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Europe Economy: 
UK Trade Deficit Narrows in June
Author: 123jump.com Staff
123jump.com
Last Update: 3:19 PM EST August 09 2007

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[[The following is an unedited transcript of the news release from the UK National Statistics.]] The UK’s deficit on trade in goods and services is provisionally estimated to have narrowed in June to £3.6 billion, from a deficit of £3.7 billion in May. In second quarter, the deficit on trade in goods and services narrowed to £11.7 billion, from an £12.3 billion deficit in the previous quarter.

 
Imports by country

Within the G7 group of countries, imports from France fell by £0.4 billion, and imports from Japan fell by £0.1 billion. Imports from Canada rose by £0.3 billion, and from Germany by £0.2 billion. Among our other trading partners, imports from China fell by £0.3 billion. Imports from Denmark, Singapore and Hong Kong all fell by £0.2 billion. Imports from both Russia and the Netherlands rose by £0.3 billion. Imports from India rose by £0.1 billion.

TRADE IN SERVICES – JUNE

The UK''s surplus on trade in services was £2.7 billion, unchanged compared with May. In second quarter, the surplus on trade in services was £8.2 billion, compared with £8.5 billion in the previous quarter. Exports of services rose £0.1 billion to £32.5 billion and imports of services rose £0.5 billion to £24.3 billion.


Available at:

http://www.statistics.gov.uk/pdfdir/uktrd0807.pdf
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