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- UK's trade balance deficit increased sharply
UK's trade balance deficit increased sharply
The UK's deficit on trade in goods and services was estimated to have been £5.1 billion in June 2016, a widening of £0.9 billion from May 2016. Exports increased by £1.0 billion and imports increased by £1.9 billion. Imports reached a record high of £48.9 billion.
The deficit on trade in goods was £12.4 billion in June 2016, widening by £0.9 billion from May 2016. This widening reflected an increase in exports of £1.0 billion to £24.6 billion and an increase in imports of £1.8 billion to £37.0 billion.
Between Quarter 1 (January to March) 2016 and Quarter 2 (April to June) 2016, the total trade deficit for goods and services widened by £0.4 billion to £12.5 billion.
Between Quarter 1 2016 and Quarter 2 2016 the deficit on trade in goods widened by £0.1 billion to a deficit of £34.4 billion. Exports increased by £4.1 billion (5.8%) and imports increased by £4.1 billion (4.0%).
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