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Release: International Trade in Services, 2011

Released: 28 February 2013 Next edition: 30 January 2014

Contact

Ciara Williams-Fletcher

Business Outputs and Development Division

itis@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 International Trade in Services (ITIS)

  • Total UK exports of services continued to increase from £89,523 million in 2010 to £97,311 million in 2011, an increase of 9% (compared with a 6% increase between 2009 and 2010).

  • Total UK imports of services increased by 4% from £42,074 million in 2010 to £43,564 million in 2011 (compared with relatively no change between 2009 and 2010).

  • The UK continues to be a net exporter of services. The total UK service balance increased by 13% from a surplus of £47,449 million in 2010 to £53,746 million in 2011.

  • Wholesale and retail trade continued to show strong growth in 2011 where UK exports rose by 65% from £8,609 million in 2010 to £14,176 million in 2011 (compared with a 26% increase in 2010).

  • Total UK exports of merchanting, other trade-related and services between affiliated enterprises increased by 30% in 2011 rising from £17,254 million in 2010 to £22,356 million in 2011 (compared with relatively small growth of 11% in 2010). This may indicate a shift in UK exports patterns favouring merchanting, other trade related and services between affiliated enterprises.

  • Growth in Asian markets continued to increase with UK exports to Asia rising by 9%, from £14,137 million in 2010 to £15,445 million in 2011 and UK imports from Asia rising by 25%, from £6,589 million in 2010 to £8,250 in 2011.

Detailed product, industry and geographic breakdowns of imports and exports of services, mainly based on data from the International Trade in Services (ITIS) Survey.

These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.

Content from the Office for National Statistics.
© Crown Copyright applies unless otherwise stated.