UK Trade Deficit With EU Hits Record as Brexit Curtails Exports

The UK’s trade deficit with the European Union widened to a record in the final quarter of 2022 as imports from the bloc jumped.

The shortfall in the balance of trade in goods ballooned to £32.9 billion ($39.9 billion) in the three months to December, according to official data, the largest gap since records began in 1997.

It came as imports from the EU, excluding precious metals, hit a record high of £82 billion, the Office for National Statistics data showed Friday. Exports were £49.2 billion.

Goods imports increased by £1.6 billion or 2.9% in December, while exports decreased ...