"Figure 9: The UK posted a trade surplus of 1.1% of nominal GDP in Quarter 4 2019, though the trade balance was in deficit excluding precious metals","" "UK, Quarter 1 (Jan to Mar) 2017 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" "2017 Q1 ","-1.4","-1.5" "2017 Q2 ","-1.1","-1.1" "2017 Q3 ","-1.1","-1.1" "2017 Q4","-1.1","-1" "2018 Q1","-1.1","-1" "2018 Q2","-1.3","-1.1" "2018 Q3","-1.2","-1" "2018 Q4","-2","-2" "2019 Q1","-4.2","-2.2" "2019 Q2","-1.6","-1.4" "2019 Q3","-0.6","-0.5" "2019 Q4","1.1","-1.2"