UK February visible trade balance -£16.4 billion vs -£10.4 billion expected

Latest data released by ONS – 13 April 2021

  • Prior -£9.8 billion; revised to -£12.6 billion
  • Non-EU trade balance £ billion
  • Prior -£1.8 billion

Slight delay in the release by the source. The thing to take note here is that both exports and imports showed a notable bounce after the January hit, which was likely impacted by the Brexit crossover at the time.

Exports grew by 9.9% while imports moved up by 8.8%, with notable improvements seen in trade conditions with EU countries in February.

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