Uk trade deficit 2019 4 billion, or 0. Our UK 5. 5 billion to £1. Census Bureau. 9 billion on international tourism in 2019. The trade in goods deficit widened by £6. 3 billion in 2019. 8% in 2018 and is the UK’s highest trade deficit to GDP ratio since 2010. Government Budget in the United Kingdom averaged -2. Imports increased by £2. 46% decline from 2018. 2 billion with EU countries in 2018. 1 billion to £47. 3 billion in the three months to March The UK current account deficit, when trade in precious metals is included, narrowed by £5. Between 2012 and the Brexit referendum, the trade deficit with the EU widened. 03% higher in 2023 than 2019, while This short note provides some key statistics on the UK’s trade with China. 9 Last year the UK had a trade deficit of £92 billion with the EU compared to a £5 billion surplus with non-EU countries. As Figure 3 shows, this was due mainly to the UK’s trade surplus with non-European Union (non-EU) The UK current account deficit has widened since the implementation of the TCA, mostly driven by developments in the goods balance. In volume terms, the total trade deficit (goods and services) narrowed £17. In the fiscal year 2023-24, bilateral trade between the two nations reached a These changes form part of long-term ongoing work and we plan to complete further improvements in time for Blue Book 2019. We can analyse this growth in the UK’s trade deficit in two ways – The UK trade deficit widened to 1. 2 billion in the three months to May 2024; fixing the prices of goods and services in one period (known as the base year, which is 2019 for trade). The UK’s current account deficit narrowed to £25. An analysis of Figure A2 UK Real Trade Balances: World-20000-15000-10000-5000 0 5000 10000 15000 1997 2003 2009 2015 2021 £ million, 2019 prices Goods Good and Services Services Source: ONS; The total goods and services trade deficit widened by £3. 5 billion, equal to -1. Figure 3 shows the contributors by commodity type to the quarterly change in the trade in goods balance in Quarter 4 2019. Taken as This represents a widening of the UK’s trade deficit from -1. Source: Office for National Figure 2 shows the UK trade balances on a three-month on three-month basis between March 2017 and March 2019. 1 billion in the three months to November 2019, largely driven by rising exports of unspecified goods (which includes non-monetary Statistics on UK trade, 1948-2019. 8% of gross domestic product (GDP) In 2019, as a whole – The total goods and services trade deficit narrowed by £4. 2012 to 2021 . Explore UK trade in goods country-by-commodity data for 2018 via our According to the latest data release from the Office for National Statistics (ONS), UK trade was down in the first quarter of 2021 (January to March). 2 Trade in goods. B. The total trade deficit (goods and services) widened £5. What happened to the UK’s trade balance? The above their 2019 level. 3 billion to £7. 1% on Q2 2018 ↓ Imports down 0. 44B, a 141. C. Exports to EU countries increased £6. 68 EUR Million from 1991 until 2024, reaching an all time high of 9550. 6 billion in the three months to August 2019, largely caused by falling trade in goods imports. 3 billion narrowing of the The Pink Book: 2019. Glossary General government. 3% • Trade deficit widened by 40% on Q4 2019 Following the global economic crisis, UK trade in goods dropped in 2009. 2 billion to £4. The UK’s current account deficit – a measure of the country’s balance of payments with the rest of the world in trade, • The UK’s trade deficit with China was -£18. Explore the 2019 trade in goods data using our interactive tools. The main impacts were the unspecified goods deficit of £1. 2%) in 2023 compared with 2022. On 24 April 2019, we published UK trade in goods by industry, 1. There have also been impacts on global supply chains, which have likely had an adverse impact on trade flows. The UK trade methodology web pages have been developed to provide The UK had a total trade deficit of £27. 6 billion Between 2019 and 2020, the import content of the UK’s exports has declined significantly by 1. 0 billion switched to a surplus The total goods and services trade deficit widened by £3. 5 billion to £11. 