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For additional information relating to this article, please contact:

Thomas Storring Director of Economics/Statistics
Tel: 902-424-2410Email: Thomas.Storring@novascotia.ca

August 10, 2017
UK TRADE BALANCE JUNE 2017

UK import and export trade is a main contributor to the overall economic growth of the UK.

In June 2017,

  • the UK deficit, in the seasonally adjusted goods and services balance of trade,  increased  by £2.0 billion to £4.6 billion from May 2017;
  • the main contributor to the increased deficit was the increase in imports of trade in goods and services.

  

In June 2017, goods exports declined £792 million to £27.5 billion while goods imports increased £624 million to £40.2 billion. The resulting goods deficit increased to £12.7 billion.

In June 2017, services exports increased £454 million to £21.9 billion but services imports increased £1.086 billion to £13.7 billion. The resulting services surplus declined to £8.2 billion.

 

In June 2017, goods exports with European Union countries (EU28) increased to £14.0 billion, but goods imports from EU28 countries increased more, to £22.3 billion. The resulting goods deficit with EU28 countries increased to £8.3 billion.

In June 2017, goods imports with nonEU countries declined to £17.9 billion, but goods exports with nonEU countries  decreased more, to £13.4 billion. The resulting goods deficit with nonEU countries increased to £4.5 billion.

 

 

Source: UK Office for National Statistics, Statistical Bulletin  |   Short term Indicators

Time Series



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