• The total UK trade deficit widened by £0.4 billion to £6.4 billion in the three months to February

Market news

11 April 2018

The total UK trade deficit widened by £0.4 billion to £6.4 billion in the three months to February

The total UK trade deficit (goods and services) widened by £0.4 billion to £6.4 billion in the three months to February 2018; excluding erratic commodities it widened by £1.0 billion to £7.5 billion.

The £0.4 billion widening of the total trade deficit was due mainly to a £2.1 billion fall in non-EU goods exports, partially offset by increases of £0.9 billion in EU goods and £0.4 billion in total services exports in the three months to February 2018.

Movements in goods exports were largely offset by imports, therefore there was little change in the goods deficit with EU or non-EU countries, which widened by £0.2 billion and narrowed by £0.1 billion respectively in the three months to February 2018.

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