Trade activity in March 2014 reported a deficit of £ 1.3bn compared with February's deficit of £1.7bn. The figure of £1.3bn is a result of a deficit of £8.5bn in trade in goods and a surplus of £7.2bn in trade in services.
Exports increased by 4.9% and imports by 2.8% between February and March 2014. The increase in exports to £24.6bn was due to increases in the export of finished manufactures, jewellery and cars. The increase in imports to £33.1bn was mainly due to an increase in the import of aircraft.
The quarterly comparison for Q1 2014 shows a decrease of 3.7% to £72bn in the export of goods and of 2.8% to £98.7bn in imports.
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