UK Overseas Trade

Statistics June 2017

Coverage:
United Kingdom

Theme:
Business and Energy Summary
Total trade exports for June 2017 were 28.3 billion.
This was a decrease of 1.0 billion (3.5 per cent)
Released:
10 August 2017
compared with last month, but an increase of 3.6
billion (15 per cent) compared with June 2016.
Next Release: Total trade imports for June 2017 were 41.7 billion.
8 September 2017 This was an increase of 1.3 billion (3.3 per cent)
compared with last month, and an increase of 1.6
Frequency of release: billion (4.0 per cent) compared with June 2016.
Monthly
The UK was a net importer this month, with imports
exceeding exports by 13.4 billion.
Media contact:
HMRC Press Office
03000 585018

Statistical contacts: Figure 1: Total UK monthly trade

Tim Fuller
03000 594250
[email protected]

Customs Trade Statistics

HM Revenue & Customs
21 Victoria Avenue
Southend-on-Sea
SS99 1AA

Website:
http://www.uktradeinfo.com

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Trade Trends

Following the global economic crisis, UK trade dropped

in 2009. Both imports and exports then steadily
increased until 2012. From the start of 2013, imports Exports up 16%
remained relatively flat until a very sharp increase in for Q2 2017 on
Q3 of 2016, while exports peaked in Q2 of 2013, with a
further peak in Q4 of 2016.
Q2 2016
The total export trade for Q2 of 2017 was 84.1 billion,
which was an increase of 16 per cent compared with
72.7 billion for Q2 of 2016.
The total import trade for Q2 of 2017 was 120 billion,
which was an increase of 3.2 per cent compared with
117 billion for Q2 of 2016. Imports up 3.2%
There was a trade deficit of 36.3 billion for Q2 of for Q2 2017 on
2017. This was a decrease of 18 per cent compared Q2 2016
with Q2 of 2016. These values were strongly
influenced by trade in non-monetary gold.
For many years Germany has been our largest trading
import partner by value. The USA has been the
dominant trading partner for exports for many years. Trade deficit down
Mechanical appliances and Motor vehicles have 18% for Q2 2017
generally been the largest import commodities by on Q2 2016
value. For exports, Mechanical appliances has also
predominantly been the largest valued commodity, with
occasional peaks for Precious metals.

Figure 2: Quarterly UK trade, 2009 2017

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Non-EU & EU Trade

Non-EU Exports for June 2017 were 13.8 billion. Non-EU exports
This was a decrease of 1.8 billion (12 per cent) on last
month, but an increase of 1.1 billion (8.6 per cent) down 12% on
compared with June 2016. last month
Non-EU Imports for June 2017 were 19.4 billion. This
is a very slight increase compared with last month, and
a decrease of 0.3 billion (1.7 per cent) compared with
June 2016. Non-EU imports
In Non-EU trade the UK was a net importer this month, down 1.7% on
with imports exceeding exports by 5.6 billion.
June 2016
EU Exports for June 2017 were 14.5 billion. This was
an increase of 0.8 billion (5.7 per cent) compared with
last month, and an increase of 2.5 billion (21 per cent)
compared with June 2016.
EU Imports for June 2017 were 22.3 billion. This was EU exports
an increase of 1.3 billion (6.3 per cent) compared with
last month, and an increase of 1.9 billion (9.4 per up 21% on
cent) compared with June 2016. June 2016
In EU trade the UK was a net importer this month, with
imports exceeding exports by 7.9 billion.
The proportion of total exports to the EU was 51 per
cent in June 2017. Over the past 18 months, this has EU imports up
ranged from 39 per cent to 51 per cent. The proportion 9.4% on
of total imports from the EU was 54 per cent in June June 2016
2017. Over the same period, this has ranged between
46 per cent and 56 per cent.
Figure 3: Proportion of Total UK Trade with the EU, June 2017

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Exports
Country Analysis
Table 1: UK exports to top 10 partner countries, June 2017
June 2017 Change from Change from Rank
Partner Rank
Total May June June
Country May 2017
( millions) 2017 (%) 2016 (%) 2016

