, the MTIC trade adjustments are added to
the EU import estimates derived from Intrastat returns as it is this part of the trading chain that is
not generally recorded. In particular, adjustments affect trade in capital goods and intermediate
goods - these categories include mobile phones and computer components, which are still the
most widely affected goods.
Office for National Statistics | 25
UK Trade, September 2014 | 07 November 2014
International convention determines that the treatment of the impact is to adjust imports upwards
by the relevant amounts of missing declarations (non-response). However, users may wish to
interpret short term movements in imports excluding that part of the fraudulent activity that is not
included in the import estimates. For this purpose an analysis of the import figures with the VAT
MTIC adjustments excluded is shown in Table 13.
Definitions and explanations
A glossary of terms is published in the UK Balance of Payments - The Pink Book, 2014.
Use of the data
UK Trade is a key economic indicator due to the importance of international trade to the UK
economy. It is also a very timely statistic, providing an early indicator of what is happening more
generally in the economy.
In addition, it is a major component of two other key economic statistics: UK gross domestic
product (GDP) and the UK Balance of Payments. This means that there is a threefold potential
for UK Trade statistics to inform the government’s view of the UK economy, as well as the
views of others, such as economists, City analysts, academics, the media and international
organisations.
Notes on tables
Rounding:
The sum of constituent items in tables does not always agree exactly with the totals shown due
to rounding.
Symbols:
7.
..
Not applicable
-
Nil or less than half the final digit shown.
Methods
Composition of the data
Detailed methodological notes are published in the UK Balance of Payments - The Pink Book,
2014.
Seasonal adjustment
Seasonal adjustment aims to remove effects associated with the time of the year or the
arrangement of the calendar so that movements within a time series may be more easily
interpreted.
Deflation
Office for National Statistics | 26
UK Trade, September 2014 | 07 November 2014
It is common for the value of a group of financial transactions to be measured in several time
periods. The values measured will include both the change in the volume sold and the effect of
the change of prices over that year. Deflation is the process whereby the effect of price change
is removed from a set of values.
Chain-linked indices (chained volume measures) which are indexed to form the volume
series in this bulletin differ from fixed base indices in that the growth from one year to the
next is estimated by weighting the components using the contribution to value of trade in
the immediately preceding year (effectively re-basing every year). This series of annually reweighted annual growths is then ‘chain-linked’ to produce a continuous series.
The implied price deflators derived by comparing current price data to chained volume
measures data are not the same as the price indices published in this statistical bulletin because
the former are current weighted while the latter are base (2011) weighted.
Changes in trade associated with VAT MTIC fraud mean that comparisons of volume and prices
(both including and excluding trade associated with VAT MTIC fraud) should be treated with a
great deal of caution.
A paper (384.4 Kb Pdf), Statistics on Trade in Goods (GSS Methodological Series No. 36)
describing the adjustments that need to be applied to conform to IMF definitions for Balance of
Payments and the division of responsibility between ONS and HMRC is available on the ONS
website.
The Overseas Trade Statistics (OTS) data used as inputs to this statistical bulletin are
collected and published by Her Majesty’s Revenue and Customs (HMRC) on an International
Merchandise Trade Statistics (IMTS) basis.
8.
Quality
Basic quality information
Accuracy: Trade in goods figures for the most recent months are provisional and subject to
revision in the light of (a) late trader data, revisions to trade prices and revised estimates of
trading associated with VAT MTIC fraud, and (b) revisions to seasonal adjustment factors which
are re-estimated every month.
Trade in services estimates have been derived from a number of monthly and quarterly sources.
For components where no monthly data are available, estimates have been derived on the basis
of recent trends. The results should be used with appropriate caution, as they are therefore
likely to be less reliable than those for trade in goods.
Reliability: Revisions to data provide one indication of the reliability of key indicators. The table
below shows summary information on the size and direction of the revisions which have been
made to the data covering a five-year period. A statistical test has been applied to the average
revision to find out if it is statistically significantly different from zero. An asterisk (*) shows that
the test is significant. An article explaining the past revisions performance for UK Trade statistics
Office for National Statistics | 27
UK Trade, September 2014 | 07 November 2014
and what is being done to improve the first published estimates was published on 9 May 2005
on the ONS website.
Table 12: Revisions Analysis, UK Trade, September 2014
£million
Revisions between first
publication and estimates
twelve months later
Value in
latest period
Average
over the
last 5 years
(mean
revision)
Average
over the
last 5 years
without
regard
to sign
(average
absolute
revision)
Total trade
exports
(IKBH)
40,891
708
945
Total trade
imports (IKBI)
43,729
159
469
Total trade
balance
(IKBJ)
-2,838
551*
712
Table source: Office for National Statistics
Download table
XLS format
(30.5 Kb)
The table covers estimates of UK trade first published from December 2009 (for October 2009)
to November 2013 (for August 2013). Revision spreadsheets giving these estimates and the
calculations behind the averages in the table are available on the ONS website.
An article (2.33 Mb Pdf) analysing past revisions to quarterly balance of payments current
account data was published in the May 2007 edition of Economic & Labour Market Review. It is
available on the ONS website.
More information about revisions material in this statistical bulletin can be found on the ONS
website.
Office for National Statistics | 28
UK Trade, September 2014 | 07 November 2014
9.
The coverage of EMU countries was extended to cover Cyprus and Malta from July 2008,
Slovakia from January 2009, Estonia from January 2011 and Latvia from January 2014. Some
EU and non-EU breakdowns of commodity data for chained volume measures which are
available on request may be less reliable than the current price data. Please consult Katherine
Kent on 01633 455829 if you are considering using them.
Data have been combined for the United States & Puerto Rico and for Dubai, Abu Dhabi &
Sharjah (the United Arab Emirates) from January 2009 onwards. Estimates are separately
available for the United States and Dubai up to the end of 2008 on request.
10. Summary quality report
A Summary Quality Report (91.3 Kb Pdf) for this statistical bulletin and associated data can be
found on the ONS website.
11. National Accounts revisions policy
National Accounts revision policy (27.8 Kb Pdf) can be found on the ONS website.
12. Revisions
Revisions Table 17R shows revisions to the main aggregates since the last Trade Statistical
Bulletin of 10 October 2014. The revisions to trade in goods from July 2014 reflect revised data
from Her Majesty’s Revenue and Customs and other data suppliers, revised estimates of trading
associated with VAT MTIC fraud, later survey data on trade prices and a re-assessment of
seasonal factors.
There are no revisions to trade in services.
13. Publication policy
A list of the organisations given pre-publication access to the contents of this bulletin can be
found on the ONS website.
14. Accessing data
Supplementary quarterly data analysed by industry according to the Classification of Product by
Activity (08) (UK Trade in Goods by Classification of Product by Activity) are also available.
The complete run of data in the tables of this statistical bulletin are also available to view and
download in other electronic formats free of charge using the ONS Time Series Data website
service. Users can download the complete statistical bulletin in a choice of zipped formats, or
view and download their own selections of individual series.
15. Follow ONS on Twitter and receive up to date information about our statistical releases.
16. Like ONS on Facebook to receive our updates in your newsfeed and to post comments on our
page.
Office for National Statistics | 29
UK Trade, September 2014 | 07 November 2014
17. Watch our videos at YouTube.
18. Next publication: 10 December 2014
Issued by: Office for National Statistics, Government Buildings, Cardiff Road, Newport, NP10
8XG
Contact us:
Tel 0845 601 3034
Email [email protected]
ONS Homepage
19. Details of the policy governing the release of new data are available by visiting
www.statisticsauthority.gov.uk/assessment/code-of-practice/index.html or from the Media
Relations Office email: [email protected]
These National Statistics are produced to high professional standards and released according to
the arrangements approved by the UK Statistics Authority.
Copyright
© Crown copyright 2014
You may use or re-use this information (not including logos) free of charge in any format
or medium, under the terms of the Open Government Licence. To view this licence, visit
www.nationalarchives.gov.uk/doc/open-government-licence/ or write to the Information Policy Team,
The National Archives, Kew, London TW9 4DU, or email: [email protected].
This document is also available on our website at www.ons.gov.uk.
Statistical contacts
Name
Katherine Kent
Phone
Department
+44 (0)1633 455829 UK Trade/Trade
and Transfers
Email
[email protected]
Office for National Statistics | 30
UK Trade, September 2014 | 07 November 2014
Next Publication Date:
10 December 2014
Issuing Body:
Office for National Statistics
Media Contact Details:
Telephone: 0845 604 1858
(8.30am-5.30pm Weekdays)
Emergency out of hours (limited service): 07867 906553
Email:
[email protected]
Office for National Statistics | 31
OFFICIAL - SENSITIVE until 9.30am on Friday 7th November 2014.
1
VALUE OF UK TRADE IN GOODS AND SERVICES
Balance of Payments basis
£ million seasonally adjusted
Total trade
Trade in goods
Trade in goods
excluding oil
Oil
Expor ts
Impor ts
Balance
Exports
Imports
Balance
Expor ts
Impor ts
Balance
Exports
Imports
Balance
2011
2012
2013
IKBH
499 452
500 735
511 275
IKBI
523 277
535 204
543 375
IKBJ
−23 825
−34 469
−32 100
BOKG
309 184
305 142
306 810
BOKH
405 699
414 114
417 006
BOKI
−96 515
−108 972
−110 196
ELBL
37 966
39 516
39 314
ENXO
49 461
53 896
49 327
ENXQ
−11 495
−14 380
−10 013
ELBM
271 218
265 626
267 496
ENXP
356 238
360 218
367 679
BQKH
−85 020
−94 592
−100 183
2013 Q1
Q2
Q3
Q4
126 242
132 491
126 922
125 620
133 530
137 024
138 278
134 543
−7 288
−4 533
−11 356
−8 923
75 919
79 812
76 195
74 884
102 692
105 604
106 052
102 658
−26 773
−25 792
−29 857
−27 774
10 660
9 712
9 877
9 065
11 920
12 972
12 866
11 569
−1 260
−3 260
−2 989
−2 504
65 259
70 100
66 318
65 819
90 772
92 632
93 186
91 089
−25 513
−22 532
−26 868
−25 270
2014 Q1
Q2
Q3
122 959
121 965
121 629
130 370
128 426
129 178
−7 411
−6 461
−7 549
72 172
71 088
70 740
99 309
99 195
99 789
−27 137
−28 107
−29 049
8 553
7 871
7 674
10 808
10 547
11 494
−2 255
−2 676
−3 820
63 619
63 217
63 066
88 501
88 648
88 295
−24 882
−25 431
−25 229
2014 Apr
May
Jun
40 817
40 758
40 390
42 869
42 881
42 676
−2 052
−2 123
−2 286
23 897
23 794
23 397
32 956
33 175
33 064
−9 059
−9 381
−9 667
2 843
2 571
2 457
3 615
3 635
3 297
−772
−1 064
−840
21 054
21 223
20 940
29 341
29 540
29 767
−8 287
−8 317
−8 827
Jul
Aug
Sep
40 787
39 951
40 891
43 730
41 719
43 729
−2 943
−1 768
−2 838
23 797
22 985
23 958
34 075
31 935
33 779
−10 278
−8 950
−9 821
2 862
2 146
2 666
3 843
3 361
4 290
−981
−1 215
−1 624
20 935
20 839
21 292
30 232
28 574
29 489
−9 297
−7 735
−8 197
4.2
5.8
24.2
27.6
2.2
3.2
Percentage change, latest month compared with:
Previous month
2.4
4.8
3 months ended:
2013 Sep
126 922
138 278
−11 356
76 195
106 052
−29 857
9 877
12 866
−2 989
66 318
93 186
−26 868
2014 Jun
121 965
128 426
−6 461
71 088
99 195
−28 107
7 871
10 547
−2 676
63 217
88 648
−25 431
2014 Sep
121 629
129 178
−7 549
70 740
99 789
−29 049
7 674
11 494
−3 820
63 066
88 295
−25 229
−0.5
0.6
−2.5
9.0
−0.2
−0.4
−7.2
−5.9
−22.3
−10.7
−4.9
−5.2
Percentage change, latest 3 months compared with:
Previous 3 months
−0.3
0.6
Same 3 months last year
−4.2
−6.6
Trade in goods
excluding erratics
Erratics 1
Trade in goods
excluding oil and erratics
Trade in services
Expor ts
Impor ts
Balance
Exports
Imports
Balance
Expor ts
Impor ts
Balance
Exports
Imports
Balance
BPAL
23 253
21 188
20 932
BQBB
21 011
24 418
20 279
BQKW
2 242
−3 230
653
BPAO
285 931
283 954
285 878
BQBE
384 688
389 696
396 727
BPBM
−98 757
−105 742
−110 849
BPBL
247 965
244 438
246 564
BQBG
335 227
335 800
347 400
BPAP
−87 262
−91 362
−100 836
IKBB
190 268
195 593
204 465
IKBC
117 578
121 090
126 369
IKBD
72 690
74 503
78 096
2013 Q1
Q2
Q3
Q4
4 596
6 703
4 671
4 962
5 083
5 459
5 698
4 039
−487
1 244
−1 027
923
71 323
73 109
71 524
69 922
97 609
100 145
100 354
98 619
−26 286
−27 036
−28 830
−28 697
60 663
63 397
61 647
60 857
85 689
87 173
87 488
87 050
−25 026
−23 776
−25 841
−26 193
50 323
52 679
50 727
50 736
30 838
31 420
32 226
31 885
19 485
21 259
18 501
18 851
2014 Q1
Q2
Q3
3 631
3 380
3 584
4 412
4 377
3 860
−781
−997
−276
68 541
67 708
67 156
94 897
94 818
95 929
−26 356
−27 110
−28 773
59 988
59 837
59 482
84 089
84 271
84 435
−24 101
−24 434
−24 953
50 787
50 877
50 889
31 061
29 231
29 389
19 726
21 646
21 500
2014 Apr
May
Jun
1 048
1 283
1 049
1 378
1 681
1 318
−330
−398
−269
22 849
22 511
22 348
31 578
31 494
31 746
−8 729
−8 983
−9 398
20 006
19 940
19 891
27 963
27 859
28 449
−7 957
−7 919
−8 558
16 920
16 964
16 993
9 913
9 706
9 612
7 007
7 258
7 381
Jul
Aug
Sep
1 125
1 076
1 383
1 714
1 080
1 066
−589
−4
317
22 672
21 909
22 575
32 361
30 855
32 713
−9 689
−8 946
−10 138
19 810
19 763
19 909
28 518
27 494
28 423
−8 708
−7 731
−8 514
16 990
16 966
16 933
9 655
9 784
9 950
7 335
7 182
6 983
3.0
6.0
0.7
3.4
−0.2
1.7
2011
2012
2013
Percentage change, latest month compared with:
Previous month
28.5
−1.3
3 months ended:
2013 Sep
4 671
5 698
−1 027
71 524
100 354
−28 830
61 647
87 488
−25 841
50 727
32 226
18 501
2014 Jun
3 380
4 377
−997
67 708
94 818
−27 110
59 837
84 271
−24 434
50 877
29 231
21 646
2014 Sep
3 584
3 860
−276
67 156
95 929
−28 773
59 482
84 435
−24 953
50 889
29 389
21 500
−0.8
1.2
−0.6
0.2
0.0
0.5
−6.1
−4.4
−3.5
−3.5
0.3
−8.8
Percentage change, latest 3 months compared with:
