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UK trade deficit narrows in November

Staff Writer |
The UK trade deficit narrowed by GBP 0.13 billion to GBP 2.90 billion in November 2018 from a downwardly revised GBP 3.04 billion in the previous month.

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Exports of goods and services from the UK increased 0.4 percent to an all-time high of GBP 53.95 billion in November 2018 from GBP 53.75 billion in the previous month, due to sales of services (1.2 percent) while goods exports fell (-0.3 percent).

Imports of goods and services to the UK edged up 0.1 percent to GBP 56.86 billion in November 2018 from GBP 56.79 billion in the previous month. The slight increase was driven by a 0.5 percent advance in purchases of services, while goods imports were unchanged.


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