Uk Trade - October 2023

13th December 2023

The value of goods imports increased by £3.6 billion (8.2%) in October 2023, with rises in imports from both EU and non-EU countries.

The rise in imports was mainly the result of greater imports of machinery and transport equipment from both EU and non-EU countries.

The value of goods exports increased by £0.4 billion (1.2%) because of increased exports to non-EU countries, while exports to the EU decreased.

The total trade in goods and services deficit narrowed by £2.3 billion to £9.2 billion in the three months to October 2023, the result of a substantial fall in goods imports.

The trade in goods deficit narrowed by £2.1 billion to £47.3 billion in the three months to October 2023, while the trade in services surplus widened by £0.2 billion to £38.1 billion.

Read the full ONS report HERE