UK Trade Deficit narrowed to £4.1bn in August


The UK’s deficit on trade in goods and services was £4.1 billion in August, compared with a revised deficit of £4.6 billion in July (previously published as £4.4 billion).

The surplus on trade in services was £2.7 billion, compared with a surplus of £2.8 billion in July.

The deficit on trade in goods was £6.9 billion, compared with a revised deficit of £7.4 billion in July (previously published as £7.1 billion). Exports rose by £0.1 billion and imports fell by £0.5 billion.

The deficit with the enlarged EU (27 countries including Bulgaria and Romania) was little changed from that in July at £3.0 billion. Exports and imports were both virtually unchanged. There were increases in exports of chemicals, and cars, but exports of oil were lower. There was a rise in imports of consumer goods other than cars.

The deficit with non-EU countries narrowed to £3.9 billion compared with the deficit of £4.4 billion in July. Exports rose by £0.1 billion and imports fell by £0.4 billion. A rise in exports of intermediate goods was partly offset by a fall in exports of oil. There was a fall in imports of consumer goods other than cars.

Excluding oil and erratic items, the volume of exports was three and a half per cent higher in August than in July and the volume of imports was two per cent lower.


Office for National Statistics
10/9/2007 6:13:47 AM