Britain's trade deficit widened in July
September 10 , 2014
Britain saw a greater increase in imports than exports, widening the trade deficit, in July, official data has revealed.
From £9.4bn in June the goods’ trade deficit unexpectedly increased to £10.2bn. The deficit for trade in goods and services also increased from £2.5bn to £3.3bn in the same period.
While the hike in imports was driven by chemicals, fuel and aircraft, the increase in exports was mainly linked to the oil and pharmaceutical sectors.