"Figure 7: Excluding non-monetary gold, the UK’s trade balance was negative 3.8% of nominal gross domestic product (GDP) in Quarter 3 (July to Sept) 2022","" "UK, 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","Percentage (%)" "","" "","Including non monetary gold (%) ","Excluding non monetary gold (%)" "2019 Q1","-4.9","-3" "2019 Q2","-2.2","-2" "2019 Q3","-1","-0.8" "2019 Q4","1.6","-0.5" "2020 Q1","0.5","0.6" "2020 Q2","4.3","2.4" "2020 Q3","-0.1","-0.1" "2020 Q4","-2.8","-1.5" "2021 Q1","-0.8","0.7" "2021 Q2","0.4","0.2" "2021 Q3","-2.6","-2.1" "2021 Q4","-0.2","-0.8" "2022 Q1","-5.4","-4.2" "2022 Q2","-4.2","-4" "2022 Q3","-2","-3.8"