Trade
UK Trade Deficit Narrows With Jump in Car and Aircraft Exports
- Falling natural gas prices also helped reduce the deficit
- Exports to the EU fell for a fourth consecutive month
Cars waiting for export on the dockside at The Port of Liverpool.
Photographer: Christopher Furlong/Getty Images
This article is for subscribers only.
Britain’s trade deficit narrowed sharply after a slump in natural gas prices reduced import costs and a flurry of exports of aircraft and cars.
The deficit in goods and services trade fell by £6.5 billion ($7.9 billion) to £20.2 billion in the three months to November. Exports to the European Union were hit again in the wake of Britain’s exit from the bloc.