Previous 3 months
6.0
−11.8
Same 3 months last year
−23.3
−32.3
1 These are defined as ships, aircraft, precious stones, silver and non-monetary gold.
†
Earliest date for revisions to trade in goods is July 2014. There are no revisions to trade in services.
OFFICIAL - SENSITIVE until 9.30am on Friday 7th November 2014.
2
UK TRADE IN GOODS BY AREA
Balance of Payments basis
£ million seasonally adjusted
EMU members
1
2
Total EU (28)
Non-EU
3
Total
Expor ts
Impor ts
Balance
Exports
Imports
Balance
Expor ts
Impor ts
Balance
Exports
Imports
Balance
MHO3
146 771
136 531
137 186
MHO5
174 654
177 189
189 531
MHN9
−27 883
−40 658
−52 345
L87S
165 220
153 181
154 914
L87U
205 641
209 644
221 354
L87Q
−40 421
−56 463
−66 440
L87M
143 964
151 961
151 896
L87O
200 058
204 470
195 652
L87K
−56 094
−52 509
−43 756
BOKG
309 184
305 142
306 810
BOKH
405 699
414 114
417 006
BOKI
−96 515
−108 972
−110 196
2012 Q2
Q3
Q4
33 403
34 042
33 903
43 710
44 415
44 627
−10 307
−10 373
−10 724
37 434
38 189
38 081
51 756
52 442
52 661
−14 322
−14 253
−14 580
37 952
38 322
37 537
50 588
50 909
50 256
−12 636
−12 587
−12 719
75 386
76 511
75 618
102 344
103 351
102 917
−26 958
−26 840
−27 299
2013 Q1
Q2
Q3
Q4
34 192
34 492
35 433
33 069
46 157
47 133
47 943
48 298
−11 965
−12 641
−12 510
−15 229
38 632
38 816
40 147
37 319
54 321
54 787
56 006
56 240
−15 689
−15 971
−15 859
−18 921
37 287
40 996
36 048
37 565
48 371
50 817
50 046
46 418
−11 084
−9 821
−13 998
−8 853
75 919
79 812
76 195
74 884
102 692
105 604
106 052
102 658
−26 773
−25 792
−29 857
−27 774
2014 Q1
Q2
Q3
31 248
31 562
31 515
45 153
44 922
45 174
−13 905
−13 360
−13 659
35 481
36 088
35 648
52 527
52 364
52 345
−17 046
−16 276
−16 697
36 691
35 000
35 092
46 782
46 831
47 444
−10 091
−11 831
−12 352
72 172
71 088
70 740
99 309
99 195
99 789
−27 137
−28 107
−29 049
2013 Mar
Apr
May
Jun
11 455
11 113
11 749
11 630
16 214
15 517
15 616
16 000
−4 759
−4 404
−3 867
−4 370
12 933
12 530
13 201
13 085
18 867
17 966
18 227
18 594
−5 934
−5 436
−5 026
−5 509
12 955
12 991
12 598
15 407
16 516
16 806
17 233
16 778
−3 561
−3 815
−4 635
−1 371
25 888
25 521
25 799
28 492
35 383
34 772
35 460
35 372
−9 495
−9 251
−9 661
−6 880
Jul
Aug
Sep
Oct
Nov
Dec
12 463
11 705
11 265
10 826
10 753
11 490
15 945
15 790
16 208
16 043
16 104
16 151
−3 482
−4 085
−4 943
−5 217
−5 351
−4 661
14 063
13 327
12 757
12 225
12 127
12 967
18 668
18 373
18 965
18 689
18 862
18 689
−4 605
−5 046
−6 208
−6 464
−6 735
−5 722
11 604
12 074
12 370
12 597
12 492
12 476
17 124
16 632
16 290
15 790
15 595
15 033
−5 520
−4 558
−3 920
−3 193
−3 103
−2 557
25 667
25 401
25 127
24 822
24 619
25 443
35 792
35 005
35 255
34 479
34 457
33 722
−10 125
−9 604
−10 128
−9 657
−9 838
−8 279
2014 Jan
Feb
Mar
Apr
May
Jun
10 517
10 060
10 671
10 677
10 436
10 449
15 227
15 125
14 801
14 855
14 843
15 224
−4 710
−5 065
−4 130
−4 178
−4 407
−4 775
11 805
11 497
12 179
12 191
11 966
11 931
17 630
17 592
17 305
17 326
17 263
17 775
−5 825
−6 095
−5 126
−5 135
−5 297
−5 844
11 963
11 951
12 777
11 706
11 828
11 466
16 087
14 999
15 696
15 630
15 912
15 289
−4 124
−3 048
−2 919
−3 924
−4 084
−3 823
23 768
23 448
24 956
23 897
23 794
23 397
33 717
32 591
33 001
32 956
33 175
33 064
−9 949
−9 143
−8 045
−9 059
−9 381
−9 667
Jul
Aug
Sep
10 474
10 455
10 586
15 105
14 739
15 330
−4 631
−4 284
−4 744
11 963
11 791
11 894
17 637
17 041
17 667
−5 674
−5 250
−5 773
11 834
11 194
12 064
16 438
14 894
16 112
−4 604
−3 700
−4 048
23 797
22 985
23 958
34 075
31 935
33 779
−10 278
−8 950
−9 821
0.9
3.7
7.8
8.2
4.2
5.8
2011
2012
2013
Percentage change on previous month:
2014 Sep
1.3
4.0
3 months ended:
2013 Sep
35 433
47 943
−12 510
40 147
56 006
−15 859
36 048
50 046
−13 998
76 195
106 052
−29 857
2014 Jun
31 562
44 922
−13 360
36 088
52 364
−16 276
35 000
46 831
−11 831
71 088
99 195
−28 107
2014 Sep
31 515
45 174
−13 659
35 648
52 345
−16 697
35 092
47 444
−12 352
70 740
99 789
−29 049
−1.2
0.0
0.3
1.3
−0.5
0.6
−11.2
−6.5
−2.7
−5.2
−7.2
−5.9
Percentage change, latest 3 months compared with:
Previous 3 months
−0.1
0.6
Same 3 months last year
−11.1
−5.8
1 Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Irish
Republic, Italy, Latvia, Luxembourg, Malta, Netherlands, Por tugal, Slovakia,
Slovenia, and Spain
2 EMU Members plus Czech Republic, Denmark, Hungar y, Lithuania, Poland,
Sweden, Bulgaria, Romania and Croatia
3 Total less EU (28)
†
Earliest date for revisions to trade in goods is July 2014.
OFFICIAL - SENSITIVE until 9.30am on Friday 7th November 2014.
3
VOLUME AND PRICE INDICES (TRADE IN GOODS) 1
Balance of Payments basis
Indices 2011=100
Volume (seasonally adjusted)
Total
Expor ts Impor ts
Price index (not seasonally adjusted)
Total excluding oil
Total excluding oil
and erratics 2
Expor ts
Impor ts
Expor ts
Total
Impor ts Expor ts Impor ts
Total excluding oil
& erratics 2
Total excluding oil
Terms of
Terms of
trade 3 Expor ts Impor ts trade 3
Expor ts
Impor ts
BQKU
100.0
99.2
98.7
BQKV
100.0
102.6
102.9
BQKI
100.0
98.6
97.9
BQKJ
100.0
101.8
103.3
BOMA
100.0
99.5
99.0
ELAL
100.0
100.9
103.9
BQKR
100.0
99.8
100.9
BQKS
100.0
99.8
100.2
BQKT
100.0
100.0
100.7
BQKK
100.0
99.7
101.2
BQKL
100.0
99.7
100.3
BQKM
100.0
100.0
100.9
BQAK
100.0
99.5
100.9
ELBA
100.0
99.5
100.2
2012 Q2
Q3
Q4
98.4
100.5
98.1
101.5
103.7
103.0
96.6
99.4
98.9
100.6
102.6
101.8
97.2
100.6
99.1
100.4
101.8
101.6
99.9
98.4
99.1
99.8
98.7
99.2
100.1
99.7
99.9
100.0
98.4
99.2
99.9
98.9
99.3
100.1
99.5
99.9
99.8
98.2
98.9
99.7
98.7
99.2
2013 Q1
Q2
Q3
Q4
97.2
102.9
97.3
97.4
99.7
103.7
105.1
103.2
95.6
102.2
96.6
97.4
100.8
103.2
105.3
104.0
97.3
101.3
98.4
98.9
101.4
103.2
105.3
105.6
101.9
101.2
101.4
99.2
101.7
100.4
100.2
98.6
100.2
100.8
101.2
100.6
101.7
102.0
101.4
99.6
101.4
100.9
100.0
98.8
100.3
101.1
101.4
100.8
101.4
101.7
101.1
99.3
101.3
100.9
100.0
98.8
2014 Q1
Q2
Q3
97.0
95.7
95.0
101.3
101.9
103.5
97.4
96.9
95.6
102.5
103.6
103.1
100.3
100.3
99.1
103.8
104.7
105.0
96.6
95.9
96.0
97.2
96.2
95.9
99.4
99.7
100.1
96.9
96.3
97.2
97.6
96.7
96.8
99.3
99.6
100.4
97.1
96.3
98.0
97.6
96.7
98.1
2013 Mar
Apr
May
Jun
99.2
98.9
100.1
109.7
102.4
102.1
104.5
104.6
98.4
97.7
98.3
110.7
103.3
101.4
103.0
105.3
100.2
97.4
98.9
107.5
103.7
101.1
103.2
105.5
103.1
101.8
101.0
100.8
102.4
101.0
100.5
99.6
100.7
100.8
100.5
101.2
103.0
102.6
101.8
101.6
102.2
101.4
101.1
100.3
100.8
101.2
100.7
101.3
102.8
102.2
101.5
101.4
102.1
101.4
101.1
100.3
Jul
Aug
Sep
Oct
Nov
Dec
97.4
97.5
96.9
96.0
96.4
99.9
105.6
104.0
105.8
104.0
104.4
101.2
95.2
97.2
97.3
96.4
96.4
99.5
105.6
103.4
107.0
103.9
105.4
102.7
97.0
98.3
99.8
97.8
97.9
101.0
103.8
104.3
107.8
104.8
106.9
105.2
102.3
101.5
100.5
100.3
98.8
98.6
101.1
100.2
99.3
99.2
98.5
98.0
101.2
101.3
101.2
101.1
100.3
100.6
102.5
101.4
100.3
100.6
99.3
98.8
101.1
99.9
98.9
99.3
98.8
98.1
101.4
101.5
101.4
101.3
100.5
100.7
102.3
101.2
99.9
100.4
99.0
98.5
101.1
99.9
98.9
99.4
98.9
98.2
2014 Jan
Feb
Mar
Apr
May
Jun
94.8
94.6
101.7
96.7
96.4
94.1
103.3
99.5
101.1
101.4
102.3
101.9
95.4
94.9
101.8
96.5
97.9
96.2
103.6
100.9
103.0
102.7
103.5
104.6
99.0
98.0
104.0
100.2
100.6
99.9
103.8
102.9
104.7
104.2
103.9
106.1
96.9
96.3
96.6
96.4
96.0
95.3
97.5
97.0
97.1
96.4
96.1
96.2
99.4
99.3
99.5
100.0
99.9
99.1
97.2
96.5
97.1
96.9
96.4
95.5
97.8
97.3
97.7
97.0
96.5
96.5
99.4
99.2
99.4
99.9
99.9
99.0
97.4
96.6
97.2
97.1
96.4
95.5
97.8
97.3
97.7
97.0
96.6
96.6
Jul
Aug
Sep
95.8
93.0
96.3
106.2
98.7
105.6
95.6
94.9
96.2
106.4
99.8
103.0
99.6
98.8
99.0
107.0
102.2
105.7
95.8
96.1
96.2
96.3
95.7
95.7
99.5
100.4
100.5
96.5
97.3
97.7
96.7
96.8
97.1
99.8
100.5
100.6
97.3
98.1
98.5
98.0
98.1
98.3
Percentage change, latest month compared with:
Previous month
3.5
7.0
1.4
3.2
0.2
3.4
0.1
0.0
0.4
0.3
0.4
0.2
2011
2012
2013
3 months ended:
2013 Sep
97.3
105.1
96.6
105.3
98.4
105.3
101.4
100.2
101.2
101.4
100.0
101.4
101.1
100.0
2014 Jun
95.7
101.9
96.9
103.6
100.2
104.7
95.9
96.2
99.7
96.3
96.7
99.6
96.3
96.7
2014 Sep
95.0
103.5
95.6
103.1
99.1
105.0
96.0
95.9
100.1
97.2
96.9
100.3
98.0
98.1
−0.5
−1.1
0.2
0.1
−0.3
0.9
0.2
1.7
1.4
−2.2
0.8
−0.3
−5.3
−4.3
−4.2
−3.1
−3.1
−1.8
Percentage change, latest 3 months compared with:
Previous 3 months
−0.7
1.6
−1.3
Same 3 months last year
−2.3
−1.6
−1.0
1 These are provisional estimates subject to fluctuations when new or
amended data become available.
