UK Trade Deficit Widens in December


The UK’s seasonally adjusted deficit on trade in goods and services was £4.8 billion in December, compared with the deficit of £3.9 billion in November.

The seasonally adjusted deficit on trade in goods was £9.2 billion in December, compared with the deficit of £8.5 billion in November.

The seasonally adjusted surplus on trade in services was estimated at £4.4 billion in December, compared with the surplus of £4.5 billion in November.

Excluding oil and erratic items, the seasonally adjusted volume of exports was 1.3 per cent lower but the volume of imports was 1.4 per cent higher in December, compared with November. Export prices of goods rose by 1.1 per cent and import prices of goods rose by 1.5 per cent, compared with November.

Summary of first annual data for trade in goods in 2010

The UK’s deficit on trade in goods and services widened by £16.5 billion to £46.2 billion in 2010, compared with the deficit of £29.7 billion in 2009. The overall trade deficit included a surplus on trade in services of £51.0 billion in 2010, compared with a surplus of £52.7 billion in 2009.

The UK’s deficit on trade in goods widened by £14.8 billion to £97.2 billion in 2010, compared with the deficit of £82.4 billion in 2009. Total exports rose by 16.9 per cent, and total imports rose by 17.2 per cent.

The deficit on trade in goods with EU countries widened by £4.4 billion to £42.2 billion, compared with the deficit of £37.7 billion in 2009. The deficit with non-EU countries widened by £10.4 billion to £55.0 billion, compared with the deficit of £44.6 billion in 2009.


TradingEconomics.com, UK Office for National Statistics
2/9/2011 5:39:07 PM