The UK’s trade in goods and services deficit widened by £3.0 billion to £9.5 billion in September figures as imports continue to increase according to figures released by the Office of National Statistics.
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The increase was largely due to an increase in imports of goods, primarily due to increased imports of machinery, unspecified goods and fuels, and was partially offset by a decrease in imports of aircraft.
Imports of goods from both EU and non-EU countries increased between the three months to June 2017 and the three months to September 2017; exports to EU countries increased by £0.9 billion, while exports to non-EU countries fell by £1.7 billion in the same period.
The UK’s total trade deficit narrowed by £0.7 billion between August and September 2017; this was primarily due to increased exports of unspecified goods
The UK’s total trade deficit (goods and services) excluding erratic commodities narrowed by £0.1 billion to £3.8 billion between August 2017 and September 2017; mainly due to an increase in goods exports excluding erratic commodities.
