The UK trade deficit grew to £2.4bn in May from £2.1bn in April 2013 and £2.3bn in March. The deficit on goods was £8.5bn offset by a surplus of £6.1bn in services. Trade volumes have recovered since the lower levels at the beginning of the year. Trade prices have risen. Total exports increased by £0.4bn or 1.5% to £25.6bn and total imports increased by £0.4bn or 1.3% to £34.1bn. The annual comparison shows that there was a total trade deficit of £2.1bn in May 2012.
Showing posts with label trade volume. Show all posts
Showing posts with label trade volume. Show all posts
Tuesday, 16 July 2013
Friday, 29 January 2010
Trade Volumes Grow In G7
Exports from G7 countries grew 5% quarter-on-quarter in Q3 2009 and imports were also up by 4.1%. On a year-on-year basis exports were still significantly lower, down 17.5% as were imports, down 14.6% on last year.
The value of goods and services in OECD countries rose in Q3 2009. Exports were up by 7.8%, Q-on-Q and imports by 8.7%. On a Y-on-Y basis growth this year is again still very negative with exports down 22.1% and imports 24.7% but the overall trend suggests a bottoming out and turning point.
Monthly merchandise trade values seem to confirm the recovery. Total merchandise trade values in G7 countries have been increasing since April 2009 but remains below the levels reached during August 2008.
The value of goods and services in OECD countries rose in Q3 2009. Exports were up by 7.8%, Q-on-Q and imports by 8.7%. On a Y-on-Y basis growth this year is again still very negative with exports down 22.1% and imports 24.7% but the overall trend suggests a bottoming out and turning point.
Monthly merchandise trade values seem to confirm the recovery. Total merchandise trade values in G7 countries have been increasing since April 2009 but remains below the levels reached during August 2008.
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