News
Trade deficit shows slight downturn
Jan 10 2013
UK trade deficit narrowed in November 2012 largely due to exports having risen more than imports, official figures have shown.
The seasonally-adjusted deficit on goods and services totalled £3.5bn in November, compared with £3.7bn in October.
The rise in exports was led by chemicals, which edged up by £446m. The UK’s total goods exports increased by 2.9% to £24.8bn, while imports rose by 1.1% to £34bn.
The UK’s export and import of services in November remained unchanged. Services exports were valued at £15.5bn, while imports totalled £9.8bn.
A full report is available on the Office for National Statistics website at www.ons.gov.uk
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