U.K. Trade Gap With EU Widens
LONDON, Sept. 13 (UPI) — U.K. exports to EU members in July fell by 1.2 percent from June and imports rose 2.8 percent, the Office of National Statistics said Tuesday.
Exports of goods to EU members totaled $20.85 billion in the month, while imports reached $26.7 billion, creating a trade deficit for the month of $6.15 billion.
While the trade gap grew month-to-month, from July 2010 the trade gap has narrowed. Exports over 12 months rose by $3.5 billion in July, while imports rose by $2.8 billion.
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