UK Trade Deficit Widened in February


The UK's deficit on trade in goods and services was £3.2 billion in February, compared with the deficit of £3.1 billion in January (originally published as a deficit of £3.6 billion).

The surplus on trade in services was £4.1 billion, compared with a surplus of £4.7 billion in January (originally published as a surplus of £4.2 billion).

The deficit on trade in goods was £7.3 billion, compared with the deficit of £7.8 billion in January (originally published as a deficit of £7.7 billion). Exports rose by £0.4 billion, and imports fell by
£0.1 billion.

The deficit with EU countries was £3.4 billion in February, compared with a deficit of £2.2 billion in January. Exports fell by £0.5 billion and imports rose by £0.6 billion. There was a fall in exports of capital goods. There were rises in imports of cars, chemicals, and oil.

The deficit with non-EU countries narrowed to £4.0 billion compared with the deficit of £5.6 billion in January. Exports rose by £1.0 billion while imports fell by £0.7 billion. There were rises in exports of chemicals, intermediate goods, and consumer goods other than cars. There were falls in imports of oil, fuels other than oil, and aircraft.

Excluding oil and erratic items, the volume of exports was four per cent higher and imports was two per cent higher in February than in January.

Export prices were virtually unchanged compared with January, and import prices were a half per cent higher.


TradingEconomics.com, UK National Statistics
4/9/2009 7:28:44 AM