U.K. Trade Deficit Widens in January


The UK’s deficit on seasonally adjusted trade in goods and services was £1.8 billion in January, compared with the deficit of £1.2 billion in December.

The deficit on seasonally adjusted trade in goods was £7.5 billion in January, compared with the deficit of £7.2 billion in December.

The surplus on seasonally adjusted trade in services was estimated at £5.8 billion in January, compared with the surplus of £6.0 billion in December.

Excluding oil and erratic items, the seasonally adjusted volume of exports was 2.2 per cent higher, and the volume of imports was 1.8 per cent higher in January, compared with December.

Export prices of goods rose by 0.8 per cent and import prices of goods rose by 0.9 per cent, compared with December.


TradingEconomics.com, UK Office for National Statistics
3/13/2012 7:25:03 PM