"Figure 9: Following a trade deficit in Quarter 1 2020, the UK posted a trade surplus of 4.0% of GDP in the second quarter","" "UK, Quarter 1 (Jan to Mar) 2019 to Quarter 2 (Apr to June) 2020","" "","" "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 as a % of nominal GDP","Trade balance excl precious metals as a % of nominal GDP" "2019 Q1","-4","-2" "2019 Q2","-1.4","-1.2" "2019 Q3","-0.4","-0.2" "2019 Q4","1.5","-0.6" "2020 Q1","-0.2","0" "2020 Q2","4","1.9"