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Release: International Trade in Services, 2012

Released: 30 January 2014 (Latest) Next edition: 30 January 2015 (provisional date)

Contact

Ciara Williams

Business Outputs and Developments 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

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

  • Total UK exports of services (excluding travel, transportation and banking) in current prices, continued to rise, increasing from £97,311 million in 2011 to £103,828 million in 2012, an increase of 7%.

  • Total UK exports of services to Saudi Arabia more than doubled in 2012, rising from £1,525 million in 2011 to £3,483 million in 2012. This rise was predominantly due to increases in UK exports of technical services such as engineering and surveying.

  • Total UK imports of services (excluding travel, transportation and banking) in current prices, increased by 7%, rising from £43,564 million in 2011 to £46,399 million in 2012.

  • Total UK imports of services from Europe saw an 8% increase between 2011 and 2012, rising from £22,325 million in 2011 to £24,192 million in 2012. This followed marginal growth between 2010 and 2011. 

  • In 2012, businesses trading within the Professional, scientific and technical activities sector of the economy continued to be the largest contributors of UK exports and imports of services, with £32,724 million and £13,401 million respectively.

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.

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.