cheapbag214s
Joined: 27 Jun 2013
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Posted: Mon 11:38, 25 Nov 2013 Post subject: due largely to a decline in imports |
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Britain's trade gap narrows with decline in energy imports
LONDON, May 10 () -- Britain's Office for National Statistics said the national trade gap for goods narrowed slightly from $14.08 billion in February to $13.9 billion in March.The decline was in line with forecasts with the gap shrinking despite a slightly larger trade gap in oils and other fuels.ONS said the larger trade gap in petroleum products was a return to more normal levels after a smaller-than-average gap in January and February.Exports of goods in the first quarter of the year rose by 1 percent, while imports were "virtually unchanged," the statistics office said.Through the first period, the gap in energy products allow narrowed by $3.7 billion, due largely to a decline in imports, ONS said.
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