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MNI DATA BRIEF: Trade Gap Falls As Non-EU Imports Outperform

LONDON (MNI)

The UK's April headline trade deficit narrowed to GBP0.935 billion from GBP1.966 billion as EU imports remain weak after the UK left the transitional trading period with the EU at the end of 2020. Imports from non-EU countries hit GBP20.1 billion, topping the GBP 18.4 billion from EU nations, extending a trend that began in January. Exports to the EU rose by 2.0% in April, but remain 5.1% below the level of December (compared to a 7.0% shortfall in March).

Imports to the EU have recovered more slowly. Despite a 3.2% increase in April, EU imports remain 19.5% below December levels (down from 22.1% in March). Excluding precious metals, the underlying trade deficit widened to GBP1.9 billion from GBP 587 million in March.

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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