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- The UK’s deficit on trade in goods and services increased in July
The UK’s deficit on trade in goods and services increased in July
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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