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May 11, 2017UK TRADE BALANCE MARCH 2017 UK import and export trade is a main contributor to the overall economic growth of the UK.
In March 2017,
- the UK deficit in the UK goods and services balance of trade was increased £2.3 billion to £4.9 billion from February 2017.
- the increase of the trade in goods deficit was mainly due to the small increase in exports of goods and services (+£0.6 billion) over the larger increase in imports of goods and services (+£2.9 billion).
Quotes:
"... the latest trade data show that the total trade deficit widened by £2.3 billion in March compared with February, with growth in import values (5.6%) greater than growth in export values (1.3%)"...
Source: UK Office for National Statistics, Statistical Bulletin | Short term Indicators
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