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January 10, 2020UK TRADE BALANCE, OCTOBER 2019 UK import and export trade is a main contributor to the overall economic growth of the UK.
Month-over-month
In October 2019, the UK seasonally adjusted goods & services trade deficit widened by £3.3 billion to £5.2 billion over Sep 2019. Goods & services Exports increased 0.8% (£0.5 billion) to £58.9 billion. Goods & services Imports increased 6.2% (£3.8 billion) to £64.1 billion
In October 2019, the UK seasonally adjusted Goods Exports increased 1.8% (£0.6 billion) to £31.6 billion. Goods Imports increased 8.3% (£3.52 billion) to £46.1 billion. The resulting Goods BO deficit widened by £3.0 billion to £14.5 billion over Sep 2019
In October 2019, the UK seasonally adjusted Services Exports decreased0.2% (£0.1 billion) to £27.3 billion. Services Imports increased 1.3% (£0.2 billion) to £18.0 billion. The resulting Services BOT surplus narrowed by £0.3 billion to £9.3 billion over Sep 2019.
UK International Trade EU and Non-EU
In October 2019, United Kingdom goods exports with non-European Union countries decreased 1.5% (£0.25 billion) to £16.6 billion, while goods imports from non-EU28 countries increased 12.7% (£2.53 billion) to £22.4 billion. The resulting goods deficit widened by 94.1% (£2.78 billion) to £5.7 billion.
In October 2019, United Kingdom goods exports to the European Union (EU28) increased 5.7% (£0.81 billion) to £15.0 billion, while goods imports from the European Union increased 4.4% (£0.99 billion) to £23.8 billion. The resulting goods deficit widened by 2.2% (£0.19 billion) to £8.8 billion.
Source: UK Office for National Statistics, Statistical Bulletin | Time Series | Time Series Explorer
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