UK’s trade deficit widens to record £27.9bn as business with Russia reaches historic low


New data showed this morning that UK’s trade deficit in goods and services widens again in Q2 to a record £27.9bn.

Moreover, monthly imports from Russia dropped to meagre £33m, the lowest since records began and down from over £1.8bn in both January and February of this year.

Also during Q2, imports increased by £14.3bn to £206.6bn but exports rose by £12.3bn to £178.6bn.

The trade in goods deficit widened by £1.5 billion to £62.6bn during the second quarter.