Tuesday, October 13, 2009

UK trade balance in August 09

According to the ONS (Office of National Statistics), the UK’s deficit on trade in goods and services was £2.3 billion in August.

Compared with a revised deficit of £2.6 billion in July (originally £2.4 billion).

In Services, the surplus was £3.9 billion in August 2009, compared with the surplus of £3.8 billion in July 2009.

In goods
, the deficit was £6.2 billion in August 2009, compared with a revised deficit of £6.4 billion in July (originally £6.5 billion). Exports fell by £0.1 billion and imports fell by £0.3 billion.

UK-EU26:

The deficit with EU countries widened to £3.2 billion in August, compared with a deficit of £2.5 billion in July. Exports fell by £0.1 billion but imports rose by £0.5 billion.

UK-rest of the world (minus EU26)

The deficit with non-EU countries narrowed to £3.0 billion in August, compared with the deficit of £3.9 billion in July. Exports were unchanged from July, while imports fell by £0.8 billion.

Ie the deficit with the rest of the EU has risen while the deficit with the rest of the world has decreased in August compared with July.

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