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UK trade deficit continues to shrink
13 April 2011
The UK’s trade deficit fell to £6.8 billion ($11.1 billion) in February due to a rise of 1.3% in exports.
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UK trade
UK exports
Barclays trade finance
The UK’s trade deficit shrank by more than anticipated in February as a result of exports, which hit a record high for the second consecutive month.
According to figures from the Office for National Statistics, the deficit in goods - the difference between goods imported and exported – fell to £6.8 billion ($11.1 billion) in February from £7.8 billion in January.
This was due to a rise of 1.3% in exports, which...
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