"Figure 9: The UK's trade deficit for goods and services improved in Quarter 3 2022","" "UK, trade balance as a percentage of nominal GDP, excluding non-monetary gold, Quarter 1 (Jan to Mar) 2019 to Quarter 3 (July to Sept) 2022","" "","" "Notes","1. Q1 refers to Quarter 1 (Jan to Mar), Q2 refers to Quarter 2 (Apr to June), Q3 refers to Quarter 3 (July to Sept) and Q4 refers to Quarter 4 (Oct to Dec). 2. [Non-monetary gold](https://www.ons.gov.uk/economy/nationalaccounts/uksectoraccounts/articles/nationalaccountsarticles/abriefexplanationofnonmonetarygoldinnationalaccounts) (NMG) is an erratic series and so it can be useful to consider this excluded from the trade balance." "Unit","%" "","" "","Quarterly national accounts","First quarterly estimate" "2019Q1","-3.0","-3.0" "2019Q2","-2.0","-2.0" "2019Q3","-0.8","-0.8" "2019Q4","-0.5","-0.5" "2020Q1","0.6","0.6" "2020Q2","2.4","2.4" "2020Q3","-0.1","-0.1" "2020Q4","-1.5","-1.5" "2021Q1","0.4","0.7" "2021Q2","-0.3","0.2" "2021Q3","-2.3","-2.1" "2021Q4","-1.6","-0.8" "2022Q1","-4.2","-4.2" "2022Q2","-4.6","-4.0" "2022Q3","-3.8","-3.8"