USA 3,565 -19.1 -13.3 1 1

Germany 3,171 9.3 20.7 2 2

France 2,406 6.4 45.0 3 3

Netherlands 1,841 15.3 19.9 5 4

Irish Republic 1,682 0.7 21.4 4 5

China 1,261 -18.8 5.9 6 6

Belgium 1,117 -8.2 22.9 8 7

Italy 990 20.7 13.0 10 8

Spain 939 5.1 19.6 9 9

Switzerland 847 -33.1 37.4 7 10

Others 10,444 -2.3 16.9 - -

Total Non-EU 13,810 -11.5 8.6 - -

Total EU 14,454 5.7 21.2 - -

Total Exports 28,264 -3.5 14.7 - -

Source: HM Revenue & Customs Overseas Trade Statistics
Note: 2017 data is provisional

The order of the top ten export partner countries

(ranked by value) has changed compared with last
month, but is unchanged compared with June 2016.
Six of the top ten countries have experienced
increases in value compared with last month, while
Top export
nine countries saw increases compared with June country, USA,
2016, with the USA having the only decrease. down 19% on
The USA was the largest export partner country, last month
although it had the largest decrease compared with
both periods. It fell 840 million (19 per cent) compared
with last month, and fell 547 million (13 per cent)
compared with June 2016.
Germany experienced the largest value increase
compared with last month, up 269 million (9.3 per
Exports to
cent). It also had the second largest increase on June Germany up 21%
2016, up 544 million (21 per cent). on June 2016

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 Oman, in 23rd place, experienced the second largest
value increase compared with last month, up 251
million (a sixfold increase), and the sixth largest
increase compared with June 2016, up 262 million (an
eightfold increase).
The Netherlands experienced the third largest increase
on last month, up 244 million (15 per cent), and up
305 million (20 per cent) compared with June 2016, Exports to
the fourth largest increase. France up 45%
France increased by 144 million (6.4 per cent) on June 2016
compared with last month. It showed the biggest
increase on June 2016, up 747 million (45 per cent).
Switzerland experienced the second largest decrease
compared with last month, down 420 million (33 per
cent). However, it saw an increase compared with June Exports to
2016, up 230 million (37 per cent). Switzerland
Turkey (11th place) rose 197 million (32 per cent) on down 33% on
last month, and 463 million (more than double) on last month
June 2016, the third largest increase.
Iceland (64th place) experienced the second largest
decrease compared with June 2016, down 152 million
(82 per cent).

Figure 4: UK exports to top 5 countries, June 2017

The USA accounted for 13 per cent of the total value of

exports from the UK, compared with 17 per cent in
June 2016. The USA
Germany had the second largest proportion of total accounted for
exports, accounting for 11 per cent, a slight increase 13% of total UK
from June 2016. exports
The top five export partners accounted for 45 per cent
of total exports this month, compared with 46 per cent
in June 2016.

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Commodity Analysis

Table 2: UK exports by top 5 commodities, June 2017

Change
June 2017 Change Rank
Commodity from Rank
Total from May June
Description June May 2017
( millions) 2017 (%) 2016
2016 (%)
Mechanical
4,491 1.7 15.5 1 1
appliances
Motor vehicles 3,361 -4.6 2.8 2 2
Pharmaceutical
2,465 6.6 14.6 4 3
products
Mineral fuels 1,930 -28.6 48.6 3 6
Electronic
1,848 5.3 12.5 6 5
equipment
Others 14,171 -2.8 14.4 - -

Total Exports 28,264 -3.5 14.7 - -

Source: HM Revenue & Customs Overseas Trade Statistics
Note: 2017 data is provisional

The top five export commodities (ranked by value) has

changed compared with last month and June 2016, Exports of
although the top two are unchanged.
Mechanical
The top commodity, Mechanical appliances, saw an appliances up
increase compared with both last month, up 76 million
(1.7 per cent), and June 2016, up 602 million (15 per 15% on June 2016
cent), the third largest increase.
Aircraft, in sixth place, experienced the largest value
increase compared with last month, up 386 million (30
per cent). It also rose slightly compared with June
2016, up 8 million (0.5 per cent). Exports of
Pharmaceutical products saw the second largest value Aircraft up 30%
increase compared with last month, up 152 million on last month
(6.6 per cent). It also rose against June 2016, up 314
million (15 per cent).
Precious metals saw the largest decrease compared
with last month, down 831 million (39 per cent). It Exports of
dropped from fifth to seventh place. However, it saw
the largest value increase compared with June 2016,
Precious metals
up 635 million (98 per cent). down 39% on
Mineral fuels experienced the second largest decrease last month
compared with last month, down 773 million (29 per
cent). However it had the second largest increase on
June 2016, up 631 million (49 per cent).
Art and antiques (12th place) showed the largest
decrease compared with June 2016, down 130 million Exports of
(20 per cent). Mineral fuels
The top five export commodities accounted for 50 per down 29% on
cent of total UK trade exports this month compared
with 51 per cent in June 2016.
last month