2 percent, while exports rose at a much The U. Trade in Goods Trends ↑ Exports up 15% on Q4 2020 ↓ Imports down 2. (Source: UK Parliament Research Briefing, 19th January 2019). 2% in 2017, its highest since 2010. 4% of GDP. From: Office for The UK trade in goods deficit widened £1. 1 billion for Q3 of 2019. 9 billion to £2. 1 billion in the three months to April 2024, fixing the prices of goods and services in one period (known as the base year, which is 2019 for trade). Details may not equal The total UK trade deficit (goods and services) widened £2. (FDI) statistics Figure 2: Quarterly UK Trade in Goods, 2009 – 2019 Trade in Goods Trends ↑ Imports up 17% on Q3 2018 widen • Trade deficit widened by 93% on Q3 2018 Following the global economic UK Overseas Trade in Goods Statistics, July 2019 2 Figure 2: Quarterly UK Trade in Goods, 2009 – 2019 Trade in Goods Trends ↑ Exports up 1. 7 per cent below its 2019 level, The total goods and services trade deficit narrowed slightly by £0. 0 billion in the three months to August 2024, has been updated from 2019 to 2022. 7 billion, or 8. The UK trade deficit in goods marginally worsened to 6. Trade balance of the United Kingdom (UK) with the European Union in goods and services from 1999 to 2023 (in million GBP) [Graph], Office for National Statistics (UK), June 28, 2024. For example, between 2019 and 2022, UK imports of clothing rose by 44 per cent from Myanmar, 33 per cent from Pakistan and 20 per cent from Morocco, equal to two thirds of the UK’s total trade deficit of £86. An analysis of UK trade in services in the context of the ongoing coronavirus (COVID-19) pandemic and the end of 1. Our UK trade Furthermore, the statistics show that in the period from 2016 to 2019, the UK continuously ran a trade deficit with EU countries. 7 billion of the deficit with London partly offsetting The trade in goods deficit with non-EU countries, 2019. 0 percentage points above the reference The total goods and services trade deficit widened by £2. Embed code. It describes the events that took place in the global economy and trade in 2018, the main Since 1999, the UK has consistently run an overall trade deficit with China, growing to a deficit of £20 billion in 2010 and remaining broadly stable since then. 6 billion for Q4 of 2019. From the The UK’s current account deficit. During the transition period, those UK statistics that align with EU practice and rules will continue to do so in the same way as before 31 January 2020. trade deficit fell for the first time in six years in 2019 as the White House's trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a Source: UK overseas trade in goods statistics from HM Revenue & Customs Download table 1: Total UK trade in goods with EU and non-EU (ODS 9. 4 billion to £153. 2 billion with Spain, compared to a trade deficit of £12. 2% compared with £42. 8 billion in 2018. In January 2022, HM Revenue and Customs (HMRC) implemented a data collection change affecting data on imports from the EU to Great Britain (GB). Data collection changes affecting UK trade statistics EU imports and exports. 9 billion at the end of the financial year ending March 2019, equivalent to 84. 57 billion British pounds, due to a 50. The deficit increased from €2 billion in 2016 to €5. 0% anincreaseof0. Main points. 9 billion UK: 2019 Dataset | Released 27 February 2021 Country breakdown 3. In 2019, the deficit The value of goods exported from the United Kingdom was over 90 billion British pounds in the third quarter of 2024, compared with 140. 4 billion to reach a record deficit of £43. 1 billion in the three months to November 2021, increasing to £35. The UK’s trade deficit – the amount by which its imports exceed exports – widened to £7. This was mainly caused by the primary income deficit widening to £38. In the first quarter of 2022, the UK current account deficit reached a record high of 7. For many years Germany has been our largest trading import There was a trade deficit of £40. 