Also in the news...
Bond Support Scheme
Find out about the Bond Support Scheme - how it works, its benefits and how to apply.
UK and African business leaders arrive in Togo to create trade and investment deals
The event brings together delegations from ten African nations alongside leading UK companies and investors to advance partnerships that promote economic growth and jobs.
Countering sanctions evasion: guidance for freight and shipping
For freight forwarders, carriers, hauliers, customs intermediaries, postal and express operators, and other companies facilitating the movement of goods.
International Compliance Tips for Entrepreneurs Going Global
While expanding across borders can accelerate business growth, it also raises the stakes when it comes to staying legally compliant.
Cutting Administrative Burdens When Trading Abroad
From customs declarations to inventory tracking across borders, the paperwork and compliance requirements can quickly become overwhelming for growing companies.
Overseas Trade Statistics - EU Latest Release
The value of UK trade fell sharply for both imports and exports in December 2012, with exports falling by £2.4 billion, and imports falling by £3.0 billion. These are the lowest monthly totals since August 2010.
Imports fell more than exports. This resulted in a decrease of 11.1 per cent in the difference between UK imports from the EU and exports to the EU.This difference is now £4.3 billion, the lowest since May 2012.
Key Points
- For trade with EU Member States, the value of both imports and exports fell sharply compared to November 2012.
- The UK’s EU exports have decreased by £2.4 billion (18.1 per cent) compared to November 2012, to £11.1 billion. Compared to December 2011 exports have decreased by £1.0 billion (8.3 per cent).
- The UK’s EU imports have decreased by £3.0 billion (16.2 per cent) compared to November 2012, to £15.4 billion. Compared to December 2011 imports decreased by £0.4 billion (2.8 per cent).
- The UK remains a net importer (imports are greater than exports). The size of difference between imports and exports is now £4.3 billion, a decrease of £0.5 billion (11.1 per cent).
- The first estimate of total exports for 2012 is £150.3 billion compared with £158.3 billion in 2011.
- The first estimate of total imports from 2012 is £206.0 billion compared with £202.6 billion in 2011.