For the three months to August 2022, the total trade in goods and services deficit, excluding precious metals, widened by £0.2 billion to £25.6 billion compared with the three months to May 2022.The increase in imports from non-EU countries in August 2022 was primarily driven by higher imports of fuels and machinery and transport equipment, which increased by £2.7 billion and £0.9 billion, respectively. Total exports of goods, excluding precious metals, increased by £0.4 billion (1.2%) in August 2022, driven by a £0.7 billion (4.1%) increase in exports to non-EU countries, while exports to EU countries decreased by £0.3 billion (1.5%). Total imports of goods, excluding precious metals, increased by £3.1 billion (5.7%) in August 2022 because of a £3.5 billion (13.3%) rise in imports from non-EU countries, while imports from EU countries decreased by £0.5 billion (1.9%). In August 2022 the value of imports of goods rose by more than that of exports, with high gas prices having a strong impact.
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