2 These are defined as ships, aircraft, precious stones, silver and non-monetary gold.
3 Expor t price index as a percentage of the import price index.
4 Please note, any differences between the quarterly and three monthly indices are due to rounding.
†
Earliest date for revisions to trade in goods is July 2014.
OFFICIAL - SENSITIVE until 9.30am on Friday 7th November 2014.
4
GROWTH RATES FOR VOLUME AND PRICE INDICES 1 2
(TRADE IN GOODS)
Balance of Payments basis
Indices 2011=100
Volume (seasonally adjusted)
Total
Total excluding oil
Price index (not seasonally adjusted)
Total excluding oil and
erratics 3
Total
Total excluding oil
Total excluding oil and
erratics 3
Expor ts
Impor ts
Expor ts
Impor ts
Expor ts
Impor ts
Expor ts
Impor ts
Expor ts
Impor ts
Expor ts
Impor ts
2007
2008
2009
2010
2011
−8.6
1.8
−10.1
10.8
6.8
−2.3
−1.7
−10.8
12.2
1.7
−9.2
1.5
−11.6
12.7
9.1
−2.8
−1.2
−11.6
13.8
1.8
−10.0
1.3
−10.8
11.4
8.1
−3.1
−1.4
−12.0
13.0
3.6
−0.5
13.8
1.0
6.7
7.9
−0.1
14.0
1.0
4.8
8.7
−0.7
10.8
4.6
3.6
4.3
0.1
10.1
4.2
2.0
5.7
−1.1
10.0
4.8
4.0
4.6
−
10.4
4.0
1.9
5.4
2012
2013
−0.8
−0.5
2.6
0.3
−1.4
−0.7
1.8
1.5
−0.5
−0.5
0.9
3.0
−0.2
1.1
−0.2
0.4
−0.3
1.5
−0.3
0.6
−0.5
1.4
−0.5
0.7
2012 Q2
Q3
Q4
−1.2
2.1
−2.4
−0.6
2.2
−0.7
−2.8
2.9
−0.5
−1.5
2.0
−0.8
−3.8
3.5
−1.5
0.5
1.4
−0.2
−1.9
−1.5
0.7
−1.8
−1.1
0.5
−1.0
−1.6
0.8
−0.8
−1.0
0.4
−1.1
−1.6
0.7
−0.8
−1.0
0.5
2013 Q1
Q2
Q3
Q4
−0.9
5.9
−5.4
0.1
−3.2
4.0
1.4
−1.8
−3.3
6.9
−5.5
0.8
−1.0
2.4
2.0
−1.2
−1.8
4.1
−2.9
0.5
−0.2
1.8
2.0
0.3
2.8
−0.7
0.2
−2.2
2.5
−1.3
−0.2
−1.6
2.5
0.3
−0.6
−1.8
2.1
−0.5
−0.9
−1.2
2.5
0.3
−0.6
−1.8
2.1
−0.4
−0.9
−1.2
2014 Q1
Q2
Q3
−0.4
−1.3
−0.7
−1.8
0.6
1.6
−
−0.5
−1.3
−1.4
1.1
−0.5
1.4
−
−1.2
−1.7
0.9
0.3
−2.6
−0.7
0.1
−1.4
−1.0
−0.3
−2.7
−0.6
0.9
−1.2
−0.9
0.1
−2.2
−0.8
1.8
−1.2
−0.9
1.4
2013 Apr
May
Jun
−0.3
1.2
9.6
−0.3
2.4
0.1
−0.7
0.6
12.6
−1.8
1.6
2.2
−2.8
1.5
8.7
−2.5
2.1
2.2
−1.3
−0.8
−0.2
−1.4
−0.5
−0.9
−0.4
−0.8
−0.2
−0.8
−0.3
−0.8
−0.6
−0.7
−0.1
−0.7
−0.3
−0.8
Jul
Aug
Sep
Oct
Nov
Dec
−11.2
0.1
−0.6
−0.9
0.4
3.6
1.0
−1.5
1.7
−1.7
0.4
−3.1
−14.0
2.1
0.1
−0.9
−
3.2
0.3
−2.1
3.5
−2.9
1.4
−2.6
−9.8
1.3
1.5
−2.0
0.1
3.2
−1.6
0.5
3.4
−2.8
2.0
−1.6
1.5
−0.8
−1.0
−0.2
−1.5
−0.2
1.5
−0.9
−0.9
−0.1
−0.7
−0.5
0.9
−1.1
−1.1
0.3
−1.3
−0.5
0.8
−1.2
−1.0
0.4
−0.5
−0.7
0.9
−1.1
−1.3
0.5
−1.4
−0.5
0.8
−1.2
−1.0
0.5
−0.5
−0.7
2014 Jan
Feb
Mar
Apr
May
Jun
−5.1
−0.2
7.5
−4.9
−0.3
−2.4
2.1
−3.7
1.6
0.3
0.9
−0.4
−4.1
−0.5
7.3
−5.2
1.5
−1.7
0.9
−2.6
2.1
−0.3
0.8
1.1
−2.0
−1.0
6.1
−3.7
0.4
−0.7
−1.3
−0.9
1.7
−0.5
−0.3
2.1
−1.7
−0.6
0.3
−0.2
−0.4
−0.7
−0.5
−0.5
0.1
−0.7
−0.3
0.1
−1.6
−0.7
0.6
−0.2
−0.5
−0.9
−0.3
−0.5
0.4
−0.7
−0.5
−
−1.1
−0.8
0.6
−0.1
−0.7
−0.9
−0.4
−0.5
0.4
−0.7
−0.4
−
Jul
Aug
Sep
1.8
−2.9
3.5
4.2
−7.1
7.0
−0.6
−0.7
1.4
1.7
−6.2
3.2
−0.3
−0.8
0.2
0.8
−4.5
3.4
0.5
0.3
0.1
0.1
−0.6
−
1.0
0.8
0.4
0.2
0.1
0.3
1.9
0.8
0.4
1.4
0.1
0.2
Monthly:
3 month on 3 month comparison:
2013 Apr
May
Jun
0.4
1.7
5.9
−0.7
3.1
4.0
−1.1
1.6
7.0
0.9
2.8
2.4
−1.0
1.4
4.1
1.5
2.4
1.8
3.1
1.5
−0.7
2.5
0.7
−1.3
3.0
2.1
0.3
2.2
1.2
−0.4
3.1
2.0
0.3
2.2
1.3
−0.3
Jul
Aug
Sep
Oct
Nov
Dec
4.6
2.1
−5.5
−5.5
−5.0
0.2
3.8
1.7
1.3
−0.3
−
−1.8
5.0
3.0
−5.5
−4.4
−4.3
0.9
2.9
2.1
2.0
0.1
0.6
−1.3
3.6
2.1
−2.9
−2.5
−2.4
0.5
2.1
1.8
2.0
1.4
1.9
0.3
−1.1
−0.4
0.2
−0.6
−1.6
−2.2
−1.5
−1.0
−0.2
−0.8
−1.3
−1.6
−0.6
−0.6
−0.6
−1.2
−1.7
−1.8
−0.9
−1.1
−1.0
−1.5
−1.4
−1.2
−0.5
−0.5
−0.6
−1.2
−1.8
−1.8
−0.9
−1.1
−1.0
−1.4
−1.4
−1.1
2014 Jan
Feb
Mar
Apr
May
Jun
0.2
−
−0.4
0.7
1.9
−1.3
−1.6
−3.2
−1.8
−2.2
0.3
0.6
0.1
−0.1
−0.1
0.7
2.2
−0.5
−0.8
−2.9
−1.4
−1.6
0.7
1.1
0.7
0.8
1.4
1.4
2.3
−0.1
−0.3
−2.4
−1.7
−1.3
0.3
0.9
−2.6
−2.6
−2.7
−1.7
−1.0
−0.7
−1.6
−1.5
−1.4
−1.2
−1.0
−1.0
−2.3
−2.6
−2.6
−1.6
−0.7
−0.7
−1.1
−1.3
−1.1
−0.9
−0.7
−1.0
−2.2
−2.3
−2.2
−1.4
−0.6
−0.8
−1.1
−1.3
−1.2
−1.0
−0.7
−0.9
Jul
Aug
Sep
−2.3
−4.0
−0.7
2.8
0.7
1.6
−1.2
−3.2
−1.3
2.6
0.5
−0.5
−0.7
−2.1
−1.1
1.7
0.8
0.2
−0.8
−0.6
0.1
−0.7
−0.5
−0.3
−0.7
−0.4
0.9
−0.8
−0.4
0.2
−0.6
0.1
1.7
−0.3
0.5
1.4
1 These are provisional estimates subject to fluctuations when new or
amended data become available.
2 Growth rates are derived from monthly, quar terly and annual indices measures. Due to rounding of these indices to one decimal place, discrepancies
occur for 3 month on 3 month comparisons, relative to quar terly growth
rates for the corresponding periods.
3 These are defined as ships, aircraft, precious stones, silver and non-monetary gold.
†
Earliest date for revisions to trade in goods is July 2014.
OFFICIAL - SENSITIVE until 9.30am on Friday 7th November 2014.
