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April 11, 2022UK TRADE BALANCE, FEBRUARY 2022
Month-over-month (Feb 2022 vs. Jan 2022, seasonally adjusted)
The United Kingdom goods and services trade deficit narrowed by £3.6 billion to £9.3 billion. Exports of goods and services increased 4.4% (£2.4 billion) to £56.0 billion, imports of goods and services decreased 1.8% (£1.2 billion) to £65.2 billion.
The United Kingdom goods trade deficit narrowed by £3.3 billion to £20.6 billion. Exports of goods increased 7.8% (£2.1 billion) to £28.6 billion, and imports of goods decreased 2.5% (£1.2 billion) to £49.2 billion.
The United Kingdom services trade surplus widened by £0.3 billion to £11.3 billion. Exports of services increased 1.2% (£0.3 billion) to £27.4 billion, and imports of services increased 0.3% (£0.04 billion) to £16.1 billion.
Year-over-year (Feb 2022 vs. Feb 2021, seasonally adjusted)
The United Kingdom goods and services trade deficit widened by £7.1 billion. Export goods trade deficit widened by £7.5 billion and services trade surplus widened by £0.4 billion.
UNITED KINGDOM TRADING PARTNERS
Month-over-month (Feb 2022 vs. Jan 2022, seasonally adjusted)
The United Kingdom EU goods trade deficit narrowed by £3.8 billion to £8.4 billion. Exports of goods increased 25.4% (£3.0 billion) to £14.8 billion, and imports of goods decreased 3.3% (£0.8 billion) to £23.3 billion.
The United Kingdom non-EU goods trade deficit widened by £0.5 billion to £12.1 billion. Exports of goods decreased 6.4% (£0.9 billion) to £13.7 billion, and imports of goods decreased 1.7% (£0.4 billion) to £25.9 billion.
Year-over-year (Feb 2022 vs. Feb 2021, seasonally adjusted)
The United Kingdom/ European Union goods trade deficit widened by £3.5 billion, and non-European Union goods trade deficit widened by £4.0 billion.
REFERENCE
Office for National Statistics, News release | Statistical Bulletin Time Series
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