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MNI BRIEF: UK Aug Trade Deficit Expands to Pre-Pandemic High

(MNI) London

The total UK trade deficit widened to GBP3.716 billion in August, the biggest gap since December 2019. The goods trade gap expanded less dramatically, to GBP11.211 billion from GBP11.147 billion in July, still the biggest shortfall since March 2021. Goods exports increased by 0.9% in August, while imports rose by 1.2%.

Exports to non-EU nations fell slightly to GBP12.998 billion, while EU shipments declined to GBP12.809, narrowing the gap between the two export destinations that opened up at the start of the year following the UK's withdraw from the transitional EU trading arrangement.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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