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Release: UK Trade, April 2014

Released: 26 June 2014 Next edition: 10 July 2014


Katherine Kent

UK Trade / Trade and Transfers

Telephone: +44 (0)1633 455829

Categories: Economy, National Accounts, Balance of Payments

Frequency of release: Monthly

Language: English

Geographical coverage: UK

Geographical breakdown: UK


Important note to users: 10 December 2014

On 18 November 2014 and 27 November 2014, ONS announced errors had been identified in the expenditure estimates for UK residents visits abroad and overseas residents' visits to the UK within the Overseas Travel and Tourism release (which feed into the imports and exports of services) and in the geographic breakdown of the exports of goods respectively. The errors in the expenditure estimates affected data between January 2014 and September 2014 and the UK Trade releases over the same period; the geographic breakdown error impacted the August 2014 and September 2014 releases although the affected data were from 2009 onwards. 

These errors have been corrected in the October 2014 UK Trade release and users should use that release for the corrected data and commentary.

Consistent with the Authority's letter of 14 November 2014, UK Trade will now be re-assessed for National Statistics status. The UK Statistics Authority plan to start the reassessment in January 2015  but this will be confirmed once ONS's review into the errors in the expenditure series has completed.

18 June 2014

The UK Statistics Authority on 18 June decided to temporarily suspend the National Statistics status of the April 2014 UK Trade statistics publication (all other UK Trade publications retained their National Statistics status). This was because the Authority felt it was inappropriate for statistics based on known omissions to have the same status as previous statistics in the same series. The Authority also stated that they anticipated that once the April 2014 UK Trade release was updated to fully reflect the oil exports omitted in the original publication, National Statistics designation would be reinstated.

The April 2014 UK Trade release was updated at 9.30am on 26 June 2014 to reflect the oil exports omission that users were informed of in the original bulletin published on 6 June 2014 and the Authority has confirmed that this release has regained National Statistics status. Users should also note that in order to process the revised oil data, other very small revisions are also visible in the dataset. There are likely to be further revisions to April 2014 as later data are received prior to publication of the May 2014 UK Trade release on 10 July.

Latest monthly statistics on trade in goods classified according to Standard International Trade Classification (SITC) as well as monthly estimates for total trade in services.

Content from the Office for National Statistics.
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