5
VOLUME INDICES WITH COUNTRIES INSIDE AND OUTSIDE THE EU (TRADE IN GOODS) 1
Balance of Payments basis
Indices 2011=100 seasonally adjusted
Trade in goods with EU countries
Total
Total excluding oil
3
Trade in goods with Non-EU countries
Total excluding
oil and erratics 2
Total
Total excluding oil
Total excluding
oil & erratics 2
Expor ts
Impor ts
Expor ts
Impor ts
Expor ts
Impor ts
Expor ts
Impor ts
Expor ts
Impor ts
Expor ts
Impor ts
LGCT
100.0
94.0
93.8
LGDL
100.0
103.6
108.3
LKUL
100.0
92.4
91.8
LKVD
100.0
103.1
108.5
SHBS
100.0
92.3
91.7
SHCO
100.0
102.4
108.8
LGEH
100.0
105.1
104.3
LGFA
100.0
101.6
97.4
LKVZ
100.0
105.0
104.3
LKWS
100.0
100.1
97.2
SHDJ
100.0
107.6
107.1
SHED
100.0
99.0
97.5
2012 Q2
Q3
Q4
93.0
95.2
93.2
102.4
104.4
104.3
91.0
92.2
92.4
101.8
103.9
103.6
91.0
92.6
91.5
101.3
102.7
102.9
104.7
106.7
103.7
100.6
103.0
101.8
102.4
106.8
105.7
99.2
101.0
99.7
104.2
109.5
107.6
99.3
100.5
100.1
2013 Q1
Q2
Q3
Q4
92.6
94.8
96.3
91.7
105.6
106.5
109.8
111.3
89.3
92.2
93.6
92.3
105.6
106.8
110.6
111.0
89.0
91.6
93.7
92.6
106.2
107.1
110.6
111.3
102.4
112.2
98.5
104.0
93.7
100.8
100.3
95.0
102.1
112.7
99.7
102.8
95.2
99.0
99.0
95.6
106.6
112.1
103.6
106.0
95.2
98.2
98.5
98.3
2014 Q1
Q2
Q3
89.8
91.9
91.0
106.2
106.6
106.8
90.6
92.2
90.6
107.5
108.7
107.5
90.9
92.5
91.7
107.1
108.8
107.7
105.3
100.1
99.7
96.3
97.0
100.1
104.5
101.8
100.8
96.6
97.5
97.8
110.9
108.9
107.5
99.5
99.4
101.4
2013 Mar
Apr
May
Jun
93.3
92.1
96.8
95.4
109.9
104.9
106.1
108.4
90.7
89.7
92.1
94.8
109.6
105.6
106.0
108.8
91.2
89.1
91.8
93.8
110.3
105.9
106.6
108.9
106.1
106.6
103.9
126.1
94.8
99.2
102.7
100.6
106.4
106.0
104.7
127.4
95.8
96.3
99.5
101.1
110.3
106.7
106.8
122.9
95.0
94.8
98.7
101.1
Jul
Aug
Sep
Oct
Nov
Dec
99.7
96.4
92.6
89.0
89.7
96.4
109.3
107.7
112.5
110.9
112.2
110.6
93.5
93.9
93.3
89.6
90.2
97.0
110.7
108.0
113.2
109.8
111.7
111.6
93.6
94.1
93.5
89.6
90.3
97.8
110.1
108.3
113.2
109.8
112.0
112.2
94.7
98.8
101.9
104.0
104.2
103.9
101.7
100.1
99.0
97.0
96.3
91.5
97.0
100.7
101.3
103.5
102.9
102.1
99.5
98.0
99.6
96.9
97.8
92.0
100.9
103.0
106.8
107.0
106.3
104.6
95.7
99.0
100.9
98.3
100.4
96.0
2014 Jan
Feb
Mar
Apr
May
Jun
88.5
87.2
93.7
93.5
91.5
90.9
106.6
106.7
105.2
105.8
105.1
108.8
89.9
90.5
91.4
92.2
91.4
93.0
107.1
107.6
107.7
107.7
107.5
110.8
90.2
91.2
91.3
92.5
91.5
93.6
105.8
107.8
107.6
108.2
106.8
111.4
102.1
103.0
110.8
100.4
102.0
97.8
99.9
92.0
96.8
96.9
99.4
94.8
101.2
99.4
112.8
101.1
104.6
99.5
99.5
92.9
97.4
96.7
98.7
97.1
108.8
105.6
118.1
108.9
110.8
107.0
101.3
96.5
100.8
98.8
100.3
99.2
Jul
Aug
Sep
91.2
90.7
90.9
108.6
103.6
108.3
91.4
90.3
90.0
110.1
103.9
108.6
92.6
91.4
90.9
110.2
104.4
108.5
101.1
95.5
102.6
103.8
93.7
102.9
100.0
99.7
102.6
101.9
94.9
96.5
107.3
107.1
107.9
102.8
99.4
102.1
4.5
−0.3
4.5
−0.5
3.9
7.4
9.8
2.9
1.7
0.7
2.7
2011
2012
2013
Percentage change on previous month:
2014 Sep
0.2
3 months ended:
2013 Sep
96.2
109.8
93.6
110.6
93.7
110.5
98.5
100.3
99.7
99.0
103.6
98.5
2014 Jun
92.0
106.6
92.2
108.7
92.5
108.8
100.1
97.0
101.7
97.5
108.9
99.4
2014 Sep
90.9
106.8
90.6
107.5
91.6
107.7
99.7
100.1
100.8
97.8
107.4
101.4
Percentage change, latest 3 months compared with:
Previous 3 months
−1.1
0.3
−1.8
−1.0
−1.0
−1.0
−0.3
3.2
−1.0
0.3
−1.3
2.0
−2.8
−2.2
−2.6
1.3
−0.1
1.1
−1.3
3.7
2.9
Same 3 months last year
−5.5
−2.7
−3.2
1 These are provisional estimates subject to fluctuations when new or
amended data become available.
2 These are defined as ships, aircraft, precious stones, silver and non-monetary gold
3 Includes trade with the Canary Islands, French Guiana, Guadeloupe Martinique and Reunion.
4 Please note, any differences between the quarterly and three monthly indices are due to rounding.
†
Earliest date for revisions to trade in goods is July 2014.
OFFICIAL - SENSITIVE until 9.30am on Friday 7th November 2014.
6
PRICE INDICES WITH COUNTRIES INSIDE AND OUTSIDE THE EU (TRADE IN GOODS) 1
Balance of Payments basis
Indices 2011=100 not seasonally adjusted
Trade in goods with EU countries
Total
Total excluding oil
3
Trade in goods with Non-EU countries
Total excluding
oil and erratics 2
Total
Total excluding oil
Total excluding
oil & erratics 2
Expor ts
Impor ts
Expor ts
Impor ts
Expor ts
Impor ts
Expor ts
Impor ts
Expor ts
Impor ts
Expor ts
Impor ts
LGCR
100.0
98.9
100.2
LGDJ
100.0
98.5
99.4
LKUJ
100.0
98.6
100.4
LKVB
100.0
98.4
99.4
SHBQ
100.0
98.3
100.0
SHCM
100.0
98.4
99.4
LGEF
100.0
100.8
101.8
LGEY
100.0
101.1
101.0
LKVX
100.0
100.8
102.0
LKWQ
100.0
101.2
101.3
SHDH
100.0
100.8
101.9
SHEB
100.0
100.9
101.3
2012 Q2
Q3
Q4
99.1
97.0
97.9
98.6
97.5
98.1
99.1
96.7
97.9
98.6
97.5
98.1
98.9
96.4
97.5
98.6
97.5
98.1
100.8
100.0
100.4
101.1
100.0
100.3
100.9
100.2
100.6
101.4
100.5
100.7
100.9
100.3
100.5
101.0
100.3
100.6
2013 Q1
Q2
Q3
Q4
101.5
100.1
100.8
98.5
100.3
99.5
99.4
98.4
101.1
101.0
100.6
98.8
100.0
99.8
99.3
98.5
100.8
100.6
100.3
98.4
100.0
99.8
99.3
98.6
102.4
102.5
102.2
100.1
103.2
101.2
101.0
98.7
102.3
103.1
102.2
100.4
102.9
102.4
100.8
99.1
102.2
103.0
102.1
100.2
102.8
102.4
100.8
99.1
2014 Q1
Q2
Q3
96.7
95.7
94.7
97.1
96.5
96.4
97.3
96.2
96.0
97.3
96.7
96.7
97.3
96.2
95.7
97.4
96.7
96.9
96.4
96.1
97.6
97.2
96.0
95.4
96.6
96.3
98.4
97.9
96.7
97.1
96.9
96.5
100.6
97.9
96.8
99.8
2013 Mar
Apr
May
Jun
102.3
100.6
99.9
99.8
100.5
99.9
99.5
99.2
102.0
101.4
100.6
100.8
100.3
100.0
99.7
99.5
101.7
101.0
100.3
100.4
100.3
100.1
99.8
99.5
104.1
103.2
102.4
101.9
104.4
102.0
101.5
100.1
104.1
103.8
102.9
102.5
104.4
103.1
102.8
101.3
104.1
103.6
102.9
102.4
104.4
103.1
102.8
101.3
Jul
Aug
Sep
Oct
Nov
Dec
101.5
101.1
99.8
99.4
97.9
98.2
100.2
99.5
98.6
99.0
98.3
97.9
101.6
100.8
99.5
99.7
98.4
98.3
100.2
99.3
98.4
99.0
98.5
97.9
101.2
100.5
99.1
99.3
98.1
97.9
100.2
99.3
98.4
99.1
98.6
98.0
103.3
102.1
101.2
101.3
99.7
99.1
102.1
100.9
100.0
99.4
98.6
98.1
103.5
102.0
101.1
101.6
100.1
99.3
102.3
100.7
99.5
99.7
99.3
98.3
103.5
101.9
100.9
101.5
100.0
99.1
102.3
100.6
99.5
99.7
99.2
98.3
2014 Jan
Feb
Mar
Apr
May
Jun
97.0
96.4
96.8
96.3
95.9
95.0
97.2
96.9
97.3
96.9
96.4
96.0
97.4
96.8
97.5
97.0
96.4
95.3
97.3
97.0
97.5
97.2
96.7
96.1
97.5
96.8
97.6
97.1
96.3
95.2
97.4
97.1
97.6
97.3
96.7
96.2
96.9
96.1
96.3
96.5
96.1
95.6
97.7
97.0
97.0
95.8
95.8
96.5
97.0
96.2
96.6
96.8
96.3
95.7
98.4
97.6
97.8
96.6
96.4
97.1
97.3
96.4
96.8
97.2
96.5
95.9
98.4
97.5
97.8
96.7
96.4
97.2
Jul
Aug
Sep
94.9
95.0
94.2
97.1
96.2
96.0
95.8
96.4
95.9
96.7
96.6
96.6
95.4
96.0
95.5
97.0
96.9
96.8
96.8
97.4
98.5
95.6
95.2
95.4
97.3
98.2
99.5
96.6
96.9
97.6
99.5
100.4
101.8
99.4
99.6
100.3
−0.2
−0.5
0.0
−0.5
−0.1
1.1
0.2
1.3
0.7
1.4
0.7
2011
2012
2013
Percentage change on previous month:
2014 Sep
−0.8
3 months ended:
2013 Sep
100.8
99.4
100.6
99.3
100.3
99.3
102.2
101.0
102.2
100.8
102.1
100.8
2014 Jun
95.7
96.4
96.2
96.7
96.2
96.7
96.1
96.0
96.3
96.7
96.5
96.8
2014 Sep
94.7
96.4
96.0
96.6
95.6
96.9
97.6
95.4
98.3
97.0
100.6
99.8
Percentage change, latest 3 months compared with:
Previous 3 months
−1.1
0.0
−0.2
0.0
−0.6
0.2
1.6
−0.7
2.1
0.3
4.2
3.1
−2.7
−4.6
−2.4
−4.5
−5.5
−3.8
−3.8
−1.5
−1.0
Same 3 months last year
−6.1
−3.0
−4.6
1 These are provisional estimates subject to fluctuations when new or
amended data become available.
2 These are defined as ships, aircraft, precious stones, silver and non-monetary gold.
3 Includes trade with the Canary Islands, French Guiana, Guadeloupe, Martinique and Reunion.
4 Please note, any differences between the quarterly and three monthly indices are due to rounding.
†
Earliest date for revisions to trade in goods is July 2014.
OFFICIAL - SENSITIVE until 9.30am on Friday 7th November 2014.
