UK exports rebound as import values hit record level

Tue, 05/15/2012 - 05:42 EDT - Telegraph

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Britain's goods trade deficit stayed largely unchanged in March despite a rebound in exports to countries outside the European Union as overall import values also grew to a record level, data showed on Tuesday.

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Initial Claims Lowest Since Jan 2008 Levels; Import Plunge Leads To Much Lower Trade Deficit
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Trade deficits in Canada and the United ballooned in November as falling exports to the ailing eurozone hit both countries Canada’s trade deficit unexpectedly jumped to $1.96 billion from $552 million in October as imports rose and exports fell, Statistics Canada data indicated on Friday. The deficit, the fourth-largest on record, was much greater than the $600 million shortfall analysts had expected and reflects the problems of exporters faced with weak markets and a strong Canadian dollar.
One-way trade
Project Merlin and the banks have drowned out both today's trade figures, and the business secretary's white paper on boosting UK exports. That is probably just as well. The figures underline how difficult it will be for that White Paper to deliver. The new data show the trade deficit for 2010 was a record £46.2bn, up from £30.0bn in 2009. As a share of the economy, the goods deficit - at around 6.7 per cent of national income - was also higher than it has ever been.
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Britain's trade-in-goods deficit widened in January, official data showed on Tuesday, even as exports to non-EU countries hit a record high level amid the ongoing debt crisis in the eurozone.The deficit grew to £7.5 billion (8.9 billion euros, $11.7 billion), the Office for National Statistics (ONS) said in a statement. That compared with a shortfall of £7.2 billion in December.Market expectations had been for a larger deficit of £7.9 billion in January, according to analysts polled by Dow Jones Newswires.
US April Trade Deficit Rises But Less Than Expected
Following April's surprising drop in crude imports which led to a multi-year low in the March trade balance (revised to -$37.1 billion), the just released April data showed an 8.5% jump in the deficit to $40.3 billion, if modestly better than the expected $41.1 billion. This was driven by a $2.2 billion increase in exports to $185.2 billion offset by a more than double sequential jump in imports by $5.4 billion, to $222.3 billion.
Britain's trade deficit as worrying as its budget deficit | Larry Elliott
US Trade Deficit Widens; Ignorant Hysteria Predictably Ensues
The Obama administration today announced May's trade numbers:
Rise in exports to US and non-EU countries narrows trade deficit
Britain's official trade deficit at record high
Britain's trade-in-goods deficit hit a record high level in November, as the impact of surging oil imports outweighed booming exports, official data showed on Wednesday.The deficit expanded to £8.7 billion (10.5 billion euros, $13.6 billion) in November, compared with a upwardly-revised deficit of £8.6 billion in October, the Office for National Statistics said in a statement.The November figure was worse than market expectations for a smaller shortfall of £8.3 billion, according to analysts polled by Dow Jones Newswires.

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UK exports rebound as import values hit record level

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