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June 30, 2022UK CURRENT ACCOUNT, 2022Q1 
Quarter vs quarter (2022Q1 vs 2021Q4)
Compared to the previous quarter, the United Kingdom Office of National Statistics reported that the net current account deficit widened by £44.4 billion to £51.7 billion.
- net goods and service deficit widened by £27.3 billion to £33.4 billion
- net primary income changed from a surplus of £4.7 billion to a deficit of £12.4 billion
- net secondary income deficit widened by £0.005 billion to £5.8 billion
Exports of goods decreased 3.2% (£2.8 billion) and imports of goods increased 21.4% (£27.3 billion). As a result, net goods deficit widened by £30.1 billion to £68.6 billion.
Exports of services decreased 0.1% (£0.1 billion) and imports of services decreased 6.1% (£2.9 billion). As a result, net services surplus widened by £2.8 billion to £35.2 billion.
Source:
ONS Balance of Payments Q1 2022
Office for National Statistics | Data
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