UK Trade Deficit Narrows in April

he UK trade deficit narrowed to £1.2bn in April from £3.1bn in March, the Office for National Statistics said.
An £8.6bn deficit on goods was partially offset by an estimated surplus of £7.4bn on services, it said.

The ONS added that in the quarter to April, exports were flat after 0.3% growth in the first quarter, but imports were up 2.1%, the same as in the three months to March.

UK exporters have struggled in the face of weak demand in the eurozone.
Part of the deficit dip was down to a fall in imports of art and furniture, said the ONS. Another factor was less oil being imported.

Last year, companies began stockpiling oil as the price of the commodity collapsed.

via BBC

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