"Figure 8: The UK posted a trade surplus of 1.4% of nominal GDP in Quarter 4 2019, though the trade balance was in deficit excluding precious metals","" "UK, Quarter 1 (Jan to Mar) 2018 to Quarter 4 (Oct to Dec) 2019","" "","" "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. The trade balance is calculated using current price estimates of GDP and net trade. " "Unit","%" "","" "","Trade balance including precious metals","Trade balance excluding precious metals","Trade balance excluding precious metals and balancing adjustments" "2018 Q1","-1.1","-1.0","-1.0" "2018 Q2","-1.3","-1.0","-1.1" "2018 Q3","-1.2","-1.0","-1.0" "2018 Q4","-2.0","-2.0","-2.0" "2019 Q1","-4.0","-2.0","-2.1" "2019 Q2","-1.6","-1.3","-1.3" "2019 Q3","-0.6","-0.4","-0.1" "2019 Q4","1.4","-0.6","0.2"