United Kingdom Trade Deficit Narrows Slightly in August


In August, UK’s deficit on trade in goods and services was estimated to have been £3.3 billion, compared with a deficit of £3.4 billion in July. There was a deficit of £9.6 billion on goods, partly offset by an estimated surplus of £6.3 billion on services.

Shipments of goods increased by 1.1 percent on the month, to £25.1 billion, while imports for the same period fell 0.1 percent to £34.7 billion. Services exports were estimated to have been £16.4 billion and imports £10.1 billion.

Exports to countries within the EU increased by 0.7 percent to £38.8 billion in the three months to August 2013, whereas exports to countries outside the EU fell by 3.0 percent to £38.0 billion in the same period. By commodity, the decrease in exports in the three months to August 2013 were mainly in fuels and basic materials.

Imports from the EU reached a record high of £54.6 billion in the three months to August 2013. Imports from countries outside the EU decreased by 0.4 percent in the three months to August 2013. Imports from China increased by 6.3 percent in the latest three months and by 3.3 percent on the same three months in 2012.

United Kingdom Trade Deficit Narrows Slightly in August


ONS | Nuno Fontes | nuno@tradingeconomics.com
10/9/2013 9:49:54 AM