Best of the Week
Most Popular
1. US Housing Market House Prices Bull Market Trend Current State - Nadeem_Walayat
2.Gold and Silver End of Week Technical, CoT and Fundamental Status - Gary_Tanashian
3.Stock Market Dow Trend Forecast - April Update - Nadeem_Walayat
4.When Will the Stock Market’s Rally Stop? - Troy_Bombardia
5.Russia and China Intend to Drain the West of Its Gold - MoneyMetals
6.BAIDU (BIDU) - Top 10 Artificial Intelligence Stocks Investing To Profit from AI Mega-trend - Nadeem_Walayat
7.Stop Feeding the Chinese Empire - ‘Belt and Road’ Trojan Horse - Richard_Mills
8.Stock Market US China Trade War Panic! Trend Forecast May 2019 Update - Nadeem_Walayat
9.US China Trade Impasse Threatens US Lithium, Rare Earth Imports - Richard_Mills
10.How to Invest in AI Stocks to Profit from the Machine Intelligence Mega-trend - Nadeem_Walayat
Last 7 days
Silver Short-Term Trend Analysis - 26th June 19
Iran and the Dying Days Of the US Empire - 26th June 19
Why a Saturated Online Gaming Market Spells Good News for Gamblers - 26th June 19
Natural Gas Sets Up Bottom Pattern - 26th June 19
Has Gold Price Broken Out Or Not? Technicals And Fundamentals - 26th June 19
Stocks and XAU Gold Miners Next Bull and Bear Markets are Now Set Up - 26th June 19
Gold Price Trend Forcast to End September 2019 - Video - 25th June 19
Today’s and NINJA Loan Economy - 25th June 19
Testing the Fed’s Narrative with the Fed’s Data: QT Edition - 25th June 19
What "Pro Traders" use to Find Profitable Trades - eBook - 25th June 19
GDX Gold Stocks ETF - 25th June 19
What Does Facebook’s LIBRA New Crytocurrency Really Offer? - 25th June 19
Why Bond Investors MUST Be Paying Attention to Puerto Rico - 25th June 19
The Next Great Depression in the Making - 25th June 19
The Bad News About Record-Low Unemployment - 24th June 19
Stock Market New High, but…! - 24th June 19
Formula for when the Great Stock Market Rally Ends - 24th June 19
How To Time Market Tops and Bottoms - 24th June 19
5 basic tips to help mitigate the vulnerability inherent in email communications - 24th June 19
Will Google AI Kill Us? Man vs Machine Intelligence - 24th June 19
Why are Central Banks Buying Gold and Dumping Dollars? - 23rd June 19
Financial Sector Paints A Clear Picture For Stock Market Trading Profits - 23rd June 19
What You Should Look While Choosing Online Casino - 23rd June 19
INTEL (INTC) Stock Investing to Profit From AI Machine Learning Boom - 22nd June 19
Here’s Why You Should Drive a Piece of Crap Car - 22nd June 19
How Do Stock Prices React to Fed Interest Rate Cuts? - 22nd June 19
Gold Bull Market Breaking Out! - 21st June 19
Post-FOMC Commentary: Delusions of Grandeur - 21st June 19
Gold Scores Gains as Draghi and Powel Grow Concerned - 21st June 19
Potential Upside Targets for Gold Stocks - 21st June 19
Gold Price Trend Forcast to End September 2019 - 21st June 19
The Gold (and Silver) Volcano Is Ready to Erupt - 21st June 19
Fed Leaves Rates Unchanged – Gold & Stocks Rally/Dollar Falls - 21st June 19
Silver Medium-Term Trend Analysis - 20th June 19
Gold Mining Stocks Waiting on This Chart - 20th June 19
A Key Gold Bull Market Signal - 20th June 19
Money Saving Kids Gardening Growing Giant Sunflowers Summer Fun - 20th June 19
Investing in APPLE (AAPL) to Profit From AI Machine Learning Stocks - 20th June 19
Small Cap Stocks May Lead A Market Rally - 20th June 19 -
Interest Rates Square Minus Zero - 20th June 19
Advice for Financing a Luxury Vehicle - 20th June 19
Stock Market Final Blow Off Top Just Hit… Next Week Comes the FIREWORKS - 20th June 19
US Dollar Rallies Off Support But Is This A Top Or Bottom? - 19th June 19
Most Income Investors Are Picking Up Nickels in Front of a Steamroller - 19th June 19
Is the Stock Market’s Volatility About to Spike? - 19th June 19
Facebook's Libra Crypto currency vs Bitcoin: Five Key Differences - 19th June 19
Fed May Trigger Wild Swing In Stock Index and Precious Metals - 19th June 19
How Long Do Land Rover Discovery Sport Brake Pads Last? - 19th June 19
Gold Golden 'Moment of Truth' Is Upon Us: $1,400-Plus or Not? - 18th June 19
Exceptional Times for Gold Warrant Special Attention - 18th June 19
The Stock Market Has Gone Nowhere and Volume is Low. What’s Next - 18th June 19
Silver Long-Term Trend Analysis - 18th June 19
IBM - Watson Deep Learning - AI Stocks Investing - Video - 18th June 19
Investors are Confident, Bullish and Buying Stocks, but… - 18th June 19
Gold and Silver Reversals – Impossible Not to Notice - 18th June 19

Market Oracle FREE Newsletter

Gold Price Trend Forecast Summer 2019

UK Trade Goods Data 2007- Exports Fell by 10%, Imports Rose by 2%

Economics / UK Economy Mar 14, 2008 - 12:43 AM GMT



Best Financial Markets Analysis ArticleUK Regional Trade in Goods estimates are released today, for the fourth quarter of 2007 .


