Uk Trade Performance
BIS ECONOMICS PAPER NO. 17
UK trade performance across markets and sectors
FEBRUARY 2012
1
BIS ECONOMICS PAPER NO. 17
UK trade performance across markets and sectors
FEBRUARY 2012
The Views expressed within BIS Economics Papers are those of the authors and should not be treated as Government policy
UK trade performance across markets and sectors
CONTENTS
LIST OF TABLES AND FIGURES ................................................................. vii ACKNOWLEDGEMENTS ............................................................................... ix FOREWORD.................................................................................................... x EXECUTIVE SUMMARY ................................................................................ xi CHAPTER 1: OVERVIEW OF UK TRADE PERFORMANCE..........................1 1.1 1.2 1.3 1.4 INTRODUCTION ...............................................................................1 AGGREGATE TRADE PERFORMANCE ..........................................2 UK TRADE GROWTH .......................................................................3 OVERVIEW OF SECTORS AND MARKETS ....................................3 Service Sectors ..........................................................................3 Goods Sectors............................................................................5 Market Share in Key Destinations ..............................................7
1.4.1 1.4.2 1.4.3 1.5
UK TRADE BALANCE AND COMPARISON TO FRANCE ...............9 Goods and Services ...................................................................9 Goods Sectors..........................................................................10 French Comparison ..................................................................10
1.5.1 1.5.2 1.5.3
CHAPTER 2: EXPORT-LED GROWTH, & THE NUMBER OF EXPORTERS
UK trade performance across markets and sectors
FEBRUARY 2012
1
BIS ECONOMICS PAPER NO. 17
UK trade performance across markets and sectors
FEBRUARY 2012
The Views expressed within BIS Economics Papers are those of the authors and should not be treated as Government policy
UK trade performance across markets and sectors
CONTENTS
LIST OF TABLES AND FIGURES ................................................................. vii ACKNOWLEDGEMENTS ............................................................................... ix FOREWORD.................................................................................................... x EXECUTIVE SUMMARY ................................................................................ xi CHAPTER 1: OVERVIEW OF UK TRADE PERFORMANCE..........................1 1.1 1.2 1.3 1.4 INTRODUCTION ...............................................................................1 AGGREGATE TRADE PERFORMANCE ..........................................2 UK TRADE GROWTH .......................................................................3 OVERVIEW OF SECTORS AND MARKETS ....................................3 Service Sectors ..........................................................................3 Goods Sectors............................................................................5 Market Share in Key Destinations ..............................................7
1.4.1 1.4.2 1.4.3 1.5
UK TRADE BALANCE AND COMPARISON TO FRANCE ...............9 Goods and Services ...................................................................9 Goods Sectors..........................................................................10 French Comparison ..................................................................10
1.5.1 1.5.2 1.5.3
CHAPTER 2: EXPORT-LED GROWTH, & THE NUMBER OF EXPORTERS