Britain’s Trade Deficit Narrows
TradingEconomics.com, Bloomberg.com  |  11/11/2008 5:10:33 AM


Britain’s trade deficit is estimated to have narrowed in September to £3.9bn, while the August shortfall was revised downward to £4.4bn, according to data from the Office for National Statistics.

The ONS said that the latest estimate of the trend in recent months is that it has been flat, although it noted that due to several factors, initial estimates like the one issued on Tuesday may be less reliable than normal and these factors make interpretations of short term movements difficult.

In September, total exports of goods rose by 3 per cent to £21.9bn and total imports rose much by a much smaller margin of 0.5 per cent, equal to £29.3bn.

Excluding oil and other goods where prices fluctuate significantly, provisional estimates show that export volumes in the third quarter to September rose by 1.0 per cent while imports rose by 0.5 per cent compared with the previous quarter.

September’s provisional estimates show that export prices fell by 0.5 per cent for the month while import prices rose by 0.5 per cent from August.

In the third quarter, all the main commodity groups showed a rise in export volume except for those in the categories of finished manufactures and basic materials. Among imports, all the main commodity groups showed a rise in volume except for food, drink and tobacco.

ARCHIVE
United Kingdom Trade Deficit Narrows in March
Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £3.1 billion in March, compared with a deficit of £3.4 billion in February. There was a deficit of £9.1 billion on goods, partly offset by an estimated surplus of £5.9 billion on services. 2013-05-10

U.K. Trade Deficit Widens in October 2012
The United Kingdom’s deficit on trade in goods and services widened to £3.6 billion in October, up from £2.5 billion in August. 2012-12-06

U.K. Trade Deficit Widens in February
According to the Office for National Statistics, UK’s deficit on trade in goods and services was estimated to have been £3.6 billion in February, compared with a deficit of £2.5 billion in January. There was a deficit of £9.4 billion on goods, partly offset by an estimated surplus of £5.8 billion on services. 2013-04-09

U.K. Trade Deficit Narrows in September 2012
The United Kingdom’s deficit on trade in goods and services narrowed to £2.7 billion in September, up from £4.2 billion in August. 2012-11-09

United Kingdom Trade Deficit Narrows in January
Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £2.4 billion in January, compared with a deficit of £2.8 billion in December. Lowest value of goods imports since April 2011. 2013-03-12

U.K. Trade Deficit Widens in August 2012
The United Kingdom’s deficit on trade in goods and services widened to £4.2 billion in August, up from £1.7 billion in July. 2012-10-09

United Kingdom Trade Deficit Widens in 2012
Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £3.2 billion in December, compared with a deficit of £3.6 billion in November. However, despite erratic changes in the deficit over the last 12 months, the level across that period has remained largely flat. 2013-02-07

U.K. Trade Deficit Narrows in July 2012
The United Kingdom's deficit in Trade in Goods and Services narrowed to £1.5 billion in July, down from £4.3 billion in June. 2012-09-11

U.K. Trade Deficit Narrows in November 2012
Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £3.5 billion in November, compared with a deficit of £3.7 billion in October. 2013-01-09

U.K. Trade Deficit Widens in June
The UK’s deficit on trade in goods and services increased to £4.3 billion in June, up £1.6 billion from £2.7 billion in May. 2012-08-09












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