Market news
09.03.2018, 10:30

UK trade deficit widened by £3.4 billion to £8.7 billion in the three months to January

The total UK trade (goods and services) deficit widened by £3.4 billion to £8.7 billion in the three months to January 2018; excluding erratic commodities, the deficit widened by £2.6 billion to £8.9 billion.

The £3.4 billion widening of the total trade (goods and services) deficit was due to a £3.2 billion widening of the trade in goods deficit and a £0.2 billion narrowing of the trade in services surplus.

The widening of the trade in goods deficit was due mainly to a £1.3 billion increase in imports (particularly fuels) from non-EU countries, combined with a £1.2 billion decrease in exports (including fuels) to non-EU countries, in the three months to January 2018.

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