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June 30, 2023UK CURRENT ACCOUNT, 2023Q1 
Quarter vs quarter (2023Q1 vs 2022Q4)
Compared to the previous quarter, the United Kingdom Office of National Statistics reported that the net current account deficit grew by £8.3 billion to £10.8 billion.
- net goods and service deficit grew by £6.4 billion to £13.2 billion
- net primary income surplus decreased by £3.2 billion to £6.6 billion
- net secondary income deficit decreased by £1.3 billion to £4.1 billion
Exports of goods decreased 13.8% (£15.9 billion) and imports of goods decreased 7.3% (£11.6 billion). As a result, net goods deficit grew by £4.3 billion to £49.6 billion.
Exports of services increased 0.8% (£0.9 billion) and imports of services increased 4.4% (£3.0 billion). As a result, net services surplus decreased by £2.1 billion to £36.4 billion.
Source:
ONS Balance of Payments Q1 2023
Office for National Statistics | Data
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