ICAEW chart of the week: International trade. A three-section step chart showing the components of the UK trade deficit of £38bn in 2025. First section (on the left): Services exports in green £546bn - services imports in blue (£341bn) = a surplus in services trade in purple of £205bn. Second section: Goods exports in green £382bn - goods imports in blue (£603bn) = a deficit on trade excluding precious metals in purple of £221bn; combined with precious metals exports in light green of £2bn - imports in light blue of £24bn = a deficit on trade in precious metals in light purple of £22bn. Third section (on the right): Net trade deficits going below the line of £16bn on trade excluding precious metals in purple and £22bn on trade in precious metals in light purple - a total of £38bn. 10 Apr 2026. Chart by Martin Wheatcroft FCA. Source: ONS, UK balance of payments: 31 Mar 2026.
My #icaewchartoftheweek for @icaew.bsky.social is on #internationaltrade this week, showing how a £205bn surplus on services #exports and #imports was offset by a £243bn deficit on goods - a trade deficit of £38bn, or £16bn if precious metals are excluded
Read more: bit.ly/4ttJ9qk
