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Timetric: UK Balance of Trade in Oil
6th March 2011
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
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty 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 conferences in the UK and overseas.