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Combined Commodity and Country Analysis
Figure 5: UK exports to EU & Non-EU by top 5 commodities, June 2017

Mechanical appliances, Motor vehicles, and

Pharmaceutical products were in the top five export
commodities for both EU and non-EU countries.
Exports of
The increase in exports of Mechanical appliances
was led by France, up 78 million (15 per cent) on Mechanical
last month, and up 432 million (a near fourfold appliances to
increase) compared with June 2016. France up fourfold
The rise in exports of Aircraft was led by increases to on June 2016
Oman, up 242 million (from 5 million) compared to
last month, and up 245 million (from 1 million) on
June 2016. However, this was offset by a fall in
exports to the USA, down 169 million (51 per cent),
and Iceland, down 168 million to under 1 million.
The increase in exports of Pharmaceutical products
compared with both periods was led by an increase
Exports of
to Germany, up 164 million (63 per cent) on last Aircraft to Oman
month, and 157 million (59 per cent) on June 2016. up fifty-fold on last
The decrease in exports of Mineral fuels compared month
with last month was led by South Korea, down 298
million (79 per cent); and China, down 202 million
(68 per cent). In contrast, exports of mineral fuels
increased compared with June 2016, as the
Netherlands and Germany saw increases of 259
million (70 per cent) and 163 million (more than
double) respectively. Exports of
The rise in exports to Turkey was led by an increase Mineral fuels to
in Precious metals, up 176 million (85 per cent) on South Korea down
last month, and up 384 million (from under 1 79% on last month
million) on June 2016. In contrast, exports of this
commodity to Switzerland fell 603 million (67 per
cent) on last month, but rose compared with June
2016, up 152 million, doubling in value.

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Imports
Country Analysis
Table 3: UK imports from top 10 countries, June 2017
June 2017 Change Change Rank Rank
Partner
Total from May from June May June
Country
( millions) 2017 (%) 2016 (%) 2017 2016

Germany 5,989 6.9 6.5 1 1

USA 3,619 1.2 14.9 2 2

Netherlands 3,341 -0.3 12.8 3 4

China 3,282 -0.5 10.8 4 3

France 2,595 21.8 14.3 5 6

Belgium 2,124 8.9 10.4 6 7

Italy 1,664 5.2 5.9 7 8

Spain 1,349 5.8 2.6 10 10

Norway 1,302 -15.0 -6.6 8 9

Canada 1,118 -19.0 73.0 9 17

Others 15,330 4.3 -6.0 - -

Total non-EU 19,390 0.0 -1.7 - -

Total EU 22,323 6.3 9.4 - -

Total Imports 41,713 3.3 4.0 - -

Source: HM Revenue & Customs Overseas Trade Statistics
Note: 2017 data is provisional

The order of the top ten import partners (ranked by

value) has changed compared with last month, though
the top seven remain unchanged. There were several
country ranking changes compared with June 2016,
most notably, Canada rose to tenth place from 17th.
Six of the top ten import partners increased in value
compared with last month, while only one, Norway, Top import
decreased when compared with June 2016.
country Germany
Germany remained the top import partner country. It up 6.9% on last
showed the second largest increase in value compared
with last month, up 387 million (6.9 per cent). It also month
increased when compared with June 2016, up 366
million (6.5 per cent).
France experienced the largest value increase on last
month, up 465 million (22 per cent), and saw an
increase on June 2016, up 324 million (14 per cent).

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 Imports from the Canada saw the largest decrease
compared with last month, down 262 million (19 per
cent). In contrast, it saw the largest increase on June Imports from
2016, up 472 million (73 per cent). Canada down
Switzerland saw an increase on last month, up 145 19% on last month
million (21 per cent). Conversely, it showed the largest
decrease compared with June 2016, down 1,786
million (68 per cent), falling from fifth to 14th place.
South Africa (19th place) experienced the third largest
value increase compared with last month, up 296
million (more than double). In contrast, it saw the
second largest value decrease on June 2016, down Imports from
494 million (47 per cent). Switzerland
Norway saw the second largest decrease compared down 68% on
with last month, down 231 million (15 per cent).
June 2016
The United States saw the second largest increase
compared with June 2016, up 468 million (15 per
cent).

