UK Trade Deficit Increases to £3.9bn in October


The UK’s deficit on trade in goods and services was £3.9 billion in October, compared with a deficit of £3.8 billion in September (originally published as a deficit of £4.6 billion).

The surplus on trade in services was £4.6 billion in October, unchanged compared with September.

The deficit on trade in goods increased to £8.5 billion in October, compared with a deficit of £8.4 billion in September (originally published as a deficit of £8.2 billion). Exports rose by £0.9 billion and imports rose by £1.1 billion.

The deficit with EU countries narrowed to £3.5 billion in October, compared with a deficit of £3.8 billion in September. Exports rose by £1.4 billion and imports rose by £1.1 billion.

The deficit with non-EU countries was £5.0 billion in October, compared with a deficit of £4.5 billion in September. Exports fell by £0.5 billion and imports fell by less than £0.1 billion.

Excluding oil and erratic items, the volume of exports fell by 0.5 per cent but the volume of imports rose by 4.5 per cent, compared with September.

Both export and import prices rose by 1.7 per cent, compared with September.


TradingEconomics.com, UK Office for National Statistics
12/9/2010 1:40:34 PM