UK Trade Deficit Widens in June


The UK’s deficit on trade in goods and services was £4.5 billion in June, compared with a deficit of £4.0 billion in May, (originally published as a deficit of £4.1 billion).

The surplus on trade in services was estimated at £4.4 billion in June, unchanged from May.

The deficit on trade in goods widened to £8.9 billion in June, compared with a deficit of £8.5 billion in May. Exports fell by £1.2 billion and imports fell by £0.8 billion.

The deficit on trade in goods with EU countries narrowed to £3.2 billion in June, compared with a deficit of £3.4 billion in May. Exports fell by £0.6 billion and imports fell by £0.9 billion.

The deficit on trade in goods with non-EU countries widened to £5.7 billion in June, compared with a deficit of £5.1 billion in May. Exports fell by £0.6 billion but imports rose by £0.1 billion.

Excluding oil and erratic items, the volume of goods exports fell by 2.7 per cent and the volume of goods imports fell by 5.8 per cent, compared with May.

Export prices of goods rose by 0.6 per cent and import prices of goods rose by 0.7 per cent, compared with May.


TradingEconomics.com, UK Office for National Statistics
8/9/2011 12:56:52 PM