"Figure 9: Following a trade surplus of 3.6% of GDP in the second quarter, the UK’s trade surplus narrowed to 0.9% of GDP in Quarter 3 2020","" "UK, Quarter 1 (Jan to Mar) 2019 to Quarter 3 (July to Sept) 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 % of GDP incl precious metals","Trade balance as a % of GDP excl precious metals" "2019 Q1","-4.1","-2.1" "2019 Q2","-1.5","-3.2" "2019 Q3","-0.6","-0.6" "2019 Q4","0.6","-1.7" "2020 Q1","0.1","2.5" "2020 Q2","3.6","1.3" "2020 Q3","0.9","2.5"