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UK trade: July 2024
The value of goods imports decreased by £1.5 billion (3.0%) in July 2024, with a fall in imports from both EU and non-EU countries. The value of goods exports fell by £3.4 billion (10.8%) in July 2024, with exports to both EU and non-EU countries decreasing, following a large rise the previous month. The substantial fall in exports was driven by lower chemical exports to both EU and non-EU countries. The total goods and services trade deficit widened by £5.5 billion to a deficit of £14.6 billion in the three months to July 2024, driven by increased imports of goods. The trade in goods deficit widened by £5.9 ... (full story)