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    U.K. trade deficit in goods narrows to £8.56 billion in April

     

    The U.K. Office for National Statistics (ONS) released trade data for the U.K. on Tuesday. The U.K. trade deficit in goods narrowed to £8.56 billion in April from £10.7 billion in March.

     

     

    March's figure was revised down from a deficit of £10.12 billion.

     

     

    The decline in the trade deficit was driven by a drop in imports. Imports dropped by 4.8% in April, while exports of goods rose 2.8%.

     

     

    Sales to non-European Union countries jumped 4.7% in April.

     

     

    Exports to the European Union countries increased 0.5% in April, while imports plunged 4.1%.

     

     

    The total trade deficit, including services, narrowed to £1.202 billion in April from £3.093 billion in March. It was the lowest total trade deficit since March 2014.

     

     

    March's figure was revised down from a deficit of £2.817 billion.


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