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Timetric: UK Balance of Trade in Oil

Geoff Riley

6th March 2011

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The UK economy is now a net importer of oil - a change from the many years of trade surpluses in oil seen from the late 1970s onwards as north sea production and exporting gained scale and momentum. The Timetric chart below tracks the monthly trade balance in oil and the one below it tracks the monthly value of oil exports and imports.

Monthly balance of trade in oil for the UK

Data from Timetric.

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UK Balance of Trade in Oil (£m, monthly) from Timetric

Exports and imports of oil - UK

Data from Timetric.

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United Kingdom from Timetric


Recent blog articles on the oil industry and oil prices can be found below

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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