-
UK trade: May 2023
The value of goods imports increased by £2.0 billion (4.2%) in May 2023 with a rise in imports from both EU and non-EU countries; after removing the effect of inflation, imports of goods increased by 5.9%. The value of goods exports decreased by £1.4 billion (4.4%) in May 2023 with a fall in exports to both EU and non-EU countries; after removing the effect of inflation, exports of goods fell by 3.2%. The rise in imports from the EU was because of an increase in imports of cars from Germany, likely linked to the easing of supply chain issues; imports from EU countries have been consistently greater than from non-EU ... (full story)