UK Trade DEficit Rises in November


The UK’s deficit on trade in goods and services was £4.1 billion in November, compared with a deficit of £4.0 billion in October (originally published as a deficit of £3.9 billion).

The surplus on trade in services was estimated at £4.6 billion in November, unchanged compared with October.

The deficit on trade in goods increased to £8.7 billion in November, compared with a deficit of £8.6 billion in October (originally published as a deficit of £8.5 billion). Exports rose by £0.9 billion and imports rose by £1.1 billion.

The deficit on trade in goods with EU countries widened to £3.7 billion in November, compared with a deficit of £3.5 billion in October. Exports rose by £0.2 billion and imports rose by £0.4 billion.

The deficit on trade in goods with non-EU countries was £5.0 billion in November, compared with a deficit of £5.1 billion in October. Exports rose by £0.8 billion and imports rose by £0.7 billion.

Excluding oil and erratic items, the volume of goods exports rose by 3.4 per cent and the volume of goods imports rose by 0.3 per cent, compared with October.

Export prices of goods fell by 0.2 per cent but import prices of goods remained unchanged, compared with October.


TradingEconomics.com, UK Office for National Statistics
1/12/2011 12:28:40 PM