UK Narrows Its Trade Deficit by £0.2 Billion in the Fourth Quarter of 2021

Source: Office for National Statistics

The UK posted a goods and services deficit of 12.8 billion pounds in the fourth quarter of 2021, down by 0.2 billion pounds. FTSE 100 is down -0.77%, GBPUSD is up +0.01%.

• The trade in goods deficit was 43.0 billion pounds in the quarter, down by 0.2 billion pounds. Goods imports rose by 6.1 billion pounds while exports increased by 6.3 billion pounds.
• Trade in services surplus improved marginally to 30.2 billion pounds in the fourth quarter.
• In December alone, goods imports rose by 0.6 billion pounds, but imports remained unchanged. Imports from non-EU members were higher than from EU countries for the 12^th straight month.
• Exports rose by 1.1 billion pounds in December, fueled by 1.0 billion surges in exports to EU countries. Exports to non-EU members remained unchanged.
• Annual imports to the UK increased by 8.4% in 2021 from the prior year, while exports rose by 4.9% in the same period.