UK Trade Deficit Narrows in February


The UK’s deficit on trade in goods and services was £2.4 billion in February, compared with a deficit of £3.9 billion in January, (originally published as a deficit of £3.0 billion).

The surplus on trade in services was estimated at £4.3 billion in February, compared with a surplus of £3.9 billion in January.

The deficit on trade in goods narrowed to £6.8 billion in February, compared with a deficit of £7.8 billion in January (originally published as a deficit of £7.1 billion). Exports rose by £0.3 billion but imports fell by £0.7 billion.

The deficit on trade in goods with EU countries increased to £3.9 billion in February, compared with a deficit of £3.6 billion in January. Exports fell by £0.6 billion and imports fell by £0.2 billion.

The deficit on trade in goods with non-EU countries was £2.8 billion in February, compared with a deficit of £4.2 billion in January. Exports rose by £0.9 billion but imports fell by £0.5 billion.

Excluding oil and erratic items, the volume of goods exports rose by 2.9 per cent but the volume of goods imports fell by 3.2 per cent, compared with January.

Both export and import prices of goods rose by 0.2 per cent, compared with January.


TradingEconomics.com, UK Office for National Statistics
4/12/2011 10:09:56 AM