Uk Trade - August 2024

11th October 2024

The value of goods imports decreased by £0.1 billion (0.2%) in August 2024, with EU imports falling and non-EU imports rising.

The value of goods exports rose by £2.9 billion (10.2%) in August 2024; exports to both EU and non-EU countries increased, after a large fall the previous month.

The total goods and services trade deficit widened by £3.0 billion to a deficit of £10.0 billion in the three months to August 2024, because of increased imports of goods.

The trade in goods deficit widened by £2.6 billion to £52.4 billion in the three months to August 2024, while the trade in services surplus is estimated to have narrowed by £0.4 billion to £42.4 billion.

Monthly trade in goods
The value of total imports of goods in "current prices", which are not adjusted for inflation (as explained in Section 9: Glossary), fell by £0.1 billion (0.2%) in August 2024. Imports from the EU decreased by £0.4 billion (1.7%), while imports from non-EU countries increased by £0.3 billion (1.6%) (Table 1 and Figure 1).

Total exports of goods rose by £2.9 billion (10.2%) in August 2024, following a decrease in the previous month. Exports to non-EU countries increased by £1.5 billion (10.4%) and exports to the EU increased by £1.4 billion (10.1%).

Imports from the EU were £3.5 billion higher than from non-EU countries in August 2024, while exports to the EU were £1.0 billion lower than exports to non-EU countries.

Read the full ONS report HERE