7
TRADE IN OIL1
Balance of Payments basis
Seasonally adjusted
Expor ts
Impor ts
Crude oil (SITC 333)
Balance of
Trade in Oil
£ million
Total
£ million
ENXQ
−11 495
−14 380
−10 013
2012 Q2
Q3
Q4
Crude oil (SITC 333)
£ million
million
tonnes
Avg value
per tonne £
Rest of
SITC 33
£ million
£ million
million
tonnes
Avg value2
per tonne £
Rest of
SITC 33
£ million
ELBL
37 966
39 516
39 314
BQNI
17 054
19 131
19 389
BOQM
34
34
35
BPBN
502
558
549
BOQN
20 912
20 385
19 925
ENXO
49 461
53 896
49 327
BQNJ
27 719
29 877
25 277
BQBH
53
56
49
BQAX
519
531
518
BQAY
21 742
24 019
24 050
−3 083
−3 365
−4 778
10 259
10 080
8 790
5 166
4 808
4 558
9
9
9
595
550
492
5 093
5 272
4 232
13 342
13 445
13 568
7 713
7 307
6 818
14
14
13
544
508
516
5 629
6 138
6 750
2013 Q1
Q2
Q3
Q4
−1 260
−3 260
−2 989
−2 504
10 660
9 712
9 877
9 065
4 856
4 638
4 948
4 947
9
8
9
9
550
554
568
524
5 804
5 074
4 929
4 118
11 920
12 972
12 866
11 569
5 983
7 139
7 091
5 064
11
14
14
10
534
510
523
506
5 937
5 833
5 775
6 505
2014 Q1
Q2
Q3
−2 255
−2 676
−3 820
8 553
7 871
7 674
4 002
3 557
4 087
9
6
9
425
576
464
4 551
4 314
3 587
10 808
10 547
11 494
5 163
5 356
5 690
10
11
12
492
499
464
5 645
5 191
5 804
2014 Apr
May
Jun
−772
−1 064
−840
2 843
2 571
2 457
1 496
1 062
999
2
2
2
902
441
474
1 347
1 509
1 458
3 615
3 635
3 297
1 837
1 993
1 526
3
4
3
525
485
487
1 778
1 642
1 771
Jul
Aug
Sep
−981
−1 215
−1 624
2 862
2 146
2 666
1 480
1 143
1 464
3
2
3
471
459
462
1 382
1 003
1 202
3 843
3 361
4 290
1 832
1 546
2 312
4
3
5
481
462
451
2 011
1 815
1 978
2013 Sep
−2 989
9 877
4 948
9
566
4 929
12 866
7 091
14
524
5 775
2014 Jun
−2 676
7 871
3 557
6
606
4 314
10 547
5 356
11
499
5 191
2014 Sep
−3 820
7 674
4 087
9
464
3 587
11 494
5 690
12
465
5 804
14.9
42.6
−23.4
−16.9
9.0
6.2
14.4
−6.9
11.8
−17.4
1.2
−18.1
−27.2
−10.7
−19.8
−9.5
−11.3
0.5
2011
2012
2013
2
Total
£ million
3 months ended:
Percentage change, latest 3 months compared with:
Previous 3 months
−2.5
Same 3 months last year
−22.3
1 Trade in petroleum and petroleum products. These figures differ from those
published by the Department of Energy and Climate Change which are
compiled from different sources and are on a time of shipment basis.
2 The average value per tonne may reflect not only changes in price but also
changes in the commodity mix.
†
Earliest date for revisions to trade in goods is July 2014.
OFFICIAL - SENSITIVE until 9.30am on Friday 7th November 2014.
8
VALUE OF TRADE IN GOODS BY COMMODITY
Balance of Payments basis
£ million seasonally adjusted
Food, beverages and
tobacco (SITC 0 + 1)
Basic materials
(SITC 2 + 4)
Fuels (SITC 3)
Expor ts
Impor ts
Balance
Exports
Imports
Balance
Exports
Imports
Balance
BOPL
21 104
19 038
19 804
BQAR
35 920
36 589
38 192
ELBE
−14 816
−17 551
−18 388
BOPM
8 991
8 464
7 670
BQAS
11 900
10 674
12 491
ELBF
−2 909
−2 210
−4 821
BOPN
42 713
43 714
42 921
BQAT
61 837
65 287
61 740
ELBG
−19 124
−21 573
−18 819
2012 Q4
4 760
9 343
−4 583
2 090
2 672
−582
9 581
16 463
−6 882
2013 Q1
Q2
Q3
Q4
4 782
4 997
5 203
4 822
9 424
9 573
9 617
9 578
−4 642
−4 576
−4 414
−4 756
2 037
1 985
1 786
1 862
3 106
3 193
3 087
3 105
−1 069
−1 208
−1 301
−1 243
11 473
10 762
10 841
9 845
15 307
16 626
15 573
14 234
−3 834
−5 864
−4 732
−4 389
2014 Q1
Q2
Q3
4 660
4 725
4 661
9 151
9 218
9 072
−4 491
−4 493
−4 411
1 773
1 654
1 774
2 893
2 774
2 740
−1 120
−1 120
−966
9 272
8 746
8 514
13 261
12 775
13 605
−3 989
−4 029
−5 091
2014 Apr
May
Jun
1 543
1 566
1 616
3 132
2 996
3 090
−1 589
−1 430
−1 474
561
526
567
948
902
924
−387
−376
−357
3 146
2 897
2 703
4 330
4 411
4 034
−1 184
−1 514
−1 331
Jul
Aug
Sep
1 530
1 575
1 556
3 014
3 011
3 047
−1 484
−1 436
−1 491
599
636
539
949
897
894
−350
−261
−355
3 183
2 380
2 951
4 608
3 973
5 024
−1 425
−1 593
−2 073
3 months ended:
2013 Sep
5 203
9 617
−4 414
1 786
3 087
−1 301
10 841
15 573
−4 732
2014 Jun
4 725
9 218
−4 493
1 654
2 774
−1 120
8 746
12 775
−4 029
2014 Sep
4 661
9 072
−4 411
1 774
2 740
−966
8 514
13 605
−5 091
7.3
−1.2
−2.7
6.5
−0.7
−11.2
−21.5
−12.6
2011
2012
2013
Percentage change, latest 3 months compared with:
Previous 3 months
−1.4
−1.6
−10.4
Same 3 months last year
−5.7
Semi-manufactures
(SITC 5 + 6)
Finished manufactures
(SITC 7 + 8)
Total manufactures
(SITC 5 to 8)
Miscellaneous
(SITC 9)
Expor ts
Impor ts
Balance
Exports
Imports
Balance
Expor ts
Impor ts
Balance
Exports
Imports
Balance
2011
2012
2013
BOPO
87 832
85 226
81 108
BQAU
101 418
103 174
98 056
ELBH
−13 586
−17 948
−16 948
BOPP
136 640
139 923
147 065
BQAV
187 382
190 905
201 625
ELBI
−50 742
−50 982
−54 560
BPAN
224 472
225 149
228 173
BQBD
288 800
294 079
299 681
ELBJ
−64 328
−68 930
−71 508
BOQL
11 904
8 777
8 242
BQAW
7 242
7 485
4 902
BQKX
4 662
1 292
3 340
2012 Q4
21 499
25 844
−4 345
35 261
47 176
−11 915
56 760
73 020
−16 260
2 427
1 419
1 008
2013 Q1
Q2
Q3
Q4
20 203
21 190
19 828
19 887
25 659
24 466
24 345
23 586
−5 456
−3 276
−4 517
−3 699
35 724
37 750
36 570
37 021
48 315
50 298
51 792
51 220
−12 591
−12 548
−15 222
−14 199
55 927
58 940
56 398
56 908
73 974
74 764
76 137
74 806
−18 047
−15 824
−19 739
−17 898
1 700
3 128
1 967
1 447
881
1 448
1 638
935
819
1 680
329
512
2014 Q1
Q2
Q3
18 839
18 502
18 901
22 370
22 981
22 840
−3 531
−4 479
−3 939
35 940
36 283
35 777
50 431
50 573
50 299
−14 491
−14 290
−14 522
54 779
54 785
54 678
72 801
73 554
73 139
−18 022
−18 769
−18 461
1 688
1 178
1 113
1 203
874
1 233
485
304
−120
2014 Apr
May
Jun
6 088
6 290
6 124
7 561
7 679
7 741
−1 473
−1 389
−1 617
12 187
12 152
11 944
16 686
16 907
16 980
−4 499
−4 755
−5 036
18 275
18 442
18 068
24 247
24 586
24 721
−5 972
−6 144
−6 653
372
363
443
299
280
295
73
83
148
Jul
Aug
Sep
6 249
6 213
6 439
7 850
7 574
7 416
−1 601
−1 361
−977
11 836
11 778
12 163
17 215
16 150
16 934
−5 379
−4 372
−4 771
18 085
17 991
18 602
25 065
23 724
24 350
−6 980
−5 733
−5 748
400
403
310
439
330
464
−39
73
−154
3 months ended:
2013 Sep
19 828
24 345
−4 517
36 570
51 792
−15 222
56 398
76 137
−19 739
1 967
1 638
329
2014 Jun
18 502
22 981
−4 479
36 283
50 573
−14 290
54 785
73 554
−18 769
1 178
874
304
2014 Sep
18 901
22 840
−3 939
35 777
50 299
−14 522
54 678
73 139
−18 461
1 113
1 233
−120
−1.4
−0.5
−0.2
−0.6
−5.5
41.1
−43.4
−24.7
Percentage change, latest 3 months compared with:
Previous 3 months
2.2
−0.6
Same 3 months last year
EXCLUDING ERRATICS
Previous 3 months
Same 3 months last year
−4.7
−6.2
−2.2
−2.9
−3.0
−3.9
1.9
−0.4
−1.9
0.3
−0.6
0.1
0.6
−2.8
−2.7
−2.7
−1.5
−2.8
1
1 These are defined as precious stone, silver and non monetary gold in semimanufactures, and as ships and aircraft in finished manufactures.
†
Earliest date for revisions to trade in goods is July 2014.
OFFICIAL - SENSITIVE until 9.30am on Friday 7th November 2014.
9
VOLUME INDICES (TRADE IN GOODS) BY COMMODITY 1
Balance of Payments basis
Indices 2011=100 seasonally adjusted
Food, beverages
and tobacco
(SITC 0 + 1)
Basic materials
(SITC 2 + 4)
Fuels
(SITC 3)
Semi-manufactures
(SITC 5 + 6)
Finished
manufactures
(SITC 7 + 8)
Total manufactures
(SITC 5 to 8)
Expor ts
Impor ts
Expor ts
Impor ts
Expor ts
Impor ts
Expor ts
Impor ts
Expor ts
Impor ts
Expor ts
Impor ts
68
89
29
29
138
152
284
250
442
462
726
712
BPEM
100
90
90
BQBK
100
101
103
BAFB
100
96
93
BQBL
100
90
107
BAFC
100
102
101
BQBM
100
105
100
BAHA
100
102
97
BQBN
100
104
100
BAHY
100
100
104
ELAB
100
102
107
BOGT
100
101
101
ELAJ
100
103
104
2012 Q2
Q3
Q4
88
93
90
99
102
102
90
95
95
90
88
91
110
107
90
105
108
108
96
104
103
106
104
105
99
101
101
101
103
101
98
102
102
103
103
103
2013 Q1
Q2
Q3
Q4
88
90
95
88
102
103
103
103
97
94
87
93
99
111
107
109
104
106
100
94
94
108
101
96
96
102
95
97
103
99
99
97
101
105
102
105
102
105
110
110
99
104
99
102
102
103
106
106
2014 Q1
Q2
Q3
89
90
92
98
100
101
91
85
92
109
108
105
91
87
90
90
87
101
94
93
94
95
97
96
106
107
103
111
111
110
101
101
100
105
106
105
2014 Apr
May
Jun
89
90
92
103
98
101
87
81
86
110
105
108
96
86
78
89
91
81
92
95
91
96
97
98
107
108
106
110
111
112
101
103
100
105
106
107
Jul
Aug
Sep
89
92
94
99
100
102
93
100
81
110
104
102
97
78
96
101
86
116
94
93
96
100
96
93
103
102
104
114
105
111
100
99
101
109
102
105
3 months ended:
2013 Sep
95
103
87
107
100
101
95
99
102
110
100
107
2014 Jun
90
101
85
108
87
87
93
97
107
111
101
106
2014 Sep
92
100
91
105
90
101
94
96
103
110
100
105
Percentage change, latest 3 months compared with:
Previous 3 months
1.5
−0.3
7.9
−2.2
4.2
16.1
1.8
−0.7
−3.7
−0.9
−1.3
−0.6
−1.9
−9.7
0.0
−0.4
−3.0
1.0
0.0
0.3
−1.2
1.3
−1.0
−3.1
0.0
−1.6
−0.3
5.5
−0.7
0.6
0.0
2.3
0.3
Weights2
(total trade = 1000)
2011
2012
2013
−3.8
Same 3 months last year
EXCLUDING ERRATICS
Previous 3 months
−2.6
5.0
3
Same 3 months last year
1 These are provisional estimates subject to fluctuations when new or
amended data become available.
2 The weights shown are in proportion to the total value of trade in 2011 and
are used to combine the volume indices to calculate the totals for 2012 onwards. For 2011 and earlier, totals are calculated using the equivalent
weights for the previous year (eg totals for 2011 use 2010 weights).
3 These are defined as precious stones, silver and non-monetary gold in semi-manufactures, and as ships and aircraft in finished manufactures.
†
Earliest date for revisions to trade in goods is July 2014.
OFFICIAL - SENSITIVE until 9.30am on Friday 7th November 2014.
