FXstreet.com (Barcelona) - UK deficit in goods and services trade has narrowed in December to its lowest level since July 2007, as exports to noon-EU countries posted a considerable pick up, according to data released by National Statistics.
December's trade deficit has narrowed to GBP 7.4 billion, from downwardly revised GBP8.1 billion in November, previously estimated as a GBP8.3 billion deficit.
Goods trade deficit has dropped to GBP3.6 billion in December, from GBP 4.0 billion in November, also revised down from GBP4.5 billion previously estimated.
Exports of goods to non-EU countries have increased 5% while exports to EU countries have fallen 3%. Imports from EU countries dropped 0.5% while imports from non-EU countries have posted a 4.5% decline in December.