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UK trade: December 2019
The underlying total trade deficit (goods and services), excluding non-monetary gold and other precious metals, widened £4.0 billion to £6.5 billion in Quarter 4 (Oct to Dec) 2019, largely because of trade in services. The trade in services surplus narrowed £5.1 billion in Quarter 4 2019 largely because of the inclusion of GDP balancing adjustments. Excluding GDP adjustments and precious metals, the total trade deficit widened by a lesser £1.0 billion to £2.0 billion. Exports of precious metals increased by £11.2 billion, while imports fell by £2.1 billion in Quarter 4 2019, leading the total trade balance ... (full story)