UK visible trade deficit narrowed to 7057 million pounds in January compared with the prior deficit of 9247 million pounds which was revised to 9686 million pounds deficit, while analysts expected the deficit to narrow to 8500 million pounds.

Trade balance non EU also showed narrowed deficit to 4173 million pounds from the revised 5816 million pounds which was 5817 million pounds, yet economists predicted the deficit to decline to 5150 million pounds.

Total trade shortfall declined to 2950 million pounds from December's deficit of 4831 million pounds after it was revised up to 5475 million pounds deficit, which is better than forecasts of 4000 million pounds deficit.