Thursday, 10 December 2009

Decrease In Regional Trade Q3 2009

The value of UK exports for the year to September 2009 was down £22,183 or 9% to £223,800m compared to the year to September last year. The value of exports from England, Wales and N.Ireland fell by 8.4%, 8.3% and 8.4% respectively. Only Scotland saw an increase, of 3.4%, in Q3 2009. Within England the South East had the largest total value of exports with £37,849m and the smallest total was in the North East with exports of £9,423m. The number of UK exporters fell by 5.5% to 48,454. The largest decrease was in London with 7.5% to 8,154. No regions reported an increase in the number of exporters.

Imports also decreased for the year to September by £33,450m to £306,791m, or 9.8%. Imports fell in England, Wales and N.Ireland by 10.3%, 7.2% and 1.9% respectively and again only Scotland saw an increase, of 5.1%, in Q3 2009. The South East had the largest value of imports with £66,320m and the smallest total was in the North East with imports of £7,073m. The North East also saw the biggest percentage change with 24.9%. The East Midlands saw the smallest change with £15,489m. The number of importers decreased by 8.6% to 70,630 for Q3 2009. The largest percentage decrease was in London with 10.9% to 13,458. No regions reported an increase in the number of importers (HMRC - Regional Trade Statistics).

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