Monday, 11 November 2013

UK Record Trade Deficit With EU

The latest UK trade figures were recently published by the ONS. The UK deficit on trade in goods and services in September 2013 was estimated to have been £3.3bn the same as it was in August. The figure is made up of a deficit of £9.8bn on goods and a surplus of £6.5bn on services.

Exports of goods to EU countries decreased by £0.3bn in September while imports increased by £0.4bn. Overall trade in goods with the EU has reached an record deficit of £6bn.

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