uk trade partners

Non-monetary gold is the technical term for gold bullion not owned by central banks. The main contributors to the increase in imports of services were other business, financial and travel services. 15 September 2015 Policy paper See all policy papers and consultations Transparency and freedom of information releases. However, in some cases alternative estimates of bilateral trade flows are available from the statistical agencies for those countries or through central databases such as We are heavily engaged in analysis of these asymmetries, developing strong bilateral relationships with other countries to understand, explain and potentially reduce them.

Language; Watch; Edit; This is a list of the largest trading partners of United Kingdom based on data from Office for National Statistics Pink Book for 2019 Goods and Services. Services exports fell £2.1 billion to £66.9 billion, while services imports fell by £1.6 billion to £41.5 billion.Imports of unspecified goods (including non-monetary gold) from non-EU countries drove the narrowing of the trade deficit in volume terms in Quarter 1 (Jan to Mar) 2019, along with falling imports of chemicals, and machinery and transport equipment from EU countries. European Trade Commissioner Phil Hogan told an online conference he had noticed the comments of the many countries around the world with which Britain was trying to negotiate trade agreements. The launch has sparked debate over whether Britain will strike a deal first with the United States or with the European Union, which it left at the end of January. We use this information to make the website work as well as possible and improve our services. The “erratics” series includes ships, aircraft, precious stones, silver and non-monetary gold. Trade statistics for any one month can be erratic. Much of the fall in Quarter 2 2019 was due to falling imports of unspecified goods (including non-monetary gold), chemicals, and machinery and transport equipment, following increased imports into Quarter 1 (Jan to Mar) 2019. A CVM is a “real” measure in that it has had the effect of inflation removed. Total value of UK exports and imports of goods and services in current prices, chained volume measures and implied deflators.
Data are supplied by over 30 sources including several administrative sources, HM Revenue and Customs (HMRC) being the largest for trade in goods.This monthly release contains tables showing the total value of trade in goods together with chained volume measures (CVMs) and implied deflators (IDEFs). The total trade deficit widened £19.9 billion to £42.8 billion in the 12 months to June 2019, due mainly to the trade in goods deficit, which widened £14.4 billion to £149.2 billion; the services surplus narrowed by a lesser £5.5 billion to £106.4 billion.We are undertaking a programme of improvements to UK trade statistics in line with the Unless otherwise specified, data within this bulletin are in current prices, in other words, they have not been adjusted to remove the effects of inflation.UK trade data within our monthly trade bulletin are published at around a six-week lag because of the timeliness of source data. Britain and the European Union are entering a crucial phase of talks about their future relationship, with two rounds of negotiations scheduled before the end of June. Defence growth partnership: progress update. 2 Min Read. Top Trading Partners - Trade Statistics. Project for commercial partnerships with the United Kingdom The United Kingdom Trade Partnership Programme (UKTP) is working with African, Caribbean and Pacific (ACP) countries to increase trade between these countries and the United Kingdom and the European Union. The EU, taken as a whole is the UK’s largest trading partner.
Select a country by hovering over it or using the drop-down menu.For more information about our methods and how we compile these statistics, please see These data are our best estimate of these bilateral UK trade flows.

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