UK imports from outside the EU are still higher than the EU, but the gap is narrowing Reuters

LONDON (Reuters)-The UK Statistics Office said on Friday that the UK still imports more goods from outside the EU than it imports from the EU single market that left the European Union in January, but the difference is narrowing.

According to the National Bureau of Statistics, goods imported from non-EU countries totaled 19.362 billion pounds (26.74 billion U.S. dollars) in May, while imports from the European Union — many of which face new cross-border trade barriers — totaled 18.513 billion pounds.

According to data from the National Bureau of Statistics, the UK’s overall merchandise trade deficit narrowed to 8.481 billion pounds in May, the lowest in nearly a year, and lower than the 11.1 billion pounds predicted by Reuters in a survey of economists.

(1 USD = 0.7240 GBP)