United Kingdom Imports

United Kingdom imports were worth 44.6 Billion GBP in March of 2012. Historically, from 1955 until 2012, the United Kingdom Imports averaged 20593.3100 Million GBP reaching an all time high of 44555.0000 Million GBP in March of 2012 and a record low of 1031.0000 Million GBP in June of 1955. United Kingdom must import almost all its copper, ferrous metals, lead, zinc, rubber, raw cotton and about one-third of its food. Its main import partners are European Union countries (Germany, France, Ireland, Netherlands, Belgium), United States, China and Norway. This page includes a chart with historical data for the United Kingdom Imports.

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Imports
An import is any good or service brought into one country from another country in a legitimate fashion, typically for use in trade. Import goods or services are provided to domestic consumers by foreign producers. An import in the receiving country is an export to the sending country. Imports, along with exports, form the basis of international trade. Import of goods normally requires involvement of the Customs authorities in both the country of import and the country of export and are often subject to import quotas, tariffs and trade agreements. when the "imports" are the set of goods and services imported, "Imports" also means the economic value of all goods and services that are imported. The macroeconomic variable I usually stands for the value of these imports over a given period of time, usually one year.

UNITED KINGDOM NEWS

UK Inflation Down to 3% in April
Published: 5/22/2012 11:17:34 AM By: TradingEconomics.com, UK Statistics
UK CPI annual inflation stands at 3.0 per cent in April 2012, down from 3.5 per cent in March. The timing of Easter had a significant impact on the April data.

U.K. Unemployment Rate Down to 8.2 in March
Published: 5/16/2012 4:26:31 PM By: TradingEconomics.com, ONS
The unemployment rate was 8.2 per cent of the economically active population for January-March 2012, down 0.2 on the quarter. There were 2.63 million unemployed people, down 45,000 on the quarter.

U.K. Trade Deficit Narrows in March
Published: 5/15/2012 12:47:10 PM By: TradingEconomics.com, ONS
The UK’s deficit in Trade in Goods and Services narrowed to £2.7 billion in March, down £0.2 billion from £2.9 billion in February.

Bank of England Keeps Monetary Policy Unchanged
Published: 5/10/2012 12:10:23 PM By: TradingEconomics.com, Bank of England
The Bank of England’s Monetary Policy Committee voted on May 10th to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £325 billion.

U.K. Economy Contracts 0.2% in Q1
Published: 5/7/2012 4:50:36 PM By: TradingEconomics.com, UK Office for National Statistics
U.K. Gross Domestic Product (GDP) decreased by 0.2 per cent in the first quarter of 2012, driven by weakness in the construction sector and the production sector.

UK Inflation Up to 3.5% in March
Published: 4/18/2012 11:28:58 AM By: TradingEconomics.com, UK Statistics
UK CPI annual inflation stands at 3.5 per cent in March 2012, up from 3.4 per cent in February. The CPI stands at 122.2 in March 2012 based on 2005 = 100.

UK Trade Deficit Widens in February
Published: 4/12/2012 11:27:42 AM By: TradingEconomics.com, UK Office for National Statistics
The UK’s deficit in Trade in Goods and Services increased to £3.4 billion in February, up £0.9 billion from £2.5 billion in January.

Bank of England Leaves Policy Unchanged
Published: 4/5/2012 12:35:17 PM By: TradingEconomics.com, Bank of England
The Bank of England’s Monetary Policy Committee voted on April 5th, to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £325 billion financed by the issuance of central bank reserves.

UK GDP Contracts 0.3% in Q4
Published: 3/28/2012 2:47:44 PM By: TradingEconomics.com, UK Office for National Statistics
UK gross domestic product (GDP) in volume terms decreased by 0.3 per cent in the fourth quarter of 2011, revised from a decline of 0.2 per cent previously estimated. For the year 2011, GDP in volume terms increased by 0.7 per cent.

UK Annual Inflation Rate Down to 3.4% in February
Published: 3/20/2012 10:41:22 AM By: TradingEconomics.com, UK Office for National Statistics
UK annual inflation stands at 3.4 per cent in February 2012, down from 3.6 per cent in January. The annual rate for February is the lowest since November 2010. The CPI stands at 121.8 in February 2012 based on 2005 = 100

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