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Paula Maratos Trade and FDI Statistician Department for Business, Innovation and Skills #StatsTradeEvent Content • Trade – Global position – UK position – Key partners – Key sectors • Foreign Direct Investment (FDI) – Global position – UK position – Key partners – Key sectors • A special look at NW region #StatsTradeEvent Trade #StatsTradeEvent Global Trade 160 Index, 2005=100 120 80 Population 40 Source: UNCTAD and WTO Note: Goods exports volumes only. Real GDP has the impact of price changes removed. 2010 2005 2000 1995 1990 1985 1980 1975 1970 Goods exports volume 1965 1960 1955 0 1950 real GDP Year #StatsTradeEvent In 2012, what position did the UK rank in terms of value of global exports? A) 2nd B) 6th C) 10th D) 15th Source: UNCTAD #StatsTradeEvent Global trends Source: UN; Value of Goods and Services exports #StatsTradeEvent 6 Importance of trade to UK economy £bn 1600 80% 1400 70% 1200 60% Trade as % of GDP (RHS) 1000 50% 800 40% 600 30% GDP (LHS) Trade (LHS) 400 200 20% 10% 2012 2009 2006 2003 2000 1997 1994 1991 1988 1985 1982 1979 1976 1973 1970 1967 1964 1961 1958 0% 1955 0 £7,800 exports & £8,400 imports per person Source: ONS Nominal GDP and Trade data; Value of Goods and Services imports and export; UNCTAD – Population #StatsTradeEvent UK runs a deficit on goods trade but a surplus on services 2012 450 400 Goods 350 Imports £bn 300 250 Exports=imports 200 150 100 Services 1955 50 2012 0 0 50 100 150 200 Exports £bn 250 300 350 Source: ONS Balance of Payments quarterly dataset #StatsTradeEvent In 2012, which country did the UK export the highest value of goods and services to? A) France B) USA C) Germany D) China E) Netherlands Source: UN; Value of Goods and Services exports #StatsTradeEvent Key partners – Export destinations, 2012 Source: ONS; Value of Goods and Services exports #StatsTradeEvent Key partners - trends Exports=imports Source: ONS Balance of payments; Values goods and services #StatsTradeEvent In 2012, roughly what percentage of exports were in services? A) 20% B) 40% C) 60% D) 80% Source: ONS Balance of Payments #StatsTradeEvent Foreign Direct Investment #StatsTradeEvent Global trends FDI stocks Source: UNCTAD, 1980-2012 #StatsTradeEvent Importance of investment to UK economy 200 1,600 2007 2000 1,200 FDI outward flows £bn 800 FDI outward stock FDI inward stock 2010 2006 1998 1994 1990 1986 1982 1978 1974 2002 FDI inward flows 0 1970 2010 2006 2002 1998 1994 1990 1986 1982 1978 1974 1970 0 Year 100 1966 400 1966 £bn Nominal GDP Year Source: ONS Balance of Payments and National Accounts #StatsTradeEvent In 2011, who was the UK’s biggest inward investor in terms of FDI? A) France B) USA C) Germany D) Ireland E) Netherlands Source: ONS Balance of Payments #StatsTradeEvent Key Partners – Origin Country for UK inward FDI stock 2002 2011 Source: ONS Balance of Payments, Values #StatsTradeEvent In 2011, which broad industry group accounted for the largest share of the UK’s inward investment stock? A) Production B) Distribution C) Services Source: ONS Balance of Payments #StatsTradeEvent Key sectors – UK inward investment stock by industry 2011 Source: ONS Balance of Payments #StatsTradeEvent A special look at the North West position #StatsTradeEvent Overview • 8-10% of UK goods exports are from NW region • Over £20bn a year since 2006 • But recent decline in value and share of UK total Source: HMRC RTS Number of exporters and importers in NW region • Number of exporters falling • Number of importers rising Source: HMRC RTS Where do NW exports go? • Nearly half go to 5 largest destinations Source: HMRC RTS What goods are being exported? • Top 6 goods account for around half of NWs exports Source: HMRC RTS Inward investment and exporting - LEPs • Greater Manchester LEP– average for exporters – One of the lowest for foreignownership 24 Source: Harris, R • LEP average 34% • Greater Mcr 32% 25 Source: Harris, R • Just over 20% of output in Gr Mcr was from foreignowned plants. 26 Source: Harris, R • Greater Manchester LEP – 1608 exporters, 2248 nonexporters, of which nearly 15% have propensity to export 27 Source: Harris, R
