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<p> </p><p>Between April and May 2014, the Office of National Statistics have reported
that the total UK trade deficit widened from £2.1bn in April to £2.4bn in May. This
£0.4bn<sup>1</sup> increase was driven by a £0.2bn increase in total exports while
imports increased more, by £0.6bn. Goods exports increased by £0.1bn while goods imports
increased by £0.5bn - more than service exports and imports which both increased by
less than £0.1bn.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p>Monthly trade data
are often volatile and usually subject to revisions in later months. On a less volatile
basis, in 2013 the total trade deficit decreased by £4.9bn to £28.5bn from £33.4bn
in 2012. This was driven by a £10.4bn increase in total exports while imports rose
by only £5.4bn over the same period.</p><p> </p><p> </p><p>Between April and May 2014,
the ONS have reported that the total UK trade deficit widened from £2.1bn in April
to £2.4bn in May. This £0.4bn<sup>1</sup> increase was driven by a £0.2bn increase
in total exports while imports increased more, by £0.6bn. Goods exports increased
by £0.1bn while goods imports increased by £0.5bn - more than service exports and
imports which both increased by less than £0.1bn.</p><p> </p><p> </p><p>Monthly trade
data are often volatile and usually subject to revisions in later months. On a less
volatile basis, in 2013 the total trade deficit decreased by £4.9bn to £28.5bn from
£33.4bn in 2012. This was driven by a £10.4bn increase in total exports while imports
rose by only £5.4bn over the same period.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p>
</p><p> </p><p> </p><p> </p><p><em>1 The £0.4bn increase is higher than the difference
between the two deficits due to rounding.</em></p><p> </p><p> </p>
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