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Release: Monthly Review of External Trade Statistics, June 2012

Released: 14 August 2012 Next edition: 14 September 2012


Stephen Curtis

Trade in Goods

Telephone: +44 (0)1633 456626

Categories: Economy, National Accounts, Balance of Payments

Frequency of release: Monthly

Language: English

Geographical coverage: UK

Geographical breakdown: UK and GB

  • Seasonally adjusted, the UK's deficit on trade in goods and services was £4.3 billion in June, compared with a deficit of £2.7 billion in May.

  • There was a deficit of £10.1 billion on goods, which was only partly offset by a surplus of £5.8 billion on services.

  • For May and June 2012, data may have been affected by the changed pattern of public holidays.

  • Taking the second quarter of 2012 as a whole, trade in goods and services was estimated to have been in deficit by £11.2 billion (seasonally adjusted), compared with a deficit of £7.8 billion in the preceding quarter. 

  • Excluding oil and erratic items, in the second quarter the seasonally adjusted volume of exports was 3.3 per cent lower than in the preceding quarter.  The volume of imports fell 0.5 per cent over the same period.

  • As ONS previously announced in its statement on 3 July 2012, exports and imports price indices data are not available in this month's UK Trade publication. The statement detailing the omission of these data can be found on the ONS website.

The Monthly Review of External Trade Statistics is intended to supplement the information contained in the monthly National Statistics Statistical Bulletin on UK Trade. This June 2012 issue of the monthly review is consistent with the figures shown in the UK Trade Statistical Bulletin of 9 August 2012.
Content from the Office for National Statistics.
© Crown Copyright applies unless otherwise stated.