uk exports 2020

As a result of the coronavirus, many businesses have moved to a working from home arrangement or suspended trade, causing a lower response to the survey than usual.We have developed models to assist in the quality assurance of ITIS data, which use alternative data sources such as Index of Services (IoS) and Index of Production (IoP) to estimate ITIS data.

Exports to non-EU countries surged 22 percent despite a 4.2 percent decline in sales to the US.

Data from HMRC are based on a cross-border movement of goods basis, whereas we publish on a change of economic ownership basis. Exports from the UK rose 3.5 percent from a year earlier to GBP 40.54 billion in May 2020, following sharp falls in April and May, as global demand started recovering following the easing of coronavirus-induced lockdown measures. The trade in services surplus narrowed by £4.5 billion to £105.8 billion in the 12 months to April 2020, as imports increased by £7.2 billion to £210.5 billion and exports increased by a lesser £2.7 billion to £316.3 billion.

We are also exploring the option of moving the ITIS survey fully online, along with a number of other surveys across the (ONS).Within our trade statistics, data from the International Passenger Survey (IPS) are the main source for travel services, making up around 8% of total trade. This means they have not been adjusted to remove the effects of inflation.UK trade data within our monthly trade bulletin are published at around a six-week lag because of the timeliness of source data. This is not the latest release.

In addition, the UK trade statistical bulletin also includes early monthly estimates of the value of trade in services.Further qualitative data and information can be found in the accompanying Detailed methodological notes are published in the More quality and methodology information on strengths, limitations, appropriate uses, and how the data were created is available in the We are undertaking a programme of improvements to UK trade statistics in line with the These data are our best estimates of bilateral UK trade flows, compiled following internationally agreed standards and using a wide range of robust data sources.

It should also be noted that monthly data are erratic and small movements in these monthly series should be treated with caution.Furthermore, the widespread disruption to the UK has introduced a number of constraints on operations that directly impact how we collect estimates of trade flows. Still, the value of exports was the second-lowest since December 2010. UK trade: April 2020. We continue to review and refine these models, along will the associated survey methods, to ensure the data are as robust as possible.Alongside this, work is also underway to move ITIS data collection to online methods. While we recognise that March data will have a lower response than typical, we have quality assured the data against other travel data sources to ensure the estimate reflects the changing picture for travel services.For April onwards, we have been working with ONS's Data Science Campus to create new estimates using alternative data sources.

Exports fell by £12.1 billion, while imports rose by a lesser £3.3 billion. Total trade import prices rose 1.1% in the three months to April 2020, largely driven by a 4.5% rise in services import prices.Explore the 2019 trade in goods data using our interactive tools.

We have published a /economy/nationalaccounts/balanceofpayments/bulletins/uktrade/april2020Changes in the UK trade balances, exports and imports, three months to April 2020 compared with three months to January 2020Changes to the UK trade balances, exports and imports, 12 months to April 2020 compared with 12 months to April 2019 Users should note that alternative estimates are available, in some cases, through the statistical agencies for bilateral countries or through central databases such as Interactive maps denote country boundaries in accordance with statistical classifications set out within Appendix 4 of the You can also explore the 2019 trade in goods data by commodity, for example, car exports to the EU and UK tea or coffee imports.Select a commodity from the drop-down menu or click through the levels to explore the data.For more information about our methods and how we compile these statistics, please see These data are our best estimate of these bilateral UK trade flows. This is not the latest release.

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