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MNI BRIEF: UK Nov Trade Surplus Biggest Since August 2020

(MNI) London

External trade was in surplus in November, to the tune of GBP626 million, up from GBP151 million in October, the biggest surplus since August 2020, the Office for National Statistics said Friday.

Exports rose by 4.6%, while imports increase by 3.8%. The deficit in goods trade narrowed slightly to GBP11.337 billion from 11.807 billion in October.

As has been the case since the UK left the transitional trading arrangement with the European Union at the tart of the year, non-EU imports exceeded incoming shipments from the EU, with the gap widening to GBP3.8 billion, the highest of any month in 2021. Fuel imports accounted for much of the increase.

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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