Figure 6: UK imports from top 5 countries, June 2017

Germany accounted for 14 per cent of the total value of

imports to the UK, a slight increase on June 2016.
The USA accounted for 8.7 per cent of total imports, an Germany
increase compared with 7.9 per cent in June 2016.
accounted for 14%
The top five partner countries accounted for 45 per of total UK imports
cent of total UK import value this month, compared with
43 per cent for June 2016.

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Commodity Analysis
Table 4: UK imports by top 5 commodities, June 2017
June 2017 Change Change Rank Rank
Commodity
Total from May from June May June
Description
( millions) 2017 (%) 2016 (%) 2017 2016

Motor vehicles 5,140 4.3 7.7 2 2

Mechanical
5,135 1.5 10.7 1 3
appliances
Electronic
3,694 3.6 7.6 3 4
equipment

Precious metals 3,342 20.2 -35.6 5 1

Mineral fuels 2,747 -4.5 8.0 4 5

Others 21,655 2.3 10.8 - -

Total Imports 41,713 3.3 4.0 - -

Source: HM Revenue & Customs Overseas Trade Statistics
Note: 2017 data is provisional

The ordering of the top five commodity groups has

changed compared with last month, with Motor
vehicles rising to first, replacing Mechanical
appliances. Compared with June 2016, Precious Imports of Motor
metals dropped from first to fourth place. vehicles up 4.3%
Motor vehicles was the top import commodity by value, on last month
accounting for a 12 per cent share of the total imports.
It showed the third largest increase compared with last
month, up 211 million (4.3 per cent). It had the second
largest increase on June 2016, up 366 million (7.7 per Precious metals
cent).
imports down
Precious metals imports showed the largest increase 36% on June
on last month, up 561 million (20 per cent). In
contrast, it saw the largest decrease compared with 2016
June 2016, down 1,848 million (36 per cent).
Mechanical appliances saw an increase on last month,
up 74 million (1.5 per cent). It showed the highest
increase on June 2016, up 496 million (11 per cent). Mechanical
Mineral fuels showed the largest decrease on last appliances up 11%
month, down 131 million (4.5 per cent). Conversely, it on June 2016
saw an increase compared with June 2016, up 203
million (8.0 per cent).
Imports of Aircraft (in seventh place) experienced the
second largest increase compared with last month, up Imports of
276 million (27 per cent). Mineral fuels
The top five import commodities accounted for 48 per down 4.5% on
cent of total UK trade imports for this month, down from last month
51 per cent in June 2016.

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Combined Commodity and Country Analysis
Figure 7: UK imports to EU & Non-EU by top 5 commodities, June 2017

Mechanical appliances and Electronic equipment were

in the top five import commodities from both EU and
non-EU countries. Imports of Motor
The rise in imports of Motor vehicles compared with vehicles from
both last month and June 2016 was led by increases Germany up 5.9%
from Germany, up 107 million (5.9 per cent), and on last month
113 million (6.3 per cent) respectively.
The increase in Precious metals compared with last
month was led by Hong Kong, South Africa, and
France, up 296 million (trebling in value), 268 million
(trebling in value), and 193 million (more than treble) Imports of
respectively. The fall on June 2016 was led by Precious metals
Switzerland, down 1,895 million (94 per cent), and from Switzerland
South Africa, down 531 million (57 per cent).
down 94% on June
The rise in imports from the USA on last month was led 2016
by increases of Aircraft, up 224 million (93 per cent).
While increases of Precious metals, up 241 million
(more than double), and Mechanical appliances, up
222 million (35 per cent), led the rises on June 2016.
The decrease in imports of Mineral fuels compared
with last month was led by imports from Norway, down Imports of
233 million (19 per cent). The rise in the commodity Mechanical
compared with June 2016 was led by an increase from
Algeria, up 178 million (from 13.1 million). appliances from the
The fall in imports from Canada on last month was led
USA up 35% on
by decreases in Aircraft, down 166 million (75 per June 2016
cent), and Precious metals, down 139 million (15 per
cent). In contrast, Precious metals led the increases
from Canada when compared with June 2016, up 443
million (more than double).