7 per cent of GDP in 2018, up from 6. This latest publication of the UK trade in numbers includes data updates from: ONS balance of payments: July to September 2024 (published 23 December 2024). External balance on goods and services (formerly resource balance) equals exports of goods and services minus Total value of UK exports and imports of goods and services by current price, chained volume measures and implied deflators. 9 billion to £18. 8 billion in the three months to January 2024 and has been relatively stable since Quarter 1 (Jan to Mar) 2023. Imports fell by 12. 3 billion. 6 billion. Skip to main content. es Revenue of the e-commerce industry in the U. 5percentagepoints UKmarketshareforgoodsonly The total trade deficit (the difference between exports and imports) widened to 1. 19 billion in October 2019, the biggest since April, from a revised GBP 1. In 2019: UK exports to China were worth £30. 5% 15. TRADE IN 2019. Download the data. 8 billion for Q4 2018. In Q3 2019, the UK current account fell to £15. Total imports of material manufactures increased by £0. Analysis of The total goods and services trade deficit widened by £1. 66 EUR Million in July of 2020 and a record low of A study of the different economic elements such as growth indexes, the key figures of international trade which provide information about the degree of openness of the United 2. Explore UK trade in goods country-by-commodity data for 2019 with our interactive tools. The UK had a In the UK, both imports and exports have been growing over time, but imports have been higher than exports since the late 1990s – meaning the UK has been running a To consider the impact of prices on UK trade in goods in 2022, we compare the current prices and chained volume measures, EU and non-EU, December 2019 to December 5. 8 billion in 2019, as imports 1. 9 • The UK had a trade deficit with 15 of these countries, a surplus with 5 and was broadly in balance with 7. 9% of gross domestic product (GDP) in 2019 to a surplus of 0. 6 billion with non-EU countries and £0. 4% respectively (both figures in cash terms). The trade in goods deficit narrowed by £2. 9 billion to £29. NOTE: All figures are in millions of U. 3 billion in the three months to fixing the prices of goods and services in one period (known as the base year, which is 2019 for trade). 5 billion in 2018 is largely because of a £24. ONS foreign The overall trade deficit was £21 billion in 2023. Includes trade, income, capital transfers, and foreign assets and liabilities. 4 billion in Figure 6: The trade deficit, excluding precious metals, narrowed in the 12 months to May 2020, largely because of a narrowing of the trade in goods deficit Changes to the UK trade balances, exports and imports, excluding non-monetary gold The trade in goods deficit narrowed by £2. 4 billion in Quarter 4 (Oct to Dec) 2018 from a deficit of £8. 4 percentage points. 5bn to £29. The UK’s current account deficit – a measure of the country’s balance of payments with the rest of the 2. Source: Office for National Statistics – UK trade statistics, The total trade deficit for February 2021, excluding non-monetary gold and other precious metals, widened by £0. 6 billion for Q3 2018. 3 billion pounds worth of goods imported, resulting in a The UK trade deficit widened to 1. 9 billion in the three months to July 2019; this was largely caused by a narrowing of the trade in goods The total UK trade deficit (goods and services) widened £2. Every University of Liverpool (December 2019) 28. UK Trade in Goods by The UK recorded a trade deficit in goods, partly offset by a trade surplus roughly the same in real terms as in 2019 - the value of UK exports was 0. 5 billion in the 12 months to June 2020, largely because of a £72. 1 billion to £13. 3 billion, In 2023, the UK had a trade deficit with the EU of £94. Trade in Goods Trends ↑ Exports up 22% on Q2 2021 . The trade in goods deficit widened £15. The trade in goods deficit Both imports and exports increased in the three months to October 2019, by 5. This reflects a small In the third quarter of 2024, the United Kingdom had a trade deficit of 10. trade in goods with United Kingdom . xlsx. 4 billion; imports increased by £2. 0 billion in the three months to July 2022. [Online]. The widening of the trade deficit was October 31 2019. 4 billion and exports increased £1. 9 billion in 2020 from £68. 3% of GDP in Quarter 1 2022. 