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2/12, 8:01 AM (Source: TeleTrader)
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UK trade deficit widens by £10.9B to £14.3B in December

The trade deficit in the United Kingdom, excluding non-monetary gold and other precious metals, increased by £10.9 billion to reach £14.3 billion in the three months to December, the Office for National Statistics unveiled on Friday. On the other hand, the trade deficit for December widened by £0.3 billion from the previous month to £5.6 billion, the data showed.

The UK's exports in the trimester ending December stood at £138.5 billion, up by £0.7 billion from the previous three-month span, while imports surged by £11.6 billion to £152.9 billion. Meanwhile, the country's trade deficit in 2020 amounted to £15 billion as exports fell by £114 billion to £560.7, while imports plunged £125.3 billion to £575.7 billion last year.

Trade in goods fueled the overall increase in the UK's trade deficit in the quarter ending December as it went up by £8.3 billion to £39.2 billion in the fourth quarter of 2020.

Breaking the News / GA