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Exports

Business, Innovation and Skills written question – answered on 11th September 2013.

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Photo of Tom Blenkinsop Tom Blenkinsop Opposition Whip (Commons)

To ask the Secretary of State for Business, Innovation and Skills what estimate he has made of the change in the seasonally-adjusted level of non-EU exports since May 2013.

Photo of Michael Fallon Michael Fallon The Minister of State, Department for Business, Innovation and Skills , Minister of State, Department of Energy and Climate Change

Estimates of the value of non-EU exports (goods only) since May 2013 are shown in the following table, taken from Table 2 in the ONS UK Trade July 2013 bulletin, released on 6 September 2013.

Month Goods exports to non-EU (£ billion) Change on previous month (£ billion) Percentage change on previous month
May 2013 12.8 -0.4 -3
June 2013 14.0 +1.2 +9
July 2013 11.8 -2.2 -16

Trade statistics for any one month can be erratic. For that reason, ONS recommend to compare the latest three months against the preceding three months and the same three months of 2012. On this basis, the change in the seasonally adjusted value of non-EU exports (goods only) are (as shown in Table 2 of UK Trade July 2013):

UK exports to Non-EU (goods only, BoP basis)
Three months ended: £ billion
2012 July 38.35
2013 April 38.28
2013 July 38.51
Percentage change, latest three months compared with: Percentage
Previous three months 0.6
Same three months last year 0.4

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