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November 12, 2020UK TRADE BALANCE, SEPTEMBER 2020
UK TRADE BALANCE
Month-over-month (Sep 2020 vs Aug 2020, seasonally adjusted )
The United Kingdom Goods and services balance of trade surplus narrowed by £2.2 billion to £0.6 billion
- exports of goods and services increased 2.6% (£1.3 billion) to £49.8 billion
- imports of goods and services increased 7.7% (£3.5 billion) to £49.2 billion
The United Kingdom Goods balance of trade deficit widened by £2.5 billion to £9.3 billion
- exports of goods increased 3.3% (£0.9 billion) to £27.4 billion
- imports of goods increased 10.2% (£3.4 billion) to £36.7 billion
The United Kingdom Services balance of trade surplus widened by £0.3 billion to £10.0 billion
- exports of services increased 1.7% (£0.4 billion) to £22.4 billion
- imports of services increased 0.8% (£0.1 billion) to £12.4 billion
Year-over-year (Sep 2020 vs Sep 2019, seasonally adjusted )
The United Kingdom Goods and services balance of trade surplus changed from a deficit (£3.4 billion) to a surplus (£0.6 billion) and
- Goods balance of trade deficit narrowed by £2.0 billion and
- Services balance of trade surplus widened by £2.0 billion
TRADING PARTNERS
Month-over-month (Sep 2020 vs Aug 2020, seasonally adjusted )
The United Kingdom EU-UK Goods balance of trade deficit widened by £1.1 billion to £7.7 billion
- exports of goods increased 0.9% (£0.1 billion) to £11.6 billion
- imports of goods increased 6.5% (£1.2 billion) to £19.3 billion
The United Kingdom non-EU-UK Goods balance of trade deficit widened by £1.4 billion to £1.7 billion
- exports of goods increased 5.2% (£0.8 billion) to £15.7 billion
- imports of goods increased 14.6% (£2.2 billion) to £17.4 billion
Year-over-year (Sep 2020 vs Sep 2019, seasonally adjusted )
The United Kingdom
- EU-UK Goods balance of trade deficit narrowed by £0.6 billion and
- non-EU-UK Goods balance of trade deficit narrowed by £1.5 billion
GOODS TRADE BY SECTOR
Year-to-date (Jan-Sep 2020 ) Goods Trade by Sector
NET TRADE
The Total goods trade deficit narrowed by £48.9 billion to £66.3 billion
- Food deficit widened by £428 million to £18.2 million
- Beverages & tobacco deficit widened by £963 million to £1.1 billion
- Crude Materials deficit widened by £803 million to £3.5 billion
- Fuels deficit narrowed by £3.0 billion to £5.6 billion
- Animal/vegetable/oils & fats deficit widened by 6 million to £2.4 billion
- Chemicals changed from a deficit to a surplus 0f 2.4 billion
- Material manufactures deficit narrowed by £8.0 million to £11.9 billion
- Machinery & transport equip deficit narrowed by £11.7 billion to £20.9 billion
- Miscellaneous finished manufactures deficit narrowed by £2.6 billion to £15.6 billion
- Unspecified goods changed from a deficit to a surplus (£8.7 billion)
EXPORTS
Total Goods Exports decreased £35.6 billions to £236.1 billions.
- Machinery & transportation equipment decreased £21,967 millions to £85.4 billions.
- Chemicals decreased £1,550 millions to £40.8 billions.
- Miscellaneous finished manufactures decreased £8,413 millions to £32.9 billions.
- Material manufactures increased £1,013 millions to £25.7 billions.
- Fuels decreased £11,773 millions to £16.5 billions.
- Unspecified goods increased £9,836 millions to £13.3 billions.
- Food decreased £694 millions to £11.4 billions.
- Beverages & tobacco decreased £1,243 millions to £5.1 billions.
- Crude Materials decreased £822 millions to £4.7 billions.
- Animal/vegetable/oils & fats increased £13 millions to £.4 billions.
IMPORTS
Total Goods Imports decreased £84,492 millions to £302.4 billions.
- Machinery & transportation equipment decreased £33,650 millions to £106.4 billions.
- Miscellaneous finished manufactures decreased £11,055 millions to £48.4 billions.
- Chemicals decreased £6,005 millions to £38.4 billions.
- Material manufactures decreased £5,407 millions to £37.6 billions.
- Food decreased £1,122 millions to £29.6 billions.
- Fuels decreased £14,752 millions to £22.0 billions.
- Crude Materials decreased £19 millions to £8.2 billions.
- Beverages & tobacco decreased £280 millions to £6.3 billions.
- Unspecified goods decreased £12,221 millions to £4.6 billions.
- Animal/vegetable/oils & fats increased £19 millions to £1.1 billions.
Source: UK Office for National Statistics, Statistical Bulletin | Time Series | Time Series Explorer
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