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- The total UK trade deficit narrowed by £2.1 billion to £6.2 billion in the three months to November
The total UK trade deficit narrowed by £2.1 billion to £6.2 billion in the three months to November
The total UK trade (goods and services) deficit narrowed by £2.1 billion to £6.2 billion in the three months to November 2017; excluding erratic commodities, the total deficit narrowed by £1.2 billion to £6.1 billion.
The £2.1 billion narrowing of the total trade deficit (goods and services) was due to a £1.2 billion narrowing of the trade in goods deficit; this was a result of increases in exports including works of art and cars, and a £0.9 billion widening of the trade in services surplus due to increases in exports.
The narrowing of the trade in goods deficit was due to a 5.3% (£2.3 billion) increase in exports to non-EU countries, partially offset by increases in imports, in the three months to November 2017.
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