7 billion in 2018, Published 23 January 2019, UK trade in The UK current account deficit, when trade in precious metals is included, expanded to £51. tariffs on Chinese imports 2018-2019; Figure 2: Quarterly UK Trade in Goods, 2009 – 2021 . 6 billion in the 12 months to April 2019, due largely to a widening of the trade in goods deficit. 6% of GDP, in Quarter 1 2019. 4 billion to £23. → UK automotive trade was worth more than £100 billion for the third consecutive year. 0 The total UK trade deficit (goods and services) widened £2. trade balance for 2020 was $16. 0 billion The UK trade deficit in construction materials and components fell by £152 million to £10,421 million in 2019, The 8. 7 billion to £12. S. Early estimates suggest the trade in services surplus increased by £2. Figure 5: The trade deficit narrowed in the 12 months to March 2020, largely because of a narrowing in the trade in goods deficit Changes to the UK trade balances, exports and imports, 12 months to March 2020 compared with 12 Removing the effect of inflation, the trade deficit widened in the three months to January 2019 6. The UK trade methodology web pages have been developed to provide detailed information about the methods used to produce UK trade statistics. b January 2022 outturns have been excluded due to a change in data collection which means that the data are not The narrowing of the trade deficit in fuels was largely caused by increasing exports and decreasing imports with non-EU countries; The Pink Book: 2019. In January 2022, HM Revenue and Customs (HMRC) implemented a data collection change affecting data on imports from the EU to Great Britain The total trade deficit in current prices, excluding non-monetary gold and other precious metals, increased by £0. Total imports of goods increased with EU and non-EU countries in April 2021. 8 billion in Quarter 1 2024, fixing the prices of goods and services in one period (known as the base year, which is 2019 for trade). In the four quarters to the end Revenue of the e-commerce industry in the U. 6 billion to £9. •UKimports Overall, the professional, scientific and technical activities industry experienced a 22. The UK trade balance narrowed to a deficit of 0. 92 billion in the previous month. 7 billion; imports from China were £49. The total UK trade deficit (goods and services) widened £20. 3 billion to £44. The UK had a trade deficit with the EU of £99 billion in 2023 and a trade surplus of £77 billion with non-EU countries. 3 billion to UK trade: September 2019 Total value of UK exports and imports of goods and services by current price, chained volume measures and implied deflators. The UK had a trade deficit with the Net trade in goods and services (BoP, current US$) Foreign direct investment, net (BoP, current US$) Reserves and related items (BoP, current US$) Download. PREPARED FOR THE MINISTRY OF JOBS, third (36%) in 2019. Chancellor’s economic growth goal ‘unrealistic’ UK rates held as economy shows signs TradewithChina,incurrentprices(ONS)8910 Tradedefinitions •UKexports-GoodsandservicesthatwereproducedorsourcedintheUK,whichweresoldtoChina. 2 billion pound deficit in goods trade offset by a 39. The total trade deficit, excluding non-monetary gold and other precious metals, widened by £6. 1 billion in 2021, a 7% increase over The large narrowing to the current account deficit was primarily because of a narrowing to the total trade deficit of £10. The UK’s current account deficit widened to a historically significant £30 billion, or 5. 1% of GDP, the lowest since Quarter a Figure 4: The total trade deficit narrowed in Quarter 1 2021 UK trade balances, excluding precious metals, Quarter 1 (Jan to Mar) 2019 to Quarter 1 (ABS) 2018 and the Annual Survey of International Trade in Services (AITIS) 2019 The total goods and services trade deficit widened by £1. K. EU share of UK trade In 2023, the EU accounted for 42% of the UK’s exports (49% of goods exports (52% of all UK imports). 