iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Economic Buzz: UK Trade Deficit Narrows By 1.3 Billion Pounds In Q3

11 Nov 2022 , 03:02 PM

According to the data released by Office for National Statistics, total imports of goods in UK decreased by ?2.8 billion (5.0%) in September 2022, with imports from EU countries decreasing by ?1.9 billion (7.3%) and imports from non-EU countries falling by ?0.9 billion (3.0%). The decrease in imports from non-EU countries was primarily driven by a ?1.3 billion decrease in fuel imports, linked to falling gas imports from Norway and falling oil prices during September. Total exports of goods decreased by ?1.6 billion (4.7%) in September 2022, with exports to EU countries falling by ?0.9 billion (5.1%) and exports to non-EU countries decreasing by ?0.7 billion (4.2%). The total trade in goods and services deficit narrowed by ?1.3 billion to ?23.7 billion in Quarter 3 (July to Sept) 2022, but has remained relatively unchanged over the past three quarters. Removing the effect of inflation, total imports and exports of services remained at similar levels to August 2022. Removing the effect of inflation, the total trade deficit, excluding precious metals, narrowed by ?8.1 billion to ?8.7 billion in Quarter 3 2022.Powered by Commodity Insights

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.