Trade Resources Economy Brief Report of the U.K.'s Trade in June 2016

Brief Report of the U.K.'s Trade in June 2016

According to the statistics of H.M. Revenue and Customs, the U.K.’s volume of goods trade was USD525.51 billion from January to June in 2016, down 4.2% year-on-year (the same below). Exports fell by 11.3% to USD206.90 billion, and imports grew by 1.1% to USD318.61 billion. The trade deficit was USD111.70 billion, up 36.1% from last year.

In June, the U.K.’s volume of goods trade fell by 2.8% to USD92.77 billion. Exports fell by 12.5% to USD35.67 billion and imports grew by 4.4% to USD57.11 billion. And the trade deficit grew by 53.4% to USD21.44 billion.

Since January to June, bilateral trade volume between the U.K. and China fell by 14.5% to USD36.63 billion. The U.K.’s exports to China were USD9.38 billion, down 31.0%. It accounted for 4.5% of the U.K.’s overall export, down 1.3%. And the U.K.’s imports from China reached USD27.25 billion, down 6.8%. It accounted for 8.6% of the U.K.’s overall imports, down 0.7% over the previous year. The U.K.’s trade deficit with China grew by 14.3% to USD17.87 billion.

China was the sixth largest export market of the U.K. and the third largest source of imports up to June in 2016.

Source: www.made-in-china.com
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