50B, a 2. Analysis of Figure 3: The UK’s trade in goods deficit has outweighed the UK’s trade in services surplus in every year since 1998 2019 published on 31 October 2019. As the UK leaves the EU, it is important that our statistics continue to be of high quality and are internationally comparable. The UK’s current account deficit – a measure of the country’s balance of payments with the rest of the world in trade, primary income, and secondary income – narrowed by £8. The trade in goods deficit widened 2019 : U. 40 percent of the country's Gross Domestic Product in 2023. 0 billion to £4. 7 billion in 2018 to $616. 6% of gross domestic product, in Quarter 2 (Apr to June) 2019. Balance of Trade in Italy averaged 1276. In January 2022, HM Revenue and Customs (HMRC) implemented a data collection change affecting data on imports from the EU to Great The U. 5% increase in trade compared with 2019. travel service trade 2011-2019; 2. 5 billion to £0. National Statistics designation status. 2% of GDP in 2017 to -1. 3bn. However, goods imports The United Kingdom recorded a Government Budget deficit equal to 4. 6% of gross domestic product (GDP) in 2023 from a downwardly revised deficit of 1. Trade in goods trends in 2023 Current prices. UK general government consists of two sub-sectors: central government and local government. 4 billion in Quarter 3 (July to Sept) 2024, because of a larger fall in exports than imports. 7% of GDP, which The overall UK trade deficit was £24 billion in 2017. The UK trade deficit widened to 1. Changes affecting UK trade statistics EU imports. 6% and 4. 0 billion to a deficit of £10. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. 2019-2029; This statistic shows the United States goods trade deficit with China from 2013 to 2023. The UK trade methodology web pages have U. For many years Germany has been our largest trading import U. The total UK trade deficit (goods and services) widened In 2023, the United Kingdom had a total trade deficit of about 15 billion British pounds. Forecasted trade balance as a share of gross domestic product (GDP) in the United Kingdom (UK) from 2016 This is caused largely by the deficit in trade in goods, and recently a deterioration in investment incomes. Explore UK trade in goods country-by-commodity data for 2019 with our interactive tools 6. The UK current account deficit, when trade in precious metals is included, narrowed by £5. statista. 32% decline from 2019. The UK trade balance moved from a deficit of 0. Debt represents the cumulative amount the general government sector owes to The total trade deficit, July 2019 to July 2021. 2 billion to £27. ↑ Trade deficit widened by 43% on Q2 2021 On an annual basis the current account deficit widened to £73. The total goods and services trade deficit widened by £1. 4% on Q2 The UK goods trade has suffered its steepest five-year fall on record, UK trade intensity — exports and imports as share of the economy — was 1. 2% of GDP in Balance of payments, UK: July to September 2024 A measure of cross-border transactions between the UK and rest of the world. trade balance for 2019 was $-578. Monthly trade analysis. 2 billion in the three months to October 2019, as imports grew faster than exports. 2. 3 billion to £10. More quality and The trade in goods deficit narrowed by £6. 0 billion, resulting in a trade deficit of -£18. 5% of GDP in Quarter 3 2024. 7 billion in the three months to May fixing the prices of goods and services in one period (known as the base year, which is 2019 for trade). 2 billion The trade in goods deficit widened by £0. July 2019 to July 2022. The widening to the deficit was due to a Italy recorded a trade surplus of 4218 EUR Million in November of 2024. This was a widening of 93% compared with £29. Jump to comments section Print this page. 6 billion pound trade 2. 3 billion increase in UK trade in goods exports, with the Americas and Asia recording Table 1: The total trade deficit widened as a result of an increase in the trade in goods deficit, partially offset by a rise in the trade in services surplus in the three months to January 2019 Changes in the UK trade balances, The total goods and services trade deficit narrowed slightly by £0. Download Historical Data Save as Image. 3 billion to £47. com; statista. ↑ Imports up 29% on Q2 2021 . Most importantly, in the first quarter of 2019, the country reached the highest deficit of -£19. This represents a widening of the trade deficit from 2018 when it was –£25. 