•  Total value of UK exports for the 12 months ending December 2007 was £218,919m.

•  The total value of UK exports for the 12 months ending December 2007 fell by £24,902m (10 per cent) compared to the 12 months ending December 2006.

•  The value of UK exports to the EU decreased by £25,595m (17 per cent) in the same period. Northern Ireland was the only country of the UK that had an increase.

•  The value of UK exports to countries outside the EU increased by £693m (1 per cent).
There were increases in five regions and countries of the UK with the largest increase in North East (£1,133m).


•  The total value of UK imports for the 12 months ending December 2007 was £308,689m.

•  The total value of UK Imports for the 12 months ending December 2007 rose by £6,725m (2 per cent) compared to the previous 12 months.

•  The value of UK Imports from the EU increased by £4,039m (2.5 per cent) in the same period. Decreases were only seen in the North West , London and Wales .

•  The value of UK Imports from countries outside the EU increased by £2,686m (2 per cent). Nine of the 12 regions and countries of the UK saw increases, with the largest increase in Yorkshire and The Humber (£1,326m). The largest percentage increase was in the North East (44 per cent).

Comparison of Exports and Imports between 2006 and 2007 are affected by changes in trade associated with VAT carousel fraud (MTIC) and by EU enlargement in January 2007.

Figure 1: UK Trade-in-goods exports by region 1 Figure 2: UK Trade-in-goods imports by region 1

Comparison of Exports and Imports to other EU Member States between 2006 and 2007 are affected by changes in trade associated with VAT carousel fraud (MTIC) and by EU enlargement in January 2007.

1 Figures refer to the percentage change between the rolling years 2006 Q1 to 2006 Q4 and 2007 Q1 to 2007 Q4
Source: Regional Trade Statistics, HM Revenue & Customs


•  HM Revenue & Customs (HMRC) has today published a set of new regional trade statistics figures for the fourth quarter 2007. The 2007 data is provisional, and subject to the normal updates in overseas trade statistics relating to late receipt and amendments of trade declarations.

•  The News Release uses the new EU27 country group as from Quarter one, 2007, including Bulgaria and Romania . A corresponding change follows for the non-EU country group.

•  Data taken primarily from Customs systems (for non-EU trade) and the Intrastat survey. HMRC do not receive information in respect of goods that move wholly within the UK , nor in intangibles and services such as banking or tourism. Trade is mainly allocated to a region by the postcode associated with a company's VAT registration, and aggregated tables are produced to facilitate time series analysis. These tables are provided in a separate document released in conjunction with this News Release.

•  Some adjustments have been necessary in the production of export statistics by region to ensure manufacturing that takes place at branch premises is properly allocated to the region where the branch is situated. However, adjustments are not made to import statistics and therefore, in some cases, trade has been allocated to the region where the head office is situated.

•  Regional Trade Statistics (RTS) total values differ slightly from the UK level Overseas Trade Statistics; RTS does not include estimates for non-response, including estimates for the missing EU Imports associated with Missing Trader Intra-Community VAT Fraud (MTIC Fraud).
See for more information.

•  Data for 2005 onwards are based on the revised methodology used to calculate trade statistics concerning Gas and Electricity. As they are now calculated on a physical flow rather than fiscal transaction, there is no satisfactory method to allocate this trade to a region. It has therefore been allocated to the Unknown region.

•  The Regional Trade Statistics also include estimates made for trade below the Intrastat threshold.

•  Estimates relating to trade in goods within classification codes that have changed since the previous year are not assigned to a region but are included within ‘Unknown region' for completeness.

•  Information on the methodology used for the Regional Trade Statistics time series can be obtained from the National Statistics website on and also on the trade statistics information website .

•  The Regional Trade in Goods figures are in the scope of National Statistics. National Statistics are produced to high professional standards set out in the National Statistics Code of Practice. They undergo regular quality assurance reviews to ensure they meet customer needs. They are produced free from any political interference.

•  The next release will be published on 12 June 2008 . This will include revised data for the first four quarters of 2007 and a set of new regional trade statistics figures for first quarter 2008.

For further information please contact:
uktradeinfo Customer Services,
Knowledge, Analysis and Intelligence: Trade Statistics
HM Revenue & Customs,
5th Floor South Central,
Alexander House,
21 Victoria Avenue,
SS99 1AA
Telephone: 01702 367485
Fax: 01702 366596

(c) Crown copyright 2006.

Information about HM Revenue & Customs can be found on our website: For this news release and other information visit for authoritative and up to date information on UK Trade.

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

Issued by HM Revenue & Customs Press Office Website:

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules