1945

In 2013, the value of merchandise exports of the United Kingdom increased substantially by 14.1 percent to reach 549.0 bln US$, while its merchandise imports decreased slightly by 4.9 percent to reach 655.7 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a deficit of 106.7 bln US$ which was the smallest since 2002 (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at -73.5 bln US$ (see graph 4). Merchandise exports in the United Kingdom were diversified amongst partners; imports were also diversified. The top 21 partners accounted for 80 percent or more of exports and 21 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of the United Kingdom decreased slightly by 1.5 percent, reaching 291.9 bln US$, while its imports of services increased slightly by 0.2 percent and reached 181.4 bln US$ (see graph 2). There was a trade in services surplus of 110.4 bln US$.

Related Subject(s): International Trade and Finance
Countries: United Kingdom
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