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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

October 10, 2017
UK TRADE BALANCE AUGUST 2017

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

In August 2017,

  • the UK deficit, in the seasonally adjusted goods and services balance of trade,  increased  by £1.4 billion to £5.6 billion from July 2017;
  • the main contributor to the increased deficit was the increase in imports of trade in goods and services.

 

In August 2017, goods exports increased £411 million to £28.2 billion while goods imports increased £1.827 billion to £42.4 billion. The resulting goods deficit increased to £14.2 billion.

In August 2017, services exports decreased £97 million to £22.0 billion but services imports decreased £123 million to £13.4 billion. The resulting services surplus increased to £8.6 billion.

 

 

Trade with Canada

 

In August 2017, goods exports with Canada increased £6.0 million to £418.0 million, but goods imports from Canada increased £327 million, to £1.3 billion. The resulting goods deficit with Canada increased to £903 million.

  

Trade with EU and nonEU Countries

In August 2017, goods exports with European Union countries (EU28) increased to £14.3 billion, and goods imports from EU28 countries increased more, to £22.7 billion. The resulting goods deficit with EU28 countries increased to £8.4 billion.

In August 2017, goods exports with nonEU countries increased to £13.9 billion, and goods imports with nonEU countries  increased more, to £19.7 billion. The resulting goods deficit with nonEU countries increased to £5.8 billion.

 

 

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

Time Series



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