The ONS said the
trade gap was helped by a rise in the export of ships and fuel, which both stepped up by PS500m.
The overall
trade gap - which was described by one expert as "truly horrible" - was blamed on the weakening global economy denting demand for British-made goods overseas.
News of the wider
trade gap with China came ahead of Obama's two-day informal summit with Chinese President Xi Jinping that begins Friday in California.
Despite the impressive performance so far, the pace of narrower
trade gap is slowing.
In the second quarter of 2012 as a whole, the
trade gap increased to GBP11.
A narrower
trade gap is positive for US economic growth because it suggests a greater share of domestic demand is being met by producers in the US.
A major factor for the increase in the current account balance was the lower
trade gap recorded in the period, which contracted by 865.
Meanwhile, Joint Secretary Commerce Rehmatullah Khan told that during the upcoming discussions on FTA, efforts would be made to minimize the
trade gap between the two countries.
THE UK goods
trade gap with the rest of the world failed to narrow in April during a month impacted by Iceland's volcanic ash cloudy.
6% decline in imports - leaving the UK's goods
trade gap with the rest of the world widening from pounds 7nn to pounds 8bn in January.
READING Ken Tyrell's book, Working at Massey's, he talks about how eagerly we noted the monthly
Trade Gap report, as that was the means by which we rated our place in international trade leagues.
WASHINGTON: The number of US workers filing new claims for jobless benefits rose more than expected last week, but a surprise narrowing in the
trade gap in October indicated the economy remained firmly on a steady growth path.
