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21.8 The geographical distribution of the UK’s film trade surplus The geographical distribution of the UK’s film trade surplus showed a similar pattern to that of exports, except that there was a trade deficit, amounting to 9% of the film trade balance, with ‘rest of the world’, as shown in Table 21.3. In the years 2008-2012, just over two fifths of the surplus came from the EU and, in contrast with some earlier years, the UK ran large film trade surpluses with the USA during the latest five-year period, which has led to the USA accounting for just over half of the UK’s film trade surplus in 2008-2012. Table 21.3 International transactions of the UK film industry by geographical area, average, 2008-2012 Chapter 21: The UK film economy – 231 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 i • For more on the UK and global film market see Chapter 14 (page 151) • For more on the performance of UK films internationally see Chapter 6 (page 60) • For more on inward investment in film production in the UK see Chapter 17 (page 178) • For more on public investment in film see Chapter 19 (page 204) • For more on economic estimates for all creative industries see https://www. gov.uk/government/publications/creative-industries-economic-estimatesjanuary 2014 Exports (£ million) Imports (£ million) Balance (£ million) % balance EU 652.4 233.2 419.2 43.9 Other Europe 108.4 42.0 66.4 7.0 USA 654.6 161.8 492.8 51.6 Asia 92.8 32.4 60.4 6.3 Rest of the world 92.6 176.4 -83.8 -8.8 Total 1,600.8 645.8 955.0 100.0 Source: Office for National Statistics Note: Figures may not sum to totals due to rounding.


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