Another Month, Another Trade Deficit. July’s was £2.4 Billion

According to today’s figures from Office for National Statistics:

• The UK’s deficit on trade in goods and services was £2.4 billion in July, unchanged from June (originally published as a deficit of £2.2 billion).
• The surplus on trade in services was £4.0 billion, compared with a £4.1 billion surplus in June.
• The deficit on trade in goods was £6.5 billion, unchanged from June. Exports and imports each rose by £0.9 billion.
• The deficit with EU countries narrowed to £2.6 billion in July, compared with a deficit of £2.8 billion in June. Exports rose by £0.7 billion and imports rose by £0.4 billion.
• The deficit with non-EU countries widened to £3.9 billion in July, compared with the deficit of £3.7 billion in June. Exports rose by £0.3 billion and imports rose by £0.5 billion. There was a rise in exports of chemicals. There were rises in imports of oil and aircraft.

Downloadable PDFs: Briefing Note – Statistical Bulletin.

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