UK Deficit on trade widened to £4.4 bn in July


The UK's deficit on trade in goods and services was £4.4 billion in July, compared with a revised deficit of £3.9 billion in June (previously published as £3.6 billion).

The surplus on trade in services was £2.6 billion, the same as in June.

The deficit on trade in goods was £7.1 billion, compared with a revised deficit of £6.5 billion in June (previously published as £6.3 billion). Exports rose by £0.5 billion and imports rose by £1.0 billion.

The deficit with the enlarged EU (27 countries including Bulgaria and Romania) narrowed to £2.6 billion compared with the deficit of £3.1 billion in June. Exports rose by £1.0 billion and imports rose by £0.4 billion. There were increases in exports of intermediate goods, capital goods, chemicals, and oil. There were rises in imports of chemicals and cars.

The deficit with non-EU countries widened to £4.5 billion compared with the deficit of £3.4 billion in June. Exports fell by £0.5 billion and imports rose by £0.6 billion. There were falls in exports of intermediate goods, oil, and chemicals. There were rises in imports of oil, and consumer goods other than cars.

Excluding oil and erratic items, the volumes of both exports and imports were four per cent higher in July than in June.


National Statistical Agency
9/11/2007 5:56:07 AM