10
PRICE INDICES (TRADE IN GOODS) BY COMMODITY 1
Balance of Payments Consistent basis
Indices 2011=100 not seasonally adjusted
Food, beverages
and tobacco
(SITC 0 + 1)
Basic materials
(SITC 2 + 4)
Fuels
(SITC 3)
Semi-manufactures
(SITC 5 + 6)
Finished
manufactures
(SITC 7 + 8)
Total manufactures
(SITC 5 to 8)
Expor ts
Impor ts
Expor ts
Impor ts
Expor ts
Impor ts
Expor ts
Impor ts
Expor ts
Impor ts
Expor ts
Impor ts
68
89
29
29
138
152
284
250
442
462
726
712
BPAI
100
100
104
ELAN
100
102
104
BPAW
100
98
91
ELAO
100
101
99
BPDU
100
101
99
ELAP
100
101
101
BQAA
100
96
96
ELAQ
100
98
97
BQAB
100
102
104
ELAR
100
100
101
BQAI
100
100
101
ELAY
100
99
99
2012 Q2
Q3
Q4
100
99
100
101
101
103
99
97
94
101
100
101
99
98
98
100
97
100
96
95
96
99
97
97
103
101
101
100
100
100
100
98
99
100
99
99
2013 Q1
Q2
Q3
Q4
104
106
103
103
103
105
105
105
93
95
90
85
102
103
98
94
104
96
102
97
106
98
102
99
98
97
96
94
99
98
97
96
104
105
105
103
101
101
101
99
102
102
102
100
101
100
99
98
2014 Q1
Q2
Q3
101
101
96
104
102
101
86
87
86
94
91
88
94
93
88
97
93
88
93
92
92
94
94
95
99
99
101
98
98
98
97
96
98
97
96
97
2014 Apr
May
Jun
103
101
101
102
103
102
87
87
86
92
92
89
92
93
94
93
94
93
92
92
91
94
94
93
100
99
98
98
97
98
97
96
95
96
96
96
Jul
Aug
Sep
97
96
95
101
101
100
86
85
85
88
88
88
90
88
86
92
87
86
91
92
92
95
95
95
100
102
102
98
99
99
97
98
98
97
97
97
3 months ended:
2013 Sep
103
104
90
98
102
102
96
97
105
100
102
99
2014 Jun
102
102
87
91
93
93
92
94
99
98
96
96
2014 Sep
96
101
85
88
88
88
92
95
101
99
98
97
Percentage change, latest 3 months compared with:
Previous 3 months
−5.6
−1.6
−1.5
−3.3
−5.4
−5.4
0.0
1.4
2.4
1.0
1.7
1.0
−10.2
−13.4
−13.4
−4.5
−2.1
−3.5
−1.7
−3.9
−2.3
−0.4
1.4
1.7
1.0
1.0
1.4
−5.5
−1.4
−3.2
−2.0
−4.0
−2.0
Weights2
(total trade = 1000)
2011
2012
2013
−6.8
Same 3 months last year
EXCLUDING ERRATICS
Previous 3 months
−3.5
−5.2
3
Same 3 months last year
1 These are provisional estimates subject to fluctuations when new or
amended data become available.
2 The weights shown are in proportion to the total value of trade in 2011 and
are used to combine the volume indices to calculate the totals for 2012 onwards. For 2011 and earlier, totals are calculated using the equivalent
weights for the previous year (eg totals for 2011 use 2010 weights).
3 These are defined as precious stones, silver and non-monetary gold in semi-manufactures, and as ships and aircraft in finished manufactures.
†
Earliest date for revisions to trade in goods is July 2014.
OFFICIAL - SENSITIVE until 9.30am on Friday 7th November 2014.
11
TRADE IN GOODS WITH SELECTED EU TRADING PARTNERS
Balance of Payments Consistent basis
£ million seasonally adjusted
Belgium & Luxembourg
France
Germany
Irish Republic
Expor ts
Impor ts
Balance
Exports
Imports
Balance
Exports
Imports
Balance
Exports
Imports
Balance
CHNQ
16 082
14 470
14 200
CHNY
20 364
19 223
20 859
CHNF
−4 282
−4 753
−6 659
ENYL
21 803
20 947
21 239
ENYP
23 401
22 899
24 469
ENYT
−1 598
−1 952
−3 230
ENYO
35 511
33 299
30 686
ENYS
51 403
53 648
57 412
ENYW
−15 892
−20 349
−26 726
CHNS
17 693
17 281
18 847
CHOA
13 263
13 068
12 570
CHNH
4 430
4 213
6 277
2012 Q2
Q3
Q4
3 550
3 617
3 573
4 564
4 763
4 902
−1 014
−1 146
−1 329
4 937
5 528
5 186
5 680
5 706
5 758
−743
−178
−572
8 352
7 911
8 520
13 132
13 641
13 577
−4 780
−5 730
−5 057
4 287
4 431
4 279
3 494
3 124
2 891
793
1 307
1 388
2013 Q1
Q2
Q3
Q4
3 756
3 656
3 564
3 224
5 343
5 153
5 188
5 175
−1 587
−1 497
−1 624
−1 951
5 200
5 502
5 360
5 177
5 937
6 104
6 264
6 164
−737
−602
−904
−987
7 926
7 373
7 946
7 441
13 937
14 381
14 587
14 507
−6 011
−7 008
−6 641
−7 066
4 709
4 651
4 737
4 750
3 020
3 232
2 999
3 319
1 689
1 419
1 738
1 431
2014 Q1
Q2
Q3
3 158
3 298
3 152
4 814
4 900
5 182
−1 656
−1 602
−2 030
4 615
4 359
4 891
6 079
6 153
5 862
−1 464
−1 794
−971
7 151
7 628
7 338
13 842
14 429
14 464
−6 691
−6 801
−7 126
4 572
4 476
4 374
2 945
2 372
2 674
1 627
2 104
1 700
2014 Apr
May
Jun
1 122
1 092
1 084
1 579
1 625
1 696
−457
−533
−612
1 407
1 492
1 460
2 008
2 047
2 098
−601
−555
−638
2 607
2 516
2 505
4 775
4 776
4 878
−2 168
−2 260
−2 373
1 492
1 490
1 494
762
810
800
730
680
694
Jul
Aug
Sep
1 070
990
1 092
1 712
1 728
1 742
−642
−738
−650
1 444
1 800
1 647
2 029
1 821
2 012
−585
−21
−365
2 528
2 426
2 384
4 844
4 731
4 889
−2 316
−2 305
−2 505
1 509
1 431
1 434
859
900
915
650
531
519
2013 Sep
3 564
5 188
−1 624
5 360
6 264
−904
7 946
14 587
−6 641
4 737
2 999
1 738
2014 Jun
3 298
4 900
−1 602
4 359
6 153
−1 794
7 628
14 429
−6 801
4 476
2 372
2 104
2014 Sep
3 152
5 182
−2 030
4 891
5 862
−971
7 338
14 464
−7 126
4 374
2 674
1 700
12.2
−4.7
−3.8
0.2
−2.3
12.7
−6.4
−7.7
−0.8
−7.7
2011
2012
2013
3 months ended:
Percentage change, latest 3 months compared with:
Previous 3 months
−4.4
5.8
Same 3 months last year
−11.6
−0.1
−8.7
Italy
Netherlands
Spain
−10.8
Sweden
Expor ts
Impor ts
Balance
Exports
Imports
Balance
Exports
Imports
Balance
Exports
Imports
Balance
CHNO
10 887
8 525
8 986
CHNW
14 322
14 546
15 294
CHOE
−3 435
−6 021
−6 308
CHNP
25 161
25 448
26 077
CHNX
29 020
31 843
35 324
CHNE
−3 859
−6 395
−9 247
CHNV
9 657
8 503
8 782
CHOD
11 993
11 755
12 464
CHNM
−2 336
−3 252
−3 682
CHNA
6 216
5 732
5 845
CHND
7 838
9 231
7 634
CHVI
−1 622
−3 499
−1 789
2012 Q2
Q3
Q4
2 170
2 063
2 103
3 657
3 717
3 561
−1 487
−1 654
−1 458
6 052
6 449
6 143
7 740
7 983
8 502
−1 688
−1 534
−2 359
2 047
2 113
2 177
2 899
2 968
2 985
−852
−855
−808
1 364
1 432
1 429
2 342
2 350
2 374
−978
−918
−945
2013 Q1
Q2
Q3
Q4
2 205
2 199
2 317
2 265
3 567
3 733
3 952
4 042
−1 362
−1 534
−1 635
−1 777
6 326
6 682
7 044
6 025
8 776
8 870
8 854
8 824
−2 450
−2 188
−1 810
−2 799
2 059
2 243
2 235
2 245
2 974
2 969
3 182
3 339
−915
−726
−947
−1 094
1 433
1 368
1 571
1 473
2 061
1 808
1 890
1 875
−628
−440
−319
−402
2014 Q1
Q2
Q3
2 049
2 132
2 061
3 699
3 442
3 550
−1 650
−1 310
−1 489
5 511
5 443
5 609
7 832
7 645
7 561
−2 321
−2 202
−1 952
2 273
2 210
2 193
3 194
3 377
3 268
−921
−1 167
−1 075
1 230
1 265
1 310
1 964
1 975
1 988
−734
−710
−678
2014 Apr
May
Jun
735
712
685
1 183
1 138
1 121
−448
−426
−436
1 860
1 727
1 856
2 540
2 482
2 623
−680
−755
−767
776
737
697
1 136
1 112
1 129
−360
−375
−432
431
418
416
662
633
680
−231
−215
−264
Jul
Aug
Sep
707
686
668
1 070
1 283
1 197
−363
−597
−529
1 779
1 808
2 022
2 570
2 443
2 548
−791
−635
−526
760
764
669
1 109
1 021
1 138
−349
−257
−469
447
438
425
698
635
655
−251
−197
−230
2013 Sep
2 317
3 952
−1 635
7 044
8 854
−1 810
2 235
3 182
−947
1 571
1 890
−319
2014 Jun
2 132
3 442
−1 310
5 443
7 645
−2 202
2 210
3 377
−1 167
1 265
1 975
−710
2014 Sep
2 061
3 550
−1 489
5 609
7 561
−1 952
2 193
3 268
−1 075
1 310
1 988
−678
3.0
−1.1
−0.8
−3.2
3.6
0.7
−20.4
−14.6
−1.9
2.7
−16.6
5.2
2011
2012
2013
3 months ended:
Percentage change, latest 3 months compared with:
Previous 3 months
−3.3
3.1
Same 3 months last year
†
−11.0
−10.2
Earliest date for revisions to trade in goods is July 2014.
OFFICIAL - SENSITIVE until 9.30am on Friday 7th November 2014.
