UK trade in goods by declared currency of invoice: methodology notes
Published 27 April 2023
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This publication is available at https://www.gov.uk/government/statistics/uk-trade-in-goods-by-declared-currency-of-invoice-2022/uk-trade-in-goods-by-declared-currency-of-invoice-methodology-notes
Data Sources
Data received through the administrative Customs system for trade movements between the UK and other countries includes currency of invoice declared. This release reports on the currency used.
From 31 December 2020, the free movement of people and goods and services between the UK and the European Union (EU) ended. This meant the way HM Revenue & Customs (HMRC) had been collecting trade in goods statistics was revised.
UK to EU exports
For goods moving from 1 January 2021, GB (England, Scotland and Wales) to EU export statistics have been compiled directly from customs export declarations made according to the requirements of the Taxation (Cross Border Trade) Act. These declarations include the currency used on the invoice for the export. Intrastat survey returns, however, continued to be collected for goods exported from Northern Ireland (NI) to the EU, under the terms of the Northern Ireland Protocol.
From 1 January 2021, HMRC can report on the currencies used for UK exports to non-EU countries and GB exports to EU Member States. Data is not available on Northern Ireland (NI) exports to the EU, this is captured under ‘none declared.’
UK imports from EU
For goods moving from 1 January 2022, EU to GB import statistics have been compiled directly from customs import declarations made according to the requirements of the Taxation (Cross Border Trade) Act. These declarations include the currency used on the invoice for the export. Intrastat survey returns, however, continued to be collected for goods imported from the EU to Northern Ireland (NI), under the terms of the Northern Ireland Protocol.
From 1 January 2022, HMRC can report on the currencies used for UK imports from non-EU countries and GB imports from EU Member States. Data is not available on NI imports from the EU, this is captured under ‘none declared.’
Summary
2022 data are provisional estimates.
Percentages are rounded to the nearest decimal place.
Only data received through the administrative Customs data collection has currency of invoice declared.
Trade collected via Intrastat (NI Exports to EU) is included in ‘None Declared’ as currency is not collected.
‘None declared’ also includes trade reported through separate systems, such as parcel post and some mineral fuels.
Updates to the 2022 figures as published in the Overseas Trade in Goods Statistics (OTS) release on 13th April 2023 have not been applied to this release due to production lead in times.