Charles - the trade deficit rose in Q2 to 28.3 mld.GBP
Exports declined in Q2 by 4.8% and imports decreased by 0.5%. Of this, exports in June declined by 8.4% and imports by 1.2%.
Slowdown in exports is primarily attributed to cooling of the global economic recession led in Europe.
Exports to Germany declined QoQ in 2Q 525 mil.GBP, exports to the Netherlands fell by 819 mil.GBP, exports to the U.S. fell by 428 mil.GBP. In most categories decreased exports of chemicals and cars.
The trade deficit with the EU in June expanded by nearly 500 miles of the resulting 4.94 mld.GBP.
The British pound this year, appreciating by 3.4% on a commercial basis and 5.4% against the euro.
In Great Britain the balance of services has created a surplus in June mld.GBP 5.81, which reduced the overall balance of the resulting deficit of $ 4.31 mld.GBP.
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