facebook
twitter
rss
account
search
search
 

Britain's trade gap narrows

May 10, 2013 at 9:30 AM   |   Comments

LONDON, May 10 (UPI) -- Britain's Office for National Statistics said the national trade gap for goods narrowed slightly from $14.08 billion in February to $13.9 billion in March.

The decline was in line with forecasts with the gap shrinking despite a slightly larger trade gap in oils and other fuels.

ONS said the larger trade gap in petroleum products was a return to more normal levels after a smaller-than-average gap in January and February.

Exports of goods in the first quarter of the year rose by 1 percent, while imports were "virtually unchanged," the statistics office said.

Through the first period, the gap in energy products allow narrowed by $3.7 billion, due largely to a decline in imports, ONS said.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Boeing announces job relocations, business unit consolidation Boeing announces job relocations, business unit consolidation
2
IS oil smugglers will feel wrath, Kurdish leader says IS oil smugglers will feel wrath, Kurdish leader says
3
Outrage over FERC decision on LNG exports Outrage over FERC decision on LNG exports
4
Thales to research next-gen active radar antenna Thales to research next-gen active radar antenna
5
Thailand requests FMS sale of Lakota helicopters Thailand requests FMS sale of Lakota helicopters
Trending News
x
Feedback