UK trade deficit narrows in November

Cargo containers being unloaded UK exports posted an increase

The UK's trade deficit narrowed in November, as exports rose more than imports, official figures have shown.

The seasonally-adjusted deficit on goods and services totalled £3.5bn in November, compared with £3.7bn in October.

Led by chemical sales, the UK's total goods exports increased by 2.9% to £24.8bn, while imports rose by 1.1% to £34bn.

The UK's export and import of services in November remained unchanged.

Services exports were valued at £15.5bn, while imports totalled £9.8bn.

Economist Amit Kara of bank UBS said UK exports remained subdued.

"The trade numbers are a little bit better than last month, but the big picture is broadly flat," he said.

"There is some improvement in exports, but in order to see the economy rebalance and generate anywhere near trend-like growth, we need much better data over the next few months."

Mr Kara added that the economic weakness on the continent continued to have an impact on UK exports.

"Our own view is that the eurozone will continue to disappoint, therefore all the [economic recovery] heavy lifting will have to be done by the UK consumer," he said.

More on This Story

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features & Analysis

Elsewhere on the BBC

  • MouseEscape the rat race

    Burnt out? Meet the workers who took more than a vacation - and changed their lives

Programmes

  • (File photo) A man dressed as Father Christmas with a sleigh and a reindeer Click Watch

    A website which tracks Father Christmas, plus other sites and apps to keep you entertained

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.