Pre – Brexit UK trade analysis (April)

Pre – Brexit UK trade analysis (April)

According to HM Revenue & Customs, in April 2016 the value of exports (EU and Non-EU) increased to £25 billion, and imports (EU and Non-EU) increased to £41.0 billion, compared with last month. Consequently the UK is a net importer this month, with imports exceeding exports by £16 billion.
Key Points

Total trade exports for April 2016 were £25 billion. This was an increase of £0.1 billion (0.4 per cent) compared with last month and a decrease of £1.3 billion (4.9 per cent) compared with April 2015.

Total trade imports for April 2016 were £41.0 billion. This was an increase of £1.2 billion (3.0 per cent) compared with last month and an increase of £7.3 billion (21.7 per cent) compared with April 2015.

The UK was a net importer this month, with imports exceeding exports by £16 billion.