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UK trade deficit narrows in April

The U.K.'s trade deficit narrowed to £2.1 billion in April as imports of goods decreased during the month, according to the Office for National Statistics.

Imports decreased by 3.5% in the month to £51.9 billion, led by the decline in imports of mechanical machinery and oil from non-EU countries and cars from EU countries. Imports of these commodities increased in the previous month.

Export prices fell by 1.1% and import prices decreased by 0.9% in April, compared with March.

In the three months ending April, the total trade deficit widened by £1.7 billion to £8.6 billion due to a decrease in exports of services and an increase in imports of aircraft, cars and chemicals.

The trade deficit for the first quarter was revised down by £1.3 billion to £9.3 billion.