News

British Imports of Goods Grew by 4.9% in November as Exports Fell by 1.0%

0
Cargo containers. Import or export related 3D

Total imports of goods rose by 4.9% to £2.9 billion in November 2021 driven by a £0.8 billion increase in EU imports and a £1.1 billion increase in imports from non-EU countries.

Source: Office for National Statistics

FTSE 100 down -0.37% EUR USD down -0.06%

Imports from the non-EU nations continue to grow higher than from the EU members for the 11th straight month, and the gap is at its widest level of the year.

UK’s imports of fuels is still the main driver of the import gap between the EU and non-EU countries, irrespective of a small decrease compared with October 2021 levels.

UK exports of goods, excluding precious metals, fell by 1.0% (£0.3 billion) in November 2021, attributable to a 2.1% decrease in exports to non-EU countries as exports to EU nations remained unchanged.

British trade in services surplus rose by £2.1 billion to reach £35.9 billion in the three months ending to November 2021.

Trade in goods and services deficit in the UK worsened by £2.8 billion to £9.3 billion in the three months to November 2021.

fxcoach

German Economy Up in 2021, But Still Below Pre-Coronavirus Levels

Previous article

Euro Area, EU House Price Hikes Hit Historic Highs

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in News