Trade for the UK has shown great import and export activity and is a main contributor to the overall economic growth of the UK. All data are shown on a seasonally adjusted, balance of payments basis, at current prices unless otherwise stated.

The UK’s deficit on trade in goods and services was estimated to have been £3.3 billion in April 2016, a narrowing of £0.2 billion from March 2016. Both exports and imports increased and the narrowing of the deficit reflects a greater increase in exports than imports.

The deficit on trade in goods was £10.5 billion in April 2016; narrowing by £0.1 billion from March 2016. This narrowing reflected an increase in exports (up £2.2 billion to £26.1 billion) and an increase in imports (up £2.0 billion to £36.6 billion).

Between the 3 months to January 2016 and the 3 months to April 2016, the total trade deficit for goods and services narrowed by £2.1 billion to £11.3 billion.

The deficit on trade in goods narrowed by £1.5 billion to a deficit of £32.6 billion between the 3 months to January 2016 and the 3 months to April 2016. Exports increased by £4.4 billion (6.4%) and imports increased by £2.9 billion (2.9%).

In the 3 months to April 2016, the UK’s trade in goods deficit with the EU widened by £0.6 billion, to a record 3 monthly deficit of £23.8 billion. In the 3 months to April 2016, exports of goods to the EU increased by £2.1 billion and imports of goods from the EU increased by £2.7 billion, to a record 3 monthly level of £58.6 billion.

Between the 3 months to January 2016 and the 3 months to April 2016, the trade in services surplus widened by £0.6 billion to £21.3 billion, reflecting a fall in imports of services.

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For more information please contact Stephanie Warrington on 01254 356473 or [email protected]