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Release: UK Trade, November 2011

Released: 11 January 2012 Next edition: 09 February 2012

Contact

Marilyn Thomas

Trade in Goods, Balance of Payments

trade.in.goods@ons.gsi.gov.uk

Telephone: +44 (0)1633 455708

Categories: Economy, National Accounts, Balance of Payments

Frequency of release: Monthly

Language: English

Geographical coverage: UK

Geographical breakdown: UK and GB

Correction

16 January 2012

A production error was discovered in the UK Trade November 2011 release, originally published on 11 January 2012. This resulted in the inadvertent release of an incorrect annual and quarterly growth rate for the Export Volume series, in 2010, in table 4. This affects the PDF and Excel versions of this table. These data have now been corrected.

The Statistical Bulletin text is unaffected.

ONS apologises for any inconvenience caused.

Key points

The key points from this release are:
  • The UK’s deficit on seasonally adjusted trade in goods and services was £2.6 billion in November compared with the deficit of £1.9 billion in October.

  • The deficit on seasonally adjusted trade in goods was £8.6 billion in November, compared with the deficit of £7.9 billion in October.

  • The surplus on seasonally adjusted trade in services was estimated at £6.1 billion in November compared with the surplus of £6.0 billion in October.

  • Excluding oil and erratic items, the seasonally adjusted volume of exports was 1.7 per cent lower, and the volume of imports was 1.1 per cent higher in November, compared with October.

  • Export prices of goods fell by 0.4 per cent and import prices of goods fell by 0.2 per cent, compared with October.

Latest monthly statistics on trade in goods classified according to Standard International Trade Classification (SITC) as well as monthly estimates for total trade in services.

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