UK records trade deficit of £3.7B in November

Friday, 15. January 2021 08:01

The trade balance in the United Kingdom, excluding non-monetary gold and other precious metals, plunged £8.1 billion to a £3.7 billion deficit in the three months to November, according to data released by the Office for National Statistics on Friday. Meanwhile, the trade deficit in November stood at £1.5 billion, increasing by £0.6 billion.

The country's exports landed at £146.3 billion in three months ending November, rising 4% compared to the trimester prior, while imports jumped 10.1% in the same period to £150.1 billion.

The trade in goods was the main driving force behind the overall deficit growth as it widened by £9 billion to £36.4 billion in the three months to November. The UK's trade in goods deficit with non-EU countries went up by £5.4 billion to £13.3 billion in the three months to November, while the trade in goods deficit with EU countries increased by £3.6 billion to £23.2 billion over the same three-month span.

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Breaking the News / GA