UK trade - November 2024

16th January 2025

The value of goods imports decreased by £0.3 billion (0.6%) in November 2024, because imports from the EU fell while imports from non-EU countries remained stable.

The value of goods exports rose by £0.2 billion (0.8%) in November 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 widened by £3.8 billion to £10.8 billion in the three months to November 2024, because of a larger fall in exports than imports.

The trade in goods deficit widened by £1.8 billion to £54.1 billion in the three months to November 2024, while the trade in services surplus is estimated to have narrowed by around £1.9 billion to £43.3 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 £0.3 billion (0.6%) in November 2024. Imports from the EU decreased by £0.3 billion (1.2%), while imports from non-EU countries remained stable (Table 1 and Figure 1).

Total exports of goods increased by £0.2 billion (0.8%) in November 2024, as a £0.4 billion (3.0%) rise in exports to non-EU countries was partially offset by a £0.2 billion (1.3%) fall in exports to the EU.

Imports from the EU were £4.1 billion higher than from non-EU countries in November 2024, while exports to the EU were £0.4 billion lower than to non-EU countries.

Read the full ONS report HERE