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

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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.

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