UK trade figures out this morning showed that despite a poor month of trading in July, the trade deficit almost halved between the quarter to April and the quarter to July (from £8.9bn to £4.7bn) after a strong summer for UK trade generally.
Chart of the Week: Week 38, 2014: UK Trade Balance
Last week it was reported that the UK’s balance of trade deficit increased to an estimated £3.3bn in July, compared to £2.4bn the previous month.
Chart of the Week: Week 27, 2014: UK Trade Balance
Trade deficit statistics have been even more volatile than usual recently, but the UK’s trade balance looks like it has been improving slowly.
Chart of the Week: Week 15, 2014: UK Trade
This morning, official trade statistics were released for 2013, which included details on the top import and export markets for the UK, and what commodities are traded.