Economic Buzz: UK Exports Rise 6.7% In July

12 Sep 2022 , 04:14 PM

Total imports of goods in UK decreased by ?0.5 billion (0.9%) in July 2022 because of a ?0.4 billion (1.5%) fall in imports from non-EU countries, while imports from EU countries decreased by ?0.1 billion (0.3%). Total exports of goods increased by ?2.1 billion (6.7%) in July 2022, driven by a ?1.3 billion (7.9%) increase in exports to EU countries, while exports to non-EU countries increased by ?0.8 billion (5.4%). The total trade in goods and services deficit widened by ?1.2 billion to ?27.0 billion in the three months to July 2022 compared with the three months to April 2022. Removing the effect of inflation, the total trade deficit narrowed by ?2.0 billion to ?20.8 billion in the three months to July 2022.Powered by Commodity Insights