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September 12, 2022UK TRADE BALANCE, JULY 2022
Month-over-month (July 2022 vs June 2022, seasonally adjusted )
The United Kingdom goods and services trade deficit narrowed by £3.6 billion to £7.8 billion. Exports of goods and services increased 4.2% (£2.4 billion) to £61.1 billion, and imports of goods and services decreased 1.6% (-£1.2 billion) to £68.8 billion.
The United Kingdom goods trade deficit narrowed by £3.5 billion to £19.4 billion. Exports of goods increased 7.2% (£2.2 billion) to £33.4 billion and imports of goods decreased 2.3% (-£1.2 billion) to £52.8 billion.
The United Kingdom services trade surplus widened by £0.1 billion to £11.6 billion. Exports of services increased 0.7% (£0.2 billion) to £27.7 billion and imports of services increased 0.6% (£0.09 billion) to £16.1 billion.
Year-over-year (July 2022 vs July 2021, seasonally adjusted )
The United Kingdom goods and services trade deficit widened by £2.8 billion. Goods trade deficit widened by £5.0 billion and services trade surplus widened by £2.1 billion.
UNITED KINGDOM TRADING PARTNERS
Month-over-month (July 2022 vs June 2022, seasonally adjusted )
The United Kingdom EU goods trade deficit narrowed by £1.4 billion to £9.2 billion. Exports of goods increased 7.9% (£1.3 billion) to £17.4 billion and imports of goods decreased 0.4% (-£0.1 billion) to £26.6 billion.
The United Kingdom non-EU goods trade deficit narrowed by £2.1 billion to £10.2 billion. Exports of goods increased 6.4% (£1.0 billion) to £16.0 billion and imports of goods decreased 4.1% (-£1.1 billion) to £26.2 billion.
Year-over-year (July 2022 vs July 2021, seasonally adjusted )
The United Kingdom EU goods trade deficit widened by £3.1 billion and non-EU goods trade deficit widened by £1.8 billion.
REFERENCE
Office for National Statistics, UK trade time series
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