HM Revenue & Customs (HMRC) collects the UK’s international trade in goods data, which are published as two National Statistics series - the ‘Overseas Trade Statistics (OTS)’ and the ‘Regional Trade Statistics (RTS)’. Data for Non-EU and EU trade are published separately, both on a monthly basis a few days apart. The OTS publications include import and export trade values by summary product and partner country.
HMRC has suspended the National Statistics designation for the April 2014 edition of the EU Overseas Trade Statistics. This is in response to the concerns raised by UKSA in relation to the omission of estimates for the dispatch of Oil from the UK Trade Statistics (ONS) release. The Code of Practice for Official Statistics aims to ensure that official statistics meet the needs of users; are produced, managed, and disseminated to a high standard; and that statistics are well explained. The OTS release also included estimates affected by this omission and the scale of the error in this case has led to the conclusion that this overall objective of the Code has not been met. The designation will be removed from this edition and it is anticipated that it will be reintroduced with a subsequent release that incorporates revisions to the data correcting this issue.
UK Overseas Trade Statistics data is also accessible in greater product and partner country detail in an interactive table with extensive archive hosted at www.uktradeinfo.com