12
TRADE IN GOODS WITH SELECTED NON-EU TRADING PARTNERS
Balance of Payments Consistent basis
£ million seasonally adjusted
Canada
China
Hong Kong
Japan
Expor ts
Impor ts
Balance
Exports
Imports
Balance
Exports
Imports
Balance
Exports
Imports
Balance
EOBC
3 840
3 852
3 985
EOBW
6 150
5 566
5 754
EOCQ
−2 310
−1 714
−1 769
ERDN
8 585
10 715
13 203
ERDZ
32 687
32 530
33 924
EREL
−24 102
−21 815
−20 721
ERDG
4 347
4 987
5 621
ERDS
7 637
7 438
7 389
EREE
−3 290
−2 451
−1 768
EOBD
3 822
4 563
4 794
EOBX
8 884
8 580
7 629
EOCR
−5 062
−4 017
−2 835
2012 Q2
Q3
Q4
930
1 054
801
1 317
1 365
1 421
−387
−311
−620
2 686
2 693
3 014
8 588
8 164
7 885
−5 902
−5 471
−4 871
1 211
1 218
1 302
1 850
1 947
1 757
−639
−729
−455
1 127
1 128
1 120
2 222
2 051
1 944
−1 095
−923
−824
2013 Q1
Q2
Q3
Q4
935
1 072
950
1 028
1 416
1 532
1 550
1 256
−481
−460
−600
−228
2 908
3 494
3 202
3 599
8 152
8 344
8 802
8 626
−5 244
−4 850
−5 600
−5 027
1 322
1 538
1 398
1 363
1 749
1 961
1 835
1 844
−427
−423
−437
−481
1 200
1 317
1 139
1 138
1 958
1 865
1 946
1 860
−758
−548
−807
−722
2014 Q1
Q2
Q3
876
710
749
1 253
1 186
2 127
−377
−476
−1 378
3 302
3 090
3 406
9 801
9 502
8 475
−6 499
−6 412
−5 069
1 600
1 483
1 589
2 066
2 047
1 693
−466
−564
−104
1 088
1 075
1 059
1 795
1 874
1 823
−707
−799
−764
2014 Apr
May
Jun
235
246
229
396
395
395
−161
−149
−166
1 036
1 058
996
3 206
3 149
3 147
−2 170
−2 091
−2 151
481
489
513
678
703
666
−197
−214
−153
365
368
342
618
628
628
−253
−260
−286
Jul
Aug
Sep
183
304
262
384
847
896
−201
−543
−634
1 114
1 063
1 229
3 079
2 550
2 846
−1 965
−1 487
−1 617
512
527
550
635
504
554
−123
23
−4
348
377
334
661
556
606
−313
−179
−272
2013 Sep
950
1 550
−600
3 202
8 802
−5 600
1 398
1 835
−437
1 139
1 946
−807
2014 Jun
710
1 186
−476
3 090
9 502
−6 412
1 483
2 047
−564
1 075
1 874
−799
2014 Sep
749
2 127
−1 378
3 406
8 475
−5 069
1 589
1 693
−104
1 059
1 823
−764
10.2
−10.8
7.1
−17.3
−1.5
−2.7
−3.7
13.7
−7.7
−7.0
−6.3
2011
2012
2013
3 months ended:
Percentage change, latest 3 months compared with:
Previous 3 months
5.5
79.3
Same 3 months last year
−21.2
37.2
6.4
Norway
South Korea
Switzerland
USA inc Puerto Rico
Expor ts
Impor ts
Balance
Exports
Imports
Balance
Exports
Imports
Balance
Exports
Imports
Balance
EPLX
2 727
3 297
3 456
EPMX
25 267
22 428
17 513
EPNX
−22 540
−19 131
−14 057
ERDM
2 176
4 565
5 183
ERDY
2 619
3 262
3 405
EREK
−443
1 303
1 778
EPLV
4 968
6 555
6 061
EPMV
7 769
9 220
7 931
EPNV
−2 801
−2 665
−1 870
J9C5
60 216
49 957
40 644
J9C6
28 800
30 028
27 651
J9C4
31 416
19 929
12 993
2012 Q2
Q3
Q4
917
750
786
6 009
4 600
4 930
−5 092
−3 850
−4 144
1 360
1 032
1 140
881
842
737
479
190
403
1 416
1 620
2 173
1 883
2 125
3 355
−467
−505
−1 182
12 581
12 826
11 568
7 380
7 837
7 396
5 201
4 989
4 172
2013 Q1
Q2
Q3
Q4
866
999
794
797
4 511
4 806
4 310
3 886
−3 645
−3 807
−3 516
−3 089
1 492
964
770
1 957
849
771
857
928
643
193
−87
1 029
1 469
1 750
1 405
1 437
1 830
2 063
2 148
1 890
−361
−313
−743
−453
10 534
10 778
9 792
9 540
6 998
7 043
6 916
6 694
3 536
3 735
2 876
2 846
2014 Q1
Q2
Q3
989
1 054
896
4 505
5 231
3 835
−3 516
−4 177
−2 939
1 723
1 666
1 172
741
746
899
982
920
273
1 637
1 582
2 854
1 765
1 819
2 553
−128
−237
301
9 720
9 361
9 164
6 351
6 210
7 599
3 369
3 151
1 565
2014 Apr
May
Jun
354
361
339
1 710
1 795
1 726
−1 356
−1 434
−1 387
558
571
537
249
250
247
309
321
290
531
542
509
669
657
493
−138
−115
16
3 111
3 124
3 126
2 069
2 140
2 001
1 042
984
1 125
Jul
Aug
Sep
370
246
280
1 905
731
1 199
−1 535
−485
−919
599
226
347
242
284
373
357
−58
−26
569
591
1 694
624
1 202
727
−55
−611
967
3 108
3 100
2 956
2 341
2 604
2 654
767
496
302
2013 Sep
794
4 310
−3 516
770
857
−87
1 405
2 148
−743
9 792
6 916
2 876
2014 Jun
1 054
5 231
−4 177
1 666
746
920
1 582
1 819
−237
9 361
6 210
3 151
2014 Sep
896
3 835
−2 939
1 172
899
273
2 854
2 553
301
9 164
7 599
1 565
−29.7
20.5
80.4
40.4
−2.1
22.4
52.2
4.9
103.1
18.9
−6.4
9.9
2011
2012
2013
3 months ended:
Percentage change, latest 3 months compared with:
Previous 3 months
−15.0
−26.7
Same 3 months last year
†
12.8
−11.0
Earliest date for revisions to trade in goods is July 2014.
OFFICIAL - SENSITIVE until 9.30am on Friday 7th November 2014.
13
TRADE IN GOODS EXCLUDING ADJUSTMENTS TO TRADE
ASSOCIATED WITH MTIC FRAUD1
£ million
MTIC fraud
trade adj’ment
Current price
Current price
Current price
Value of
trade
Total imports
less MTIC
adjustment
Total EU imports
less MTIC
adjustment
Total non-EU imports
less MTIC
adjustment
Total imports
less MTIC
adjustment
2005
2006
2007
2008
2009
OFNN
11 057
22 378
2 138
2 272
2 031
BQHQ
271 318
299 891
313 620
349 108
312 306
CLAS
150 550
162 256
169 954
182 016
163 186
CLAT
120 768
137 635
143 666
167 092
149 120
BQHS
361 268
390 980
402 814
395 912
353 251
2010
2011
2012
2013
2 522
2 755
2 235
1 815
365 704
402 944
411 879
415 191
185 987
202 886
207 409
219 539
179 717
200 058
204 470
195 652
396 267
402 944
413 948
415 872
2012 Q2
Q3
Q4
525
541
520
101 819
102 810
102 397
51 231
51 901
52 141
50 588
50 909
50 256
102 431
104 664
103 984
2013 Q1
Q2
Q3
Q4
520
490
421
384
102 172
105 114
105 631
102 274
53 801
54 297
55 585
55 856
48 371
50 817
50 046
46 418
100 647
104 709
106 213
104 303
2014 Q1
Q2
Q3
188
199
223
99 121
98 996
99 566
52 339
52 165
52 122
46 782
46 831
47 444
102 536
103 122
104 770
2013 May
Jun
160
152
35 300
35 220
18 067
18 442
17 233
16 778
35 155
35 213
Jul
Aug
Sep
Oct
Nov
Dec
159
124
138
135
130
119
35 633
34 881
35 117
34 344
34 327
33 603
18 509
18 249
18 827
18 554
18 732
18 570
17 124
16 632
16 290
15 790
15 595
15 033
35 537
35 032
35 644
35 043
35 165
34 095
2014 Jan
Feb
Mar
Apr
May
Jun
63
67
58
52
62
85
33 654
32 524
32 943
32 904
33 113
32 979
17 567
17 525
17 247
17 274
17 201
17 690
16 087
14 999
15 696
15 630
15 912
15 289
34 865
33 561
34 110
34 238
34 519
34 365
Jul
Aug
Sep
76
74
74
33 999
31 861
33 705
17 561
16 967
17 593
16 438
14 894
16 112
35 834
33 306
35 630
Percentage change, latest 3 months compared with:
Previous 3 months
12.6
0.6
−0.1
1.3
1.6
−46.8
−5.7
−6.2
−5.2
−1.4
Percentage change, latest quarter compared with:
Previous quarter
12.1
0.6
−0.1
1.3
1.6
−47.0
−5.7
−6.2
−5.2
−1.4
Same 3 months last year
Same quarter last year
1 The adjustments are for the missing declarations (non response) and do
not reflect the overall level of MTIC-related trade
2 From April 2010, data are presented in £ million to bring this table in line
with others in this Statistical Bulletin. Previously, data were presented in £
billion.
†
Chained
volume measure
Earliest date for revisions to trade in goods is July 2014.
OFFICIAL-SENSITIVE until 9.30am on Friday 07 November 2014.
14. UK'S TOP 50 EXPORT MARKETS AND IMPORT SOURCES IN 2013
BoP-consistent basis
EXPORT MARKETS
Country
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
IMPORT SOURCES
Value
£ million
% of Total Cumulative
UK Exports percentage
Country
Value % of Total Cumulative
£ million UK Imports percentage
United States
40 644
13.2
13.2
1 Germany
57 412
13.8
Germany
30 686
10.0
23.2
2 Netherlands
35 324
8.5
Netherlands
26 077
8.5
31.7
3 China
33 924
8.1
France
21 239
6.9
38.6
4 United States
27 651
6.6
Irish Republic
18 847
6.1
44.7
5 France
24 469
5.9
Belgium & Luxembourg
14 200
4.6
49.3
6 Belgium & Luxembourg
20 859
5.0
China
13 203
4.3
53.6
7 Norway
17 513
4.2
Italy
8 986
2.9
56.5
8 Italy
15 294
3.7
Spain
8 782
2.9
59.4
9 Irish Republic
12 570
3.0
United Arab Emirates
6 180
2.0
61.4
10 Spain
12 464
3.0
India
6 075
2.0
63.4
11 Poland
7 968
1.9
Switzerland
6 061
2.0
65.4
12 Switzerland
7 931
1.9
Sweden
5 845
1.9
67.3
13 Sweden
7 634
1.8
Hong Kong
5 621
1.8
69.1
14 Japan
7 629
1.8
Russia
5 231
1.7
70.8
15 Hong Kong
7 389
1.8
South Korea
5 183
1.7
72.5
16 Russia
7 138
1.7
Japan
4 794
1.6
74.1
17 India
7 110
1.7
Australia
4 303
1.4
75.5
18 Turkey
6 199
1.5
Singapore
4 216
1.4
76.9
19 Denmark
5 893
1.4
Turkey
4 070
1.3
78.2
20 Canada
5 754
1.4
Canada
3 985
1.3
79.5
21 Czech Republic
4 703
1.1
Poland
3 891
1.3
80.8
22 Taiwan
3 636
0.9
Norway
3 456
1.1
81.9
23 Algeria
3 489
0.8
Saudi Arabia
3 442
1.1
83.0
24 South Korea
3 405
0.8
Denmark
2 919
1.0
84.0
25 Nigeria
3 380
0.8
Brazil
2 707
0.9
84.9
26 Vietnam
3 075
0.7
South Africa
2 564
0.8
85.7
27 Thailand
2 733
0.7
Thailand
1 962
0.6
86.3
28 Singapore
2 712
0.7
Czech Republic
1 959
0.6
86.9
29 Qatar
2 705
0.6
Austria
1 702
0.6
87.5
30 Hungary
2 661
0.6
Malaysia
1 644
0.5
88.0
31 Austria
2 652
0.6
Finland
1 581
0.5
88.5
32 Saudi Arabia
2 642
0.6
Qatar
1 518
0.5
89.0
33 United Arab Emirates
2 603
0.6
Nigeria
1 502
0.5
89.5
34 Brazil
2 559
0.6
Israel
1 417
0.5
90.0
35 Finland
2 516
0.6
Portugal
1 379
0.4
90.4
36 Botswana
2 500
0.6
Greece
1 371
0.4
90.8
37 Australia
2 232
0.5
Hungary
1 254
0.4
91.2
38 South Africa
2 144
0.5
Taiwan
1 234
0.4
91.6
39 Portugal
1 979
0.5
Mexico
1 166
0.4
92.0
40 Israel
1 913
0.5
Chile
1 153
0.4
92.4
41 Bangladesh
1 911
0.5
Egypt
970
0.3
92.7
42 Slovakia
1 868
0.4
Romania
946
0.3
93.0
43 Kuwait
1 743
0.4
Botswana
722
0.2
93.2
44 Malaysia
1 688
0.4
Indonesia
700
0.2
93.4
45 Equatorial Guinea
1 624
0.4
New Zealand
647
0.2
93.6
46 Romania
1 506
0.4
Ukraine
596
0.2
93.8
47 Libya
1 314
0.3
Angola
572
0.2
94.0
48 Indonesia
1 255
0.3
Gibraltar
564
0.2
94.2
49 Pakistan
959
0.2
Kuwait
557
0.2
94.4
50 Lithuania
912
0.2
1
United Arab Emirates includes Dubai
2
United States includes Puerto Rico
3
This table replaces G1 of the Monthly Review of External Trade Statistics publication, which has now been discontinued.
13.8
22.3
30.4
37.0
42.9
47.9
52.1
55.8
58.8
61.8
63.7
65.6
67.4
69.2
71.0
72.7
74.4
75.9
77.3
78.7
79.8
80.7
81.5
82.3
83.1
83.8
84.5
85.2
85.8
86.4
87.0
87.6
88.2
88.8
89.4
90.0
90.5
91.0
91.5
92.0
92.5
92.9
93.3
93.7
94.1
94.5
94.8
95.1
95.3
95.5
OFFICIAL-SENSITIVE until 9.30am on Friday 07 November 2014.
