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international trade

figure 30 UK trade balance of aerospace 1996 - 2005

- In 2005, UKAI exported over 67 per cent of its total sales, worth £15.17bn. This was a 29.0 per cent increase.

- It is important to note that the trade balance figures come from government and therefore represent the trade in all aerospace goods to and from the and not just the UKAI. They include the purchase of aircraft by airlines and the sale of second-hand aircraft to the rest of the world, and are therefore different to the SBAC survey figures.

- UKAI this year contributed net £2.25bn to the trade balance, representing a fall of 33.8 per cent on last year. However the long term average remains at £2.8bn per annum positive balance.

figure 30 (18.0 KB)

figure 31 UK trade balance of aerospace by destination 2005

- The EU accounted for the largest share of exports 42 per cent worth £ 5.9bn. There was a decrease of 7.4 per cent in the net trade balance to £3.12bn, but it was still responsible for the largest positive balance.

- The Americas accounted for £4.1bn of exports or 30 per cent of the total, the second largest export region. The trade balance deficit with the narrowed by 24 per cent to £0.78bn.

- There was a significant raise in the negative balance of other Europe, which increased three fold to £407m possibly due to growing offshore procurement in these countries by industry.

figure 31 (17.5 KB)

• back to annual survey 2006 main page
• a message from the SBAC President
• sustainable aviation
• revenue - part 1
• revenue - part 2
• revenue - part 3
• orders
• financial
• research and development - part 1
• research and development - part 2
• employment - part 1
• employment - part 2
• SMEs - part 1
• SMEs - part 2
• global trends
• aerospace cross holdings
• global trends
• regional
• notes and clarification