UK Trade and Investment

House of Lords written question – answered on 3rd October 2011.

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Photo of Lord Kilclooney Lord Kilclooney Crossbench

To ask Her Majesty's Government what percentage of United Kingdom trade is with (a) countries in the eurozone, and (b) other countries in the European Union.

Photo of Lord Green of Hurstpierpoint Lord Green of Hurstpierpoint The Minister of State, Foreign and Commonwealth Office, The Minister of State, Department for Business, Innovation and Skills

Forty-four per cent of UK trade in goods and services is with countries in the eurozone (EMU members), and a further 6 per cent is with the rest of the EU (2009).

This is taken from the UK Balance of Payments (Pink Book) published by the Office for National Statistics. Data for 2010 will be published on 1 November 2011.

More recent data (Quarter 2 2011), for trade in goods only, show that 45 per cent of trade in goods is with eurozone (EMU members), and a further 7 per cent with the rest of the EU.

This is from the UK Monthly Review of External Trade Statistics July 2011 edition, published by the Office for National Statistics on 14 September 2011.

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