UK Trade, July 2014

10th September 2014

UK Trade shows the extent of import and export activity and is a key contributor to the overall economic growth of the UK.
Seasonally adjusted, the UK's deficit on trade in goods and services was estimated to have been £3.3 billion in July 2014, compared with £2.5 billion in June 2014.

In July 2014 there was a deficit of £10.2 billion on goods partly offset by an estimated surplus of £6.8 billion on services. The trade in goods deficit widened by £0.8 billion compared with June 2014.

Between June 2014 and July 2014, exports of goods increased by £0.5 billion to £24.0 billion. Over the same period, imports of goods increased by £1.3 billion to £34.2 billion reflecting increases in imports of fuels and chemicals.

Trade in goods with non-EU countries accounted for the majority of the increase in exports and imports in July 2014; exports increased by £0.5 billion and imports increased by £1.0 billion. Exports of goods to countries within the EU increased by less than £0.1 billion; imports increased by £0.3 billion.

In the three months to July 2014, the trade in goods deficit widened by £2.9 billion to £28.7 billion. Exports decreased by £0.5 billion to £71.4 billion. Imports increased by £2.4 billion to £100.1 billion.