Overseas Trade Statistics - Non EU Latest Release
Date: 07 February 2014
Coverage: United Kingdom
Theme: Business & Energy
The value of imports fell to the lowest level since April 2010, while exports had a slight increase in December 2013 compared with the previous month. Consequently the difference between non-EU imports and exports (the trade gap) has decreased dramatically, with a fall of 61.8 per cent, to its lowest value since 2003.
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- The UK’s non-EU exports for December 2013 are £12.5 billion. This is an increase of £27.8 million (0.2 per cent) compared to November 2013. However it is a decrease of £0.2 billion (1.4 per cent) compared to December 2012.
- The UK’s non-EU imports for December 2013 are £13.9 billion. This is a decrease of £2.1 billion (13.4 per cent) compared to November 2013, and takes the total monthly non-EU import figure to the lowest value since April 2010. It also represents a decrease of £2.5 billion (15.1 per cent) compared to December 2012.
- The UK remains a net importer (imports are greater than exports). The size of the difference between imports and exports is £1.3 billion. This is a decrease of £2.2 billion (61.8 per cent) compared to November 2013. It is also decrease of £2.3 billion (63.1 per cent) compared to December 2012. It is the smallest trade gap since 2003 because of the large decrease in imports.
- The first estimate of total exports for 2013 is £148.5 billion compared with £146.7 billion in 2012. This is an increase of 1.2 per cent.
- The first estimate of total imports from 2013 is £192.3 billion compared with £199.3 billion in 2012. This is a decrease of 3.5 per cent.