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Annex I Metadata

You can access the data behind this bulletin through our uktradeinfo web site.
Detailed Trade Statistics data at 8-digit commodity code level is available in our
interactive database.
Aggregate OTS data is available in pre-prepared Excel tables.
Non-Monetary Gold (NMG) can form a substantial part of the non-EU Overseas
Trade Statistics (OTS). For further information, see Inclusion of Non-Monetary
Gold in OTS. Data relating to monthly non-EU and EU import and export totals
for January 2008 onwards with a breakdown of non-monetary gold and other
trade is available in an OTS time series spreadsheet.
You can find details of how users interested in import and export markets for
specific goods make use of the detailed OTS data in The User Story.

Annex II Methodological Notes

1. HM Revenue & Customs released these latest statistics on Overseas Trade with
countries on 10 August 2017 under arrangements set out in the Code of Practice
for Official Statistics. The first release is published on HMRCs trade data
website www.uktradeinfo.com.
2. This release includes the first provisional estimates of trade-in-goods between
the UK and both countries of the EU and those outside the EU for June 2017. At
the same time revisions for all previously published non-EU and EU data for
2016 and 2017 are also being released in line with the HM Revenue & Customs
Policy on Revisions.
3. The EU figures provided in this publication of the June 2017 Overseas Trade
Statistics are collected from the Intrastat survey. They will include:
a. Estimates for businesses who have yet to submit detailed data on the
trade they had with other EU Member States this month.
b. Estimates for businesses who do not have to submit detailed data on
the trade they have with other EU Member States
c. An adjustment for trade associated with Missing Trader Intra
Community fraud. More details of this can be found here.
Estimates are included in all high level totals including commodity (HS2) and
country totals.
4. The Non-EU figures provided in this publication of the June 2017 Overseas
Trade Statistics are presented by customs declarations and collected by the
CHIEF (Customs Handling of Import and Export Freight) system.
5. Detailed trade information is presented according to the Harmonised System
(HS) nomenclature.
6. The aggregate estimates here will differ slightly from those that are published by
the Office for National Statistics (ONS) as part of the Balance of Payments
(BoP), as the two sets of data are compiled to different sets of rules. The ONS
web site provides an overview of BoP at the Guide to UK Trade as well as the
detailed monthly UK Trade Releases. The BoP publication shows a high level
picture of UK trade-in-goods, whereas the OTS publication shows a detailed
picture of the UKs trade-in-goods by commodity and partner country.
uktradeinfo.com provides more detail about the differences between BoP and
OTS publications.
7. The aggregate estimates here will differ from the Eurostat publication Euro area
external trade. The OTS was published up until the May 2016 month of account

12
 as 'general trade' based upon goods recorded as they enter or leave the UK.
This will include goods imported into and exported from a freezone or customs
warehouse, regardless of their future use. The Eurostat EU external trade data
are published as special trade where goods are recorded as trade only when
they enter free circulation or are declared to specific Customs regimes such as
Inward Processing (IP) or Processing under Customs Control (PCC). Imports
from a free zone or customs warehouse are similarly recorded in special trade.
8. HMRC publishes additional information to help support users of non-EU data.
Information to help support users of the EU Overseas Trade Statistics can be
found here. This includes links to our policies on revision and suppression of
data, descriptions of the methodology used to compile the OTS and information
on the quality of the data published.
9. From the May 2016 month of account, there was a methodological change to the
way our trade-in-goods statistics are compiled. Following a change in legislation,
trade-in-goods statistics switched from the general trade system of compilation
to the special trade system. More information can be found here.
10. The OTS has been reviewed as part of an assessment made of Overseas Trade
Statistics by the UK Statistics Authority. The report of that assessment can be
found at
http://www.statisticsauthority.gov.uk/assessment/assessment/assessment-
reports/assessment-report-93---uk-trade-in-goods.pdf.
11. The United Kingdom Statistics Authority has designated these statistics as
National Statistics, in accordance with the Statistics and Registration Service Act
2007 and signifying compliance with the Code of Practice for Official Statistics.
Designation can be broadly interpreted to mean that the statistics:
meet identified user needs;
are well explained and readily accessible;
are produced according to sound methods; and
are managed impartially and objectively in the public interest.
Once statistics have been designated as National Statistics it is a statutory
requirement that the Code of Practice shall continue to be observed.

Statistical contact:
Tim Fuller 03000 594250
E-mail [email protected]

Next release: 8 September 2017 9:30am

Crown copyright 2017.
If using specific facts contained in this release please check the information is still current.

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