Trade Deficit Of £4.9bn In July

The total trade balance for the UK in July showed a deficit of £4.9bn compared with £3.9bn in June. Trade in goods deficit was £8.7bn and the trade in services surplus was £3.8bn compared with £7.5bn and £3.6bn in June respectively.

The volume of exports was 0.3% lower and the volume of imports was 2.5% higher in July compared with June of this year (excluding oil and erratic items).

The deficit of £8.7bn in trade in goods was shared between the EU with a defeicit of £3.9bn and the rest of the world with a deficit of £4.8bn.