UK trade in agricultural engineering first half 2013
Provisional data from HM Revenue & Customs for the half year for agricultural engineering products shows the value of exports at £903 million against imports of £940 million, giving a trade deficit of £37 million.
Provisional data from HM Revenue & Customs for the half year for agricultural engineering products shows the value of exports at £903 million against imports of £940 million, giving a trade deficit of £37 million.
These figures reflect an increase in exports of some 8.9% overall; within the total, agricultural tractors were up 11.8%, mainstream agricultural machinery down 3.4% and engines down by 4.9%. Used tractors and other machinery were up more than a quarter.
Imports of farm machinery decreased by 13.7% and agricultural tractor imports by 20.3% whilst those of engines for tractors were up by 8.7%, resulting in an overall fall for agricultural engineering of some 12.9%.
|
Jan-June 2012 (£m) |
Jan-June 2013 (£m) |
% change 13/12 |
|
| Exports |
|
|
|
| Agricultural Engineering total |
829.2 |
903.1 |
8.9 |
| Of which: tractors |
441.2 |
493.1 |
11.8 |
| Imports |
|
|
|
| Agricultural Engineering total |
1079.5 |
940.3 |
-12.9 |
| Of which: tractors |
366.4 |
292.1 |
-20.3 |
| Balance |
|
|
|
| Agricultural Engineering total |
-250.3 |
-37.2 |
(85.1) |
| Of which: tractors |
74.8 |
201.0 |
168.7 |
Agricultural engineering exports by region
The data for the first half of the year showed that some 66% of UK agricultural machinery exports and 53% of exports of tractors by value went to the EU-27.
On a value basis, North America took 28% of tractor exports (£136 million), Asia took some 7% (£33 million) and non-EU Europe 5% (£24 million). Compared with the previous year the EU saw a marginal increase (2%) to £258 million.
Some 10% of machinery exports (£27 million) were to non-EU Europe, 6% each (£17 million) to Asia & North America, and 4% (£12 million) to Africa. The EU took 9% more farm machinery in value from the UK than in the same period of the previous year, bringing the total to £187 million, but all other regions took less apart from the Middle East (up by 22% to £7 million) and Australasia (up by 6% to £9 million).
Exports by country
Analysis of the trade by country shows that exports of tractors and agricultural machinery were made from the UK to 145 destinations across the world in the first half of 2013 with the USA regaining the number one spot that was occupied temporarily by France last year, taking some 19.3% of the total. France was in second place (14.7%), Germany retained third position (9.9%) and was followed again by the Irish Republic (8.9%).
Top 10 UK Tractor & Agricultural Machinery export markets – Jan-June
|
Jan-June 2012 (£m) |
Jan-June 2013 (£m) |
% of total |
% change 13/12 |
|
| USA |
83.4 |
149.0 |
19.3 |
79 |
| France |
88.3 |
113.2 |
14.7 |
28 |
| Germany |
70.6 |
76.8 |
9.9 |
9 |
| Irish Republic |
65.6 |
68.4 |
8.9 |
4 |
| Belgium |
31.3 |
31.9 |
4.1 |
2 |
| Sweden |
23.6 |
24.0 |
3.1 |
2 |
| Poland |
30.5 |
21.8 |
2.8 |
-29 |
| Italy |
25.5 |
20.8 |
2.7 |
-18 |
| Denmark |
13.8 |
20.2 |
2.6 |
47 |
| Japan |
18.2 |
18.4 |
2.4 |
1 |
Source: AEA calculations based on HMRC data
