UK trade shows import and export activity and is a main contributor to the overall economic growth of the UK. This is the first release of UK trade covering a complete calendar month of data post EU referendum.
All data are shown on a seasonally adjusted, balance of payments basis, at current prices unless otherwise stated.
The UK’s deficit on trade in goods and services was estimated to have been £4.5 billion in July 2016, a narrowing of £1.1 billion from June 2016. Exports increased by £0.8 billion and imports decreased by £0.3 billion.
The deficit on trade in goods was £11.8 billion in July 2016, narrowing by £1.2 billion from June 2016. This narrowing reflected an increase in exports of £0.8 billion to £24.8 billion and a decrease in imports of £0.3 billion to £36.6 billion.
Between the 3 months to April 2016 and the 3 months to July 2016, the total trade deficit for goods and services widened by £5.1 billion to £14.0 billion.
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