Skip to content

Summary of International Trade in Services, 2011

Latest release about International Trade in Services

  • 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.

The 2011 International Trade in Services publication provides a detailed breakdown of annual trade in services estimates, analysing data by product, industry and country. The data are sourced from the Office for National Statistics comprehensive surveys into international trade.

The International Trade in Services survey is a key source of UK trade data. It is important to note that the survey does not contain data for transportation, travel and banking industries. This data is obtained from other sources such as the International Passenger Survey and the Bank of England. As a result, these industries are excluded from the figures reported in this publication. Estimates for the overall level of trade in services, including these industries, are published in the Office for National Statistics Pink Book publication.

The International Trade in Services figures are used for a variety of purposes, further information can be found in the background notes of the Statistical bulletin under relevance to users.

Categories: Economy, National Accounts, Balance of Payments, Business and Energy, Businesses, International Trade
Content from the Office for National Statistics.
© Crown Copyright applies unless otherwise stated.