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- UK trade deficit little changed in July
UK trade deficit little changed in July
Between the 3 months to April 2017 and the 3 months to July 2017, the total UK trade (goods and services) deficit widened by £0.4 billion to £8.6 billion, due to a widening of the trade in goods deficit with non-EU countries, in turn primarily due to decreased exports and increased imports of finished manufactured goods.
Between the 3 months to April 2017 and the 3 months to July 2017, the trade in goods deficit with non-EU countries widened by £2.4 billion; this impact was partially offset by a narrowing of the trade in goods deficit with EU countries by £1.3 billion and a widening of the trade in services surplus by £0.7 billion.
Export and import prices of goods fell over the 3 months to July 2017 contributing to a more modest increase in trade in goods export and import values compared with a larger increase in goods export and import volumes.
The total trade deficit (goods and services) remained unchanged at £2.9 billion between June 2017 and July 2017.
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