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U.K.Economy: 
UK Trade Deficit Narrows in March
Author: 123jump.com Staff
123jump.com
Last Update: 9:04 AM EDT May 12 2008


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The UK’s deficit on trade in goods and services is provisionally estimated to have narrowed in March to £4.0 billion from a deficit of £4.3 billion in February.

 
GEOGRAPHICAL ANALYSIS OF TRADE IN GOODS: in first quarter 2008

Exports by country

Within the G7 group of countries, exports to Germany rose by £0.6 billion, and to the USA by £0.3 billion. Exports to France fell by £0.4 billion and to Canada fell by £0.1 billion. Among other countries, exports to Hong Kong, the Irish Republic and the Netherlands all rose by £0.3 billion. Exports to Spain rose by £0.2 billion, and to China and Russia both rose by £0.1 billion. Exports to Norway, Switzerland and India all fell by £0.1 billion.

Imports by country

Within the G7 group of countries, imports from the USA fell by £0.4 billion, and imports from Canada fell by £0.1 billion. Imports from Germany rose by £0.6 billion. Among our other trading partners, imports from Norway rose by £0.9 billion. Imports from the Netherlands, Sweden and China all rose by £0.3 billion. Imports from the Irish Republic and from Russia both rose £0.2 billion, and from Turkey and Hungary both rose by £0.1 billion. Imports from Belgium and Luxembourg, Singapore and Australia all fell by £0.2 billion.

TRADE IN SERVICES – MARCH

The UK''s surplus on trade in services was £3.4 billion, compared with £3.3 billion in February. In the first quarter, the surplus on trade in services was £9.6 billion, compared with £10.1 billion in the previous quarter. Exports of services rose by less than £0.1 billion to £35.3 billion and imports of services rose by £0.7 billion to £25.8 billion.


Available at:

http://www.statistics.gov.uk/pdfdir/trd0508.pdf
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