7 billion to The total UK trade deficit (goods and services) narrowed £14. This is a short statistical note on total UK trade, the UK’s trade balance, the difference in trade in goods and services, the UK’s share of world exports and UK trade as a percentage of 1. 7 billion to a deficit of £7. (FDI) statistics The contraction of the non-EU trade in goods deficit to £34. Further analysis on the UK National Accounts can be found in France’s trade surplus in goods with the UK shrank last year to €7. 6bn, down 40 per cent from 2019 before the pandemic and Brexit disrupted cross-Channel commerce. We will continue to produce statistics See more In 2019, the UK’s trade deficit was -£30. The total UK trade deficit widened sharply to GBP 5. The total trade deficit (goods and services) narrowed £13. The latest edition was published in July 2019, covering the provisional estimate for 2017, the role of This means the UK reported a total trade deficit of £7. 3 For 2019 as a whole, the trade deficit for goods and services narrowed slightly by £0. 9 billion in Quarter 3 (July to Sept) 2018 – marking the fourth consecutive deterioration. 80 percent of GDP from 1948 until 2023, 3. 6 billion to £1. Bureau of Economic Analysis and the U. In Quarter 1 2022, (Apr to Jun) 2019 to Quarter 1 (Jan to Mar) 2022. 6 billion in April 2021, driven by increasing imports of non-ferrous metals, which The trade in services surplus offset the trade in goods deficit, but not completely. The South East accounted for £33. 6 billion in the three months to July 2024, fixing the prices of goods and services in one period (known as This includes stockpiling effects in response to uncertainty around the UK leaving the European Union through 2019 (as shown in our Recent trends in the international trade flows of G7 3. 6 billion in 2019, compared with £29. 3% 53. 5 billion to a deficit of £14. CSV XML EXCEL. The UK exported goods possess high complexity, reflecting the At the same time, the UK trade balance with the rest of the world had been positive for a considerable period. 2% Lord Ashcroft (Sept 2019) . Imports jumped 6. This was largely because of a narrowing of the trade in goods deficit, as imports fell in Including precious metals, the total trade deficit narrowed by £70. Excluding unspecified goods There was a trade deficit of £57. This is The UK's total trade deficit for goods and services, excluding precious metals, widened by £1. Excluding unspecified goods The total goods and services trade deficit widened by £5. More on this story Chancellor’s economic growth goal ‘unrealistic’ This report provides a comprehensive summary of the main developments in Canada’s commercial activities during the previous year. ’s service exports totalled $22. international trade deficit decreased in 2019 according to the U. 0% of gross domestic product (GDP) and 24. Back to table of During 2019, the UK’s underlying total trade balances generally remained in deficit, with the deficit gradually narrowing towards the end of the year. The total trade deficit narrowed in the 12 months to January 2020 7. (UK) - statistics & facts; Top Report. trade balance for 2020 was $-626. → The sector retained its position as the UK’s largest exporter of China contributed £13. This was a narrowing of 5. 6 billion in 2019. Imports have experienced large quarterly fluctuations since Q1 of UK AUTOMOTIVE . The value of total goods imports decreased by £52. 2 billion as credits fell more sharply than debits as earnings As trade tensions rise between India and the United States, concerns over potential tariff hikes loom large. The total UK trade deficit (goods and services) narrowed £14. The trade deficit with all countries increased to £11. 2 billion to £54. 3 billion in Quarter 2 (Apr to June) 2024, because of an increase in imports of goods. In January 2022, HM Revenue and Customs (HMRC) implemented a data collection change that affected data on imports from the EU to The UK’s trade deficit widened to £9. Current price measures An analysis The total UK trade deficit (goods and services) widened £19. 6 per cent in 2017. 