Product, industry and geographic breakdowns of imports and exports of services, excluding travel, transport and banking sectors.
The 2016 International Trade in Services (ITIS) publication provides a detailed breakdown of annual trade in services estimates, analysing data by country, product and industry. These data are sourced from our International Trade in Services survey.
The ITIS survey is the main source of UK services trade data, although it is important to note that the survey does not cover the whole of the UK services economy. The travel, transport and banking industries of the economy are not covered by the ITIS survey, as these data are obtained from other sources such as the International Passenger Survey and the Bank of England. Estimates for the overall level of trade in services, including these industries, are published in our annual Pink Book and monthly UK trade publications.
Based on the 2016 estimates, the ITIS survey data contributed approximately 56% and 44% respectively to the total trade in services export and import estimates for the whole of the UK. The contribution of the ITIS survey data to the overall trade in services total has remained stable in recent years, with increases seen in 2016 to the UK exports and imports contribution, from ITIS, of 2% and 3% respectivelyMain points
- Total UK exports of services (excluding travel, transport and banking) showed record growth in 2016, rising from £123.2 billion in 2015 to £142.7 billion in 2016, an increase of 15.8%.
- Total UK imports of services (excluding travel, transport and banking) also showed record growth in 2016 and rose by £10.2 billion to a total of £!68.7 billion, an increase of 17.4%.
- The information and communication sector showed the largest growth in 2016 for both UK exports and imports of services in 2016, rising by £6.5 billion and £5.1 billion respectively.
- The European Union was the geographic area that saw the largest increases in total UK exports and imports of services with rises of !£9.2 billion and £5.0 billion respectively in 2016.
- UK exports of financial services products made the largest contribution to the rise in 2016 increasing from £14.9 billion in 2015 to £18.4 billion.