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Release: International Trade in Services, 2010

Released: 27 March 2012 Next edition: 28 February 2013

Contact

Ciara Williams-Fletcher

International Transactions Branch

ciara.williams-fletcher@ons.gsi.gov.uk

Telephone: +44 (0)1633 456455

Categories: Economy, National Accounts, Balance of Payments, Business and Energy, Businesses, International Trade

Frequency of release: Annually

Language: English

Geographical coverage: International

Geographical breakdown: UK and GB

Survey name(s): Annual Survey of International Trade in Services

Correction

Production errors were discovered in the International Trade in Services 2010 Statistical Bulletin originally published on 27 March 2012.

In the key findings section, on the second paragraph, the figure for UK imports of services for 2009 that read `£41,460 million’, should have been `£41,560 million’. Also, on the seventh paragraph, the word million is missing from the value of `£2,106’.  The sentence should read `UK film exports increased to £2,106 million in 2010 compared with £1,476 million in 2009, a rise of 43 per cent’.  

These errors have now been corrected.

ONS apologises for any inconvenience caused.

Key points

The key points from this release are:
  • UK exports of services continued to increase from £84,120 million in 2009 to a new high of £89,523 million in 2010, an increase of 6 per cent.

  • UK imports of services marginally increased from £41,560 million in 2009 to £42,074 million in 2010.

  • The UK balance attributed to trade in services increased from a surplus of £42,561 million in 2009 to a surplus of £47,449 million in 2010, an increase of 11 per cent.

  • In 2010, UK exports remain dominated by professional, scientific and technical services, accounting for 31 per cent of the total. 

  • In 2010, there was an increase in UK exports in information and communication services (up 9 per cent) along with wholesale and retail services (up 26 per cent).

  • Despite overall imports into the UK in 2010 remaining relatively constant, there was a 14 per cent increase of services within the information and communication activities industry sector. This industry sector rose to joint first position for UK imports in 2010, together with the professional, scientific and technical activities industry sector.

  • In 2010, UK exports of film services continued to outweigh UK imports.  UK film exports increased to £2,106 million in 2010 compared with £1,476 million in 2009, a rise of 43 per cent.

  • UK film exports to Europe increased from £695 million in 2009 to £1,224 million in 2010.  Europe became the primary destination for UK exports of film services in 2010, compared with the Americas in 2009.

In this release

Detailed product, industry and geographic breakdowns of imports and exports of services, mainly based on data from the International Trade in Services (ITIS) Survey.
Content from the Office for National Statistics.
© Crown Copyright applies unless otherwise stated.