15. UK'S TOP 30 EXPORT AND IMPORT COMMODITIES IN 2013
By SITC (R4) Division
BoP-consistent basis
EXPORTS
Commodity
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
IMPORTS
Division
Value
£ million
% of Total Cumulative
UK Exports percentage
Commodity
Division
Mechanical machinery
71:74 minus 716
41 726
13.6
13.6
1 Electrical machinery
716+75+76+77
Cars
781
24 671
8.0
21.6
2 Mechanical machinery
71:74 minus 716
Electrical machinery
716+75+76+77
24 089
7.9
29.5
3 Crude oil
333
Medicinal & pharmaceutical produ 54
20 668
6.7
36.2
4 Cars
781
Refined oil
334+335
19 925
6.5
42.7
5 Refined oil
334+335
Crude oil
333
19 389
6.3
49.0
6 Other miscellaneous manufactu 80
Other miscellaneous manufactures 80
12 056
3.9
52.9
7 Medicinal & pharmaceutical prod 54
Scientific & photographic
87+88
11 168
3.6
56.5
8 Clothing
84
Aircraft
792
11 030
3.6
60.1
9 Road vehicles other than cars 78 minus 781
Unspecified goods
9
8 242
2.7
62.8
10 Fuels other than oil
32+34+35
Organic chemicals
51
7 727
2.5
65.3
11 Scientific & photographic
87+88
Beverages
11
7 006
2.3
67.6
12 Aircraft
792
Road vehicles other than cars
78 minus 781
6 852
2.2
69.8
13 Organic chemicals
51
Iron & steel
67
6 103
2.0
71.8
14 Miscellaneous metal manufactur 69
Plastics
57+58
5 572
1.8
73.6
15 Plastics
57+58
Fertilisers & other chemicals
56+59
5 328
1.7
75.3
16 Vegetables & fruit
05
Toilet & cleansing preparations
55
5 324
1.7
77.0
17 Paper & paperboard
64
Clothing
84
5 177
1.7
78.7
18 Non-ferrous metals excl. silver 68 minus 681
Non-ferrous metals excl. silver
68 minus 681
4 968
1.6
80.3
19 Meat & meat preparations
01
Miscellaneous metal manufactures 69
4 800
1.6
81.9
20 Iron & steel
67
Precious stones
667
4 460
1.5
83.4
21 Beverages
11
Works of art
896
4 450
1.5
84.9
22 Toilet & cleansing preparations 55
Metal ores & scrap
28
4 073
1.3
86.2
23 Fertilisers & other chemicals
56+59
Fuels other than oil
32+34+35
3 607
1.2
87.4
24 Unspecified goods
9
Jewellery
897
3 089
1.0
88.4
25 Metal ores & scrap
28
Textile fabrics
65
2 809
0.9
89.3
26 Textile fabrics
65
Inorganic chemicals
52
2 571
0.8
90.1
27 Precious stones
667
Paper & paperboard
64
2 291
0.7
90.8
28 Footwear
85
Silver
681
2 192
0.7
91.5
29 Silver
381
Dyeing, tanning & colouring mate
53
2 039
0.7
92.2
30 Works of art
896
Export and import figures are both affected by trade associated with VAT
MTIC fraud. In particular, trade in telecommunications equipment and office machines
machines is affected: these categories of goods include mobile phones and
computer components.
1
This table replaces G2 of the Monthly Review of External Trade Statistics publication, which has now been discontinued.
Value % of Total Cumulative
£ million UK Imports percentage
52 709
36 006
25 277
24 567
24 050
23 068
21 272
16 567
16 510
12 413
10 764
9 315
8 165
8 059
7 982
7 318
5 880
5 833
5 778
5 353
5 155
5 076
4 954
4 902
4 780
4 755
4 385
4 042
3 781
3 692
12.6
8.6
6.1
5.9
5.8
5.5
5.1
4.0
4.0
3.0
2.6
2.2
2.0
1.9
1.9
1.8
1.4
1.4
1.4
1.3
1.2
1.2
1.2
1.2
1.1
1.1
1.1
1.0
0.9
0.9
12.6
21.2
27.3
33.2
39.0
44.5
49.6
53.6
57.6
60.6
63.2
65.4
67.4
69.3
71.2
73.0
74.4
75.8
77.2
78.5
79.7
80.9
82.1
83.3
84.4
85.5
86.6
87.6
88.5
89.4
OFFICIAL - SENSITIVE until 9.30am on Friday 7th November 2014.
16
SELECTED AVERAGE STERLING EXCHANGE RATES
Not seasonally adjusted
Sterling
effective
exchange
rate index1
2005
2006
2007
2008
2009
Euro
Australian
dollar
Canadian
dollar
Danish
kroner
Hong
Kong
dollar
Japanese
yen
New
Zealand
dollar
Norwegian
kroner
South
African
rand
Swedish
kronor
Swiss
franc
United
States
dollar
BK67
100.3773
101.2108
103.6662
91.1011
80.5630
THAP
1.4629
1.4670
1.4619
1.2588
1.1233
AJFP
2.3851
2.4460
2.3899
2.1881
1.9905
AJFB
2.2048
2.0900
2.1467
1.9621
1.7800
AJFK
10.9013
10.9427
10.8921
9.3853
8.3644
AJFU
14.1477
14.3182
15.6201
14.4304
12.1432
AJFO
200.1512
214.3074
235.7603
192.4993
146.4476
AJFV
2.5819
2.8438
2.7217
2.6061
2.4860
AJFJ
11.7167
11.8114
11.7222
10.3404
9.8174
AJFW
11.5749
12.5201
14.1110
15.1339
13.1066
AJFI
13.5795
13.5731
13.5226
12.0951
11.9376
AJFD
2.2649
2.3079
2.4019
1.9995
1.6961
AUSS
1.8197
1.8431
2.0020
1.8541
1.5656
2010
2011
2012
2013
80.4228
79.9924
83.0037
81.4605
1.1664
1.1527
1.2337
1.1776
1.6828
1.5544
1.5302
1.6226
1.5925
1.5862
1.5839
1.6120
8.6869
8.5880
9.1832
8.7827
12.0099
12.4792
12.2956
12.1343
135.5170
127.8283
126.4747
152.5990
2.1426
2.0299
1.9571
1.9077
9.3384
8.9872
9.2225
9.1942
11.3082
11.6336
13.0139
15.0910
11.1270
10.4080
10.7368
10.1877
1.6100
1.4214
1.4867
1.4493
1.5454
1.6033
1.5851
1.5641
2011 Q4
80.3300
1.1660
1.5531
1.6085
8.6750
12.2286
121.5377
2.0243
9.0479
12.7309
10.6009
1.4335
1.5720
2012 Q1
Q2
Q3
Q4
81.1855
83.1500
84.0572
83.6220
1.1985
1.2344
1.2633
1.2384
1.4888
1.5674
1.5207
1.5463
1.5733
1.5991
1.5728
1.5915
8.9110
9.1781
9.4058
9.2377
12.1937
12.2896
12.2526
12.4463
124.7128
126.8045
124.1914
130.1900
1.9199
2.0041
1.9533
1.9512
9.0938
9.3321
9.3386
9.1256
12.1806
12.8672
13.0465
13.9611
10.6079
11.0015
10.6580
10.6798
1.4475
1.4831
1.5203
1.4959
1.5713
1.5834
1.5798
1.6058
2013 Q1
Q2
Q3
Q4
80.3581
80.5620
81.2871
83.6348
1.1751
1.1756
1.1708
1.1890
1.4938
1.5522
1.6926
1.7447
1.5644
1.5723
1.6107
1.6981
8.7648
8.7649
8.7315
8.8693
12.0358
11.9203
12.0243
12.5488
142.9929
151.6852
153.3291
162.3887
1.8591
1.8725
1.9435
1.9556
8.7338
8.9533
9.2882
9.8016
13.8899
14.5650
15.4753
16.4336
9.9863
10.0742
10.1586
10.5317
1.4433
1.4473
1.4451
1.4617
1.5519
1.5358
1.5504
1.6185
2014 Q1
Q2
Q3
85.6656
86.9277
88.0237
1.2079
1.2278
1.2599
1.8452
1.8044
1.8052
1.8259
1.8354
1.8170
9.0144
9.1629
9.3888
12.8427
13.0498
12.9441
170.0767
171.8420
173.5561
1.9776
1.9552
1.9820
10.0832
10.0803
10.4318
17.9746
17.7551
17.9751
10.6980
11.1155
11.5975
1.4779
1.4968
1.5265
1.6551
1.6832
1.6700
2013 Jun
81.0462
1.1740
1.6409
1.5974
8.7557
12.0114
150.6311
1.9590
9.1009
15.4885
10.2073
1.4463
1.5478
Jul
Aug
Sep
Oct
Nov
Dec
80.0174
81.0454
82.7985
82.7444
83.6352
84.5249
1.1600
1.1649
1.1883
1.1797
1.1938
1.1947
1.6568
1.7161
1.7083
1.6913
1.7288
1.8228
1.5792
1.6134
1.6424
1.6677
1.6893
1.7424
8.6513
8.6881
8.8626
8.7993
8.9045
8.9128
11.7684
12.0265
12.3024
12.4787
12.4844
12.6969
151.2256
151.5566
157.4054
157.3514
161.3061
169.3183
1.9242
1.9591
1.9490
1.9286
1.9514
1.9912
9.1441
9.2514
9.4827
9.5758
9.8108
10.0516
15.0442
15.5963
15.8265
15.9404
16.4436
16.9903
10.0384
10.1380
10.3109
10.3165
10.6060
10.7012
1.4345
1.4361
1.4658
1.4528
1.4704
1.4627
1.5172
1.5507
1.5865
1.6094
1.6104
1.6375
2014 Jan
Feb
Mar
Apr
May
Jun
85.5424
85.8613
85.5931
86.2039
86.8723
87.7070
1.2097
1.2122
1.2021
1.2125
1.2267
1.2436
1.8596
1.8460
1.8292
1.7977
1.8100
1.8054
1.8027
1.8305
1.8460
1.8401
1.8350
1.8314
9.0260
9.0461
8.9721
9.0517
9.1563
9.2752
12.7770
12.8536
12.9011
12.9832
13.0584
13.1051
170.9228
169.1019
170.1186
171.5772
171.3765
172.5376
1.9896
1.9966
1.9471
1.9450
1.9586
1.9617
10.1529
10.1281
9.9673
10.0081
10.0011
10.2245
17.9288
18.1450
17.8605
17.6482
17.5378
18.0640
10.6839
10.7545
10.6588
10.9570
11.0732
11.3068
1.4891
1.4805
1.4637
1.4782
1.4970
1.5144
1.6470
1.6567
1.6622
1.6743
1.6844
1.6906
Jul
Aug
Sep
88.7589
87.7902
87.5221
1.2611
1.2542
1.2639
1.8182
1.7946
1.8013
1.8325
1.8250
1.7937
9.4033
9.3496
9.4093
13.2289
12.9507
12.6403
173.6972
171.9172
174.8984
1.9646
1.9793
2.0026
10.5801
10.3535
10.3480
18.1934
17.8067
17.9000
11.6412
11.5255
11.6174
1.5324
1.5197
1.5265
1.7069
1.6709
1.6305
See Chapter 7 of the Financial Statistics Explanatory Handbook for fur ther
information.
1 January 2005=100
2 This table replaces G3 of the Monthly Review of External Trade Statistics
publication, which has now been discontinued.
Source: Bank of England
OFFICIAL - SENSITIVE until 9.30am on Friday 7th November 2014.
17R
SUMMARY OF REVISIONS
Balance of Payments Basis
Trade in goods
Trade in services
Trade in goods & services
£ Million (seasonally adjusted)
£ Million (seasonally adjusted)
£ Million (seasonally adjusted)
Growth rates for volume and price indices
(2010=100)
Volume excluding oil
and erratics
Prices
Expor ts
Impor ts
Balance
Exports
Imports
Balance
Exports
Imports
Balance
Expor ts
Impor ts
Expor ts
Impor ts
BOKG
−
−
−
BOKH
−
−
−
BOKI
−
−
−
IKBB
−
−
−
IKBC
−
−
−
IKBD
−
−
−
IKBH
−
−
−
IKBI
−
−
−
IKBJ
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
2012 Q1
Q2
Q3
Q4
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
2013 Q1
Q2
Q3
Q4
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
2014 Q1
Q2
Q3
−
−
..
−
−
..
−
−
..
−
−
..
−
−
..
−
−
..
−
−
..
−
−
..
−
−
..
−
−
..
−
−
..
−
−
..
−
−
..
2011 Dec
−
−
−
−
−
−
−
−
−
−
−
−
−
2012 Jan
Feb
Mar
Apr
May
Jun
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
Jul
Aug
Sep
Oct
Nov
Dec
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
2013 Jan
Feb
Mar
Apr
May
Jun
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
Jul
Aug
Sep
Oct
Nov
Dec
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
2014 Jan
Feb
Mar
Apr
May
Jun
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
Jul
Aug
Sep
−49
−183
..
−185
−332
..
136
149
..
−
−
..
−
−
..
−
−
..
−49
−183
..
−185
−332
..
136
149
..
2.4
−1.9
..
5.6
−7.0
..
−0.2
0.1
..
−0.1
0.2
..
2013 Apr
May
Jun
−
−
−
−
−
−
−
−
−
−
−
−
Jul
Aug
Sep
Oct
Nov
Dec
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
2014 Jan
Feb
Mar
Apr
May
Jun
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
Jul
Aug
Sep
0.8
1.0
..
2.0
1.5
..
−0.1
−0.1
..
−0.1
−
..
2011
2012
2013
3 month on 3 month comparison:
†
Earliest date for revisions to trade in goods is July 2014.
†
There are no revisions to trade in services.