UK trade deficit widens to £6.4bn as non-EU exports decline

The UK imported £700m in fuel from the EU in the three months to February

Caitlin Morrison
Wednesday 11 April 2018 09:40
Comments
The UK trade in goods deficit with the EU narrowed by £2.9bn
The UK trade in goods deficit with the EU narrowed by £2.9bn

The UK trade deficit widened to £6.4bn in the three months to February due to a fall in non-EU exports.

According to the Office for National Statistics (ONS), the total trade deficit widened by £400m, with non-EU goods exports declining by £2.1bn. This was offset by an increase of £900m in EU goods and £400m in total services exports.

Comparing the 12 months to February 2018 with the same period in 2017, the total trade deficit narrowed by £12.9bn to £27.5bn.

Goods imports increased by £1.1bn from the EU, which was slightly larger than the £900m increase in exports to the EU during the three month period.

The main contribution to the rise in imports from the EU was a £700m increase in imports of fuels, the ONS said, followed by increases of £300m in machinery and transport equipment.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in