UK Trade - April 2024

12th June 2024

The value of goods imports increased by £3.7 billion (8.2%) in April 2024, because of increases in imports of machinery and transport equipment and fuels.

The value of goods exports remained stable in April 2024, with a fall in exports to the EU offset by a rise in exports to non-EU countries.

The total goods and services trade deficit narrowed slightly by £0.3 billion to £10.1 billion in the three months to April 2024, and has been relatively stable over the last year.

The trade in goods deficit widened by £1.6 billion to £48.5 billion in the three months to April 2024, while the trade in services surplus is estimated to have widened by £1.8 billion to £38.4 billion.

Total imports of goods in "current prices", which are not adjusted for inflation (explained in Section 9: Glossary), increased by £3.7 billion (8.2%) in April 2024. Imports from non-EU countries rose by £1.9 billion (9.5%), and imports from the EU increased by £1.8 billion (7.2%) (Table 1 and Figure 1).

Total exports of goods remained stable in April 2024, as exports to the EU decreased slightly by £0.1 billion (0.8%), offset by exports to the EU which increased slightly by £0.1 billion (0.9%).

Imports from the EU were £5.1 billion higher than from non-EU countries in April 2024, while exports to the EU were £0.7 billion lower than exports to non-EU countries.

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