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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.

Read more: 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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