U.K. EXPORT TRADE
Record Set Last Month
LONDON, June 13.
Britain’s trade gap—the excess of imports over exports—dropped to £1,500,000 in May, according to provisional figures issued today by the Board of Trade. The figure for April was £39 million.
The May trade deficit was the unallest ever recorded. Exports in May reached the alltime record of £299,200,000 or £3.500.000 more than in April. Imports totalled £310,900,000, or £35 million less than the previous month. Re-exports, at £10.200.000, were down by £1.000,000.
Exports for the months of April and May together were 13 per cent, above the rate for the first quarter of the year, and 9 per cent, above the corresponding months of 1958. Imports in the two months were 4| per cent, above the rate for the first quarter, and 7 per cent above the corresponding months a year ago.
Last month’s export record just beat the previous record, in May, 1957. by about £lOO,OOO.
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Bibliographic details
Press, Volume XCVIII, Issue 28921, 15 June 1959, Page 11
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157U.K. EXPORT TRADE Press, Volume XCVIII, Issue 28921, 15 June 1959, Page 11
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