UK Trade Deficit Widens in March


The UK’s seasonally adjusted deficit on trade in goods and services was £3.0 billion in March, compared with the deficit of £2.7 billion in February.

Excluding oil and erratic items, the seasonally adjusted volume of exports was 3.4 per cent lower and the volume of imports was 0.4 per cent lower in March, compared with February. Export prices of goods rose by 1.1 per cent and import prices of goods rose by 1.8 per cent, compared with February.

Total exports fell by £0.1 billion (0.5 per cent) to £24.9 billion, but total imports rose by £0.5 billion (1.7 per cent) to £32.6 billion.

In March, the deficit on trade in goods with EU countries narrowed by £1.0 billion to £3.2 billion, compared with the deficit of £4.2 billion in February. EU exports rose by £1.2 billion (9.7 per cent) to £13.6 billion, and EU imports rose by £0.2 billion (1.0 per cent) to £16.8 billion.


TradingEconomics.com, UK Office for National Statistics
5/11/2011 11:52:38 AM