UK trade deficit narrows to $10.79 billion in the second quarter
An official report confirmed on Thursday that the UK’s external trade deficit narrowed in the second quarter of this year, falling from £9.1 billion ($12.28 billion) to £8 billion ($10.79 billion). The report, issued by
Translated by Qiyas from الجريدة — Original source
An official report confirmed on Thursday that the UK’s external trade deficit narrowed in the second quarter of this year, falling from £9.1 billion ($12.28 billion) to £8 billion ($10.79 billion).
The report, issued by the Office for National Statistics (ONS), stated that the UK’s total imports of goods and services rose by £900 million ($1.21 billion) compared with the first quarter of the year, reaching £251.4 billion ($339.27 billion) by the end of the three months to June.
The report clarified that total exports rose by £2 billion ($2.69 billion) over the same period, bringing the total value of goods and services exports to £243.4 billion ($328.48 billion).
