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economic update gives first post-Brexit-vote snapshot

Economy

UK trade: Sept 2016

UK trade shows import and export activity and is a main contributor to the overall economic growth of the UK. All data are shown on a seasonally adjusted, balance of payments basis, at current prices unless otherwise stated. This UK trade release provides the first estimate for a full quarter of data post the EU referendum.

Between Quarter 2 (April to June) 2016 and Quarter 3 (July to September) 2016, the total trade deficit for goods and services narrowed by £1.6 billion to £11.0 billion. There was a £4.5 billion (6.1%) increase in exports of goods and a £3.1 billion (2.8%) increase in imports of goods; these increases were partially offset by a £0.1 (0.1%) billion decrease in exports of services and a £0.3 (0.7%) billion decrease in imports of services.

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