The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
July 13, 2023UK TRADE BALANCE, MAY 2023 
Month-over-month (May 2023 vs April 2023, seasonally adjusted )
The United Kingdom goods and services trade deficit widened by £4.1 billion to £6.6 billion. Exports of goods and services decreased 2.6% (£1.8 billion) to £68.4 billion and imports of goods and services increased 3.1% (£2.3 billion) to £75.0 billion.
The United Kingdom goods trade deficit widened by £4.1 billion to £18.7 billion. Exports of goods decreased 6.0% (£2.0 billion) to £31.8 billion and imports of goods increased 4.2% (£2.0 billion) to £50.5 billion.
The United Kingdom services trade surplus decreased slightly by 0.3% (£0.03 billion) to £12.1 billion. Exports of services increased 0.5% (£0.2 billion) to £36.6 billion and imports of services increased 0.9% (£0.2 billion) to £24.5 billion.
Year-over-year (May 2023 vs May 2022, seasonally adjusted )
The United Kingdom goods and services trade deficit narrowed by £3.9 billion. Goods trade deficit narrowed by £2.7 billion and services trade surplus widened by £1.2 billion.
UNITED KINGDOM TRADING PARTNERS
Month-over-month (May 2023 vs April 2023, seasonally adjusted )
The United Kingdom EU goods trade deficit widened by £2.0 billion to £12.0 billion. Exports of goods decreased by £1.2 billion to £14.8 billion and imports of goods increased by £0.7 billion to £26.8 billion.
The United Kingdom non-EU goods trade deficit widened by £2.1 billion to £6.8 billion. Exports of goods decreased 4.5% (£0.8 billion) to £17.0 billion and imports of goods increased 5.8% (£1.3 billion) to £23.8 billion.
Year-over-year (May 2023 vs May 2022, seasonally adjusted )
The United Kingdom-EU goods trade deficit widened by £1.0 billion and non-EU goods trade deficit narrowed by £3.7 billion.
REFERENCE
Office for National Statistics, Press release | UK trade time series
<--- Return to Archive
