Economic Buzz: UK Trade Deficit Widens In Three Months To April 2022

13 Jun 2022 , 02:48 PM

Total imports of goods in UK increased by ?0.4 billion (0.7%) in April 2022 compared with March 2022, because of a ?1.1 billion (4.2%) rise in imports from EU countries – while imports from non-EU countries fell by ?0.7 billion (2.6%). Total exports of goods increased by ?2.2 billion (7.4%) in April 2022 compared with March 2022, driven by a ?1.2 billion (8.1%) increase in exports to EU countries – while exports to non-EU countries increased by ?0.9 billion (6.5%). The total trade in goods and services deficit, excluding precious metals, widened by ?7.1 billion to ?24.3 billion in the three months to April 2022 compared with the three months to January 2022.Powered by Commodity Insights