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Chapter 21: The UK film economy – 229 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 21.5 The film trade balance, 1995-2012 The film industry has made a continuous positive contribution to the UK balance of payments since 1995, as Figure 21.9 shows. The trade surplus (positive balance of exports over imports) in 2012 was £789 million. Figure 21.9 Trade surplus of UK film industry, 1995-2012 £ million 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Balance 106 236 125 144 278 87 245 186 95 91 163 128 231 495 929 1,564 1,000 789 Source: Office for National Statistics Note: ‘Trade surplus’ equals exports minus imports. Where a company (eg the UK subsidiary of a US major) receives income from another country on behalf of its parent company and subsequently passes it on to its parent company, this is recorded both as a receipt and a payment, leaving the measure of the trade surplus unaffected. 21.6 Film export markets Figure 21.10 shows the geographic distribution of UK film exports for the years 2008-2012. The leading export destinations were the USA and the European Union (EU), both of which accounted for 41% of the film export market. However, Europe as a whole is a bigger market than the USA, and accounts for 48% of all UK film exports. Asia and ‘rest of the world’ both took 6% of the total. Figure 21.10 Destination of UK film exports as percentage of the total, 2008-2012 % EU 40.8 Other Europe 6.8 USA 40.9 Asia 5.8 Rest of the world 5.8 Source: Office for National Statistics Note: ‘Rest of the world’ cannot be disaggregated due to sampling variation and disclosive data.


BFI StatisticalYearBook_2014
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