The total trade deficit for December 2020, excluding non-monetary gold and other precious metals, widened by £0.3 billion to £5.6 billion; imports increased by £0.8 billion and exports increased by £0.4 billion. In Quarter 4 (Oct to Dec) 2020, the UK total trade deficit, excluding non-monetary gold and other precious metals, widened by £10.9 billion to £14.3 billion, driven by a widening of the trade in goods deficit. Increasing goods imports were driven by machinery and transport equipment, chemicals and miscellaneous manufactures in Quarter 4 2020; medicinal and pharmaceutical products and car parts were … (full story)
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