The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
June 28, 2024UK TRADE BALANCE, APRIL 2024 
Month-over-month (April 2024 vs March 2024, seasonally adjusted)
The United Kingdom (UK) goods and services trade deficit widened by £5.7 billion to £6.8 billion. Exports of goods and services decreased 0.7% (£0.5 billion) to £70.1 billion while imports of goods and services were up 7.2% (£5.2 billion) to £76.9 billion.
The UK goods trade deficit widened by £5.6 billion to £19.6 billion. Exports of goods from the UK decreased 2.4% (£0.7 billion) to £29.9 billion. Imports of goods to the UK grew 11.0% (£4.9 billion) to £49.5 billion. The UK services trade surplus was little changed at £12.9 billion. Exports of services from the UK increased 0.6% (£0.2 billion) to £40.2 billion while imports of services to the UK increased 0.9% (£0.2 billion) to £27.3 billion.
The UK goods trade deficit with the European Union (EU) widened by £2.2 billion to £12.3 billion. Exports of goods from the UK to the EU decreased by 0.9% (£0.1 billion) to £14.6 billion while imports of goods from the EU to the UK increased by 8.1% (£2.0 billion) to £26.9 billion. The UK trade deficit with countries outside the EU also increased, widening by £3.5 billion to £7.3 billion. Exports from the UK to countries outside the EU were down 3.7% (£0.6 billion) while imports to the UK from non-EU countries rose 14.7% (£2.9 billion) to £22.6 billion.
Year-over-year (April 2024 vs April 2023)
The UK goods and services trade deficit widened by £5.2 billion. The goods deficit expanded by £4.9 billion while the services deficit expanded by £0.2 billion. Goods exports were down 10.8% year-over-year (-£3.6 billion) while goods imports were up 2.7% (+£1.3 billion). Services exports were up 2.9% (+£1.1 billion) while services imports were up 5.3% (+£1.4 billion).
Compared with April 2023, the UK goods trade deficit with the EU widened by £2.3 billion (exports -8.0% or -£1.3 billion, imports +3.9% or +£1.0 billion). The UK goods trade deficit with non EU countries expanded by £2.6 billion (exports -13.4% or -£2.4 billion, imports +1.3% or +£0.3 billion).
Source: UK Office for National Statistics: Press release | UK trade time series
<--- Return to Archive