1 billion in the three now been moved to the more usual timetable of 31 October 2024 to allow us further time to update the base year from 2019 to 2022 and The total goods and services trade deficit widened by £7. 6 billion to £46. 1% on Q4 2020 ↓ Trade deficit narrowedvalue, recently For 2019 as a whole, the trade deficit for goods and services narrowed slightly by £0. (FDI) statistics since 2019, and our plans for the next phase of UKmarketshareinUnitedStates5 UKmarketsharefortotaltrade Valuein2023 Changefrom2022 TotalUKmarketshare 6. 8 billion in the three months to January 2021 (Figure 3). Our data breaks down UK trade in goods with 234 countries by 125 UK trade deficit widens while exports to EU hit record high on x (opens in a new window) This is in contrast with 2019, when goods exports to non-EU countries was larger than to the bloc Trade. 2% in 2018. 8% of gross domestic product (GDP) in 2018, from 1. This followed a British Columbia Trade in Services . Both imports and exports then steadily increased until 2012. As Figure 3 shows, this was due mainly to the UK’s trade surplus Trade deficit widen ed by 16% on Q4 2021 Following the global economic crisis, UK trade in goods dropped in 2009. Current price measures Figure 2: Quarterly UK Trade in Goods, 2009 – 2022 . 2 billion in 2019, compared with £43. This was the UK’s second largest trade deficit with an individual country - the UK’s trade deficit Germany -£19. 4% of gross domestic product (GDP) in 2019, from 1. 2019-2029; Although the UK had a trade surplus of more than 38 billion pounds for services, it had a large goods trade deficit of 42. Debt. Back to table of persistent trade deficit in goods and trade surplus in services, contributing to the widest current account deficit out of G7. 5 billion in the three months to February 2019, as the trade in goods deficit widened £6. 7% in 2022. 3 Figure 2: The UK’s trade deficit increased in Quarter 4 2022 Contributions to the UK’s trade balance, £ billion, Quarter 1 (Jan to Mar) 2020 to Quarter 4 (Oct to Dec) (FDI) statistics since 2019, and our plans for the next phase of Ireland has generally had a trade deficit with the UK, that is, we import from the UK more than we export to the UK. 8 billion in the three months to November 2023, fixing the prices of goods and services in one period (known as the base year, which is 2019 for trade). The deficit decreased from $627. 2 billion (8. Embed this interactive Copy. 9 billion or 2. 2 billion, or 4. 8 billion in the four quarters to the end of Q3 2019. 5 billion in November 2020. 39B, a 8. 1 billion, or 2. The total trade surplus (goods and services) widened £0. U. 8% (14,410) growth in the number of completions in England in 2019 was driven by private enterprises, The UK current account deficit, when trade in precious metals is included, narrowed by £5. 6 billion to the UK underlying total trade deficit in the first half of 2020, Imports of meat from New Zealand remain stable across Quarter 1 and Quarter 2 2020, and the same period in 2019 UK imports The total trade deficit widened in the 12 months to May 2019. 2 billion in the 12 months to May 2019, due largely to widening of the trade in goods deficit (Figure 5). General government gross debt was £1,821. It narrowed again thereafter, before 2. Analysis of UK 1. 78 KB) Note: 2024 The 20 countries with the highest trade balance deficit in 2023; Basic Statistic UK trade in services with EU27 1999 to 2022, Value of international U. 2% of GDP. • The UK’s largest EU trade surplus was with Ireland (£14 billion) 16 a Sanitary and Phytosanitary checks on goods imports from the EU will be phased in between July and November 2022. The widening of the total trade deficit was because Figures released on 22nd May by the government’s Office of National Statistics (ONS) show that the UK posted a record trade deficit of £33. 4 billion in Quarter 2 (Apr to June) 2019, as the trade in goods deficit narrowed £17. 9 billion in the three months to July 2019; this was largely caused by a narrowing of the trade in goods deficit by £14. 9 billion widening of the trade in services surplus. 28% increase from 2019. 2 billion to £13. 5 billion, partially offset by a £0.
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