{"id":974,"date":"2015-07-02T16:58:39","date_gmt":"2015-07-02T16:58:39","guid":{"rendered":"http:\/\/almayan.com\/?p=974"},"modified":"2022-06-13T08:13:51","modified_gmt":"2022-06-13T08:13:51","slug":"real-estate-laws-on-the-move","status":"publish","type":"post","link":"https:\/\/almayan.com\/index.php\/2015\/07\/02\/real-estate-laws-on-the-move\/","title":{"rendered":"Trade: Key Economic Indicators"},"content":{"rendered":"

In 2021, the UK\u2019s exports of goods and services totalled \u00a3625 billion and imports totalled \u00a3654 billion. The EU accounted for 42% of UK exports of goods and services and 45% of imports in 2021.<\/p>\n

The UK generally imports more than it exports meaning that it runs a trade deficit. A deficit of \u00a3156 billion on trade in goods was offset by a surplus of \u00a3127 billion on trade in services in 2021. The overall trade deficit was \u00a329 billion in 2021.<\/p>\n

The UK had a trade deficit with the EU of \u00a332 billion in 2021 and a trade surplus of \u00a33 billion with non-EU countries.<\/p>\n

The trade deficit with all countries widened to \u00a332.5 billion in the three months to March 2022 compared with a \u00a36.2 billion deficit in the previous three months. Exports fell by 3.3% in cash terms over this period while imports increased by 11.9%.<\/p>\n

UK Balance of trade<\/p>\n

The current account, which includes investment income and transfers as well as trade, saw a deficit of \u00a360 billion in 2021, compared with \u00a354 billion in 2020. The current account deficit was 2.6% of GDP in 2021 compared with 2.5% in 2020.<\/p>\n

The current account deficit was \u00a37.3 billion in Q4 2021 (1.2% of GDP), compared with a deficit of \u00a328.9 billion (4.9% of GDP) in Q3 2021.<\/p>\n<\/div><\/div>