UK Trade Deficit Widens in May


The UK’s seasonally adjusted deficit on trade in goods and services was £4.1 billion in May, compared with the deficit of £3.1 billion in April.

The seasonally adjusted deficit on trade in goods was £8.5 billion in May, compared with the deficit of £7.6 billion in April.

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

Excluding oil and erratic items, the seasonally adjusted volume of exports was 1.9 per cent higher and the volume of imports was 6.0 per cent higher in May, compared with April. Export prices of goods fell by 1.7 per cent and import prices of goods fell by 0.4 per cent, compared with April.

In May, the UK’s deficit on trade in goods widened by £0.8 billion to £8.5 billion, compared with the deficit of £7.6 billion in April.

Total exports rose by £1.0 billion (4.2 per cent) to £25.4 billion, and total imports rose by £1.8 billion (5.8 per cent) to £33.8 billion.


TradingEconomics.com, UK Office for National Statistics
7/12/2011 5:21:34 PM