• UK trade balance deficit increased in Spetember

Market news

9 November 2016

UK trade balance deficit increased in Spetember

Between Quarter 2 (April to June) 2016 and Quarter 3 (July to September) 2016, the total trade deficit for goods and services narrowed by £1.6 billion to £11.0 billion. There was a £4.5 billion (6.1%) increase in exports of goods and a £3.1 billion (2.8%) increase in imports of goods; these increases were partially offset by a £0.1 (0.1%) billion decrease in exports of services and a £0.3 (0.7%) billion decrease in imports of services.

Between Quarter 2 2016 and Quarter 3 2016, the deficit on trade in goods narrowed by £1.5 billion to £33.2 billion. Exports increased by £4.5 billion (6.1%) and imports increased by £3.1 billion (2.8%).

Between Quarter 2 2016 and Quarter 3 2016, the UK's trade in goods deficit with the EU widened by £0.4 billion to £23.8 billion as imports increased more than export. Between Quarter 2 2016 and Quarter 3 2016, the UK's trade in goods deficit with countries outside the EU narrowed by £1.9 billion to £9.4 billion, attributed to an increase in exports (5.9%).

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