The value of UK goods imports decreased by £1.4 billion, or 2.6 per cent, in October this year, according to the Office of National Statistics (ONS). However, removing the effect of inflation, imports of goods rose by £0.9 billion, or 2.3 per cent. The value of goods exports fell by £0.7 billion, or 2.2 per cent in the month, with exports to both European Union (EU) and non-EU countries falling.After removing the effect of inflation, exports of goods decreased by £1.3 billion, or 4.7 per cent.
The value of UK goods imports decreased by £1.4 billion, or 2.6 per cent, in October this year, according to official data. However, removing the effect of inflation, imports of goods rose by £0.9 billion, or 2.3 per cent. The value of goods exports fell by £0.7 billion, or 2.2 per cent in the month, with exports to both EU and non-EU countries falling.
Goods imports from non-EU countries fell by £3.4 billion, or 11.6 per cent, primarily because of falling gas prices in October after peaking in September.
Goods imports from the EU rose by £2.0 billion, or 8.3 per cent in October, following a subdued September.
Fibre2Fashion News Desk (DS)
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