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Investing.com -- The UK’s total goods and services trade deficit expanded by £6.7 billion in the three months to May, reaching £13.2 billion, according to data from the Office for National Statistics (ONS).
In May, UK exports to the United States increased by £300 million, recovering from a significant decline in April that occurred during a period of tariff disruption.
The ONS attributed this export growth to an increase in chemical shipments.
At the same time, imports from the US decreased by £900 million in May.
This reduction was primarily due to lower imports of oil and gas, as well as ships and aircraft.
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