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figure 30 UK trade balance of aerospace 1996 - 2006
- In 2006, UKAI exported 62.7 per cent of its total sales, worth £12.43bn. This was a 8 per cent increase.
- It is important to note that the trade balance figures, presented in the graph below, come from government and therefore represent the trade in all aerospace goods to and from the UK and not just the UKAI. They include the purchase of aircraft by UK 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 £1.54 bn to the trade balance, representing a fall of 32 per cent on last year. However the long term average remains at £2.71bn per annum positive balance.
source: DTI
figure 31 UK trade balance of aerospace by destination 2006
- The EU accounted for the largest share of UK exports 42.7 per cent worth £7.2 bn. There was a decrease of 11 per cent in the net trade balance to £3.37bn.
- The Americas accounted for £4.8 bn of exports or 28 per cent of the total, the second largest export region. The trade balance deficit with the Americas stayed at the same level as in 2005.
- The negative balance with other Europe stayed at the same level as last year.
source: DTI