UK Firms Show Resilience Across Difficult Trading World

Total UK exports in goods and services rose by 2.8% in the first month of the year, with goods exports up by 3.5% on this measure, and services exports up by 2.3% month on month.

Total import volumes into the UK fell by 0.9% in January, with goods imports down by 1.7% in volume terms, while services imports rose by 0.6% in January.

Non-EU goods exports had particularly strong growth in January with a rise of 5.7% in volume terms, while EU goods exports rose by 1.3% month on month.

On imports, goods imports from the EU fell by 2.4% in volume terms in January, while non-EU goods imports experienced a less steep decline, with only a 1% drop in volumes.