UK Trade - February 2024 - Imports Down Exports Up

12th April 2024

The value of goods imports decreased by £0.2 billion (0.4%) in February 2024, because of falls in fuel and chemical imports from non-EU countries.

The value of goods exports increased by £0.3 billion (0.9%) in February 2024, with a rise in exports to non-EU countries partially offset by a fall in exports to the EU.

The total goods and services trade deficit narrowed by £2.0 billion to a deficit of £9.9 billion in the three months to February 2024, and has been steadily improving since Quarter 1 (Jan to Mar) 2022.

The trade in goods deficit narrowed by £3.5 billion to £45.6 billion in the three months to February 2024, and the trade in services surplus is also estimated to have narrowed by £1.6 billion to £35.7 billion.

Read the full report HERE