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UK trade deficit narrowed in November 2012 largely due to exports having risen more than imports, official figures have shown.
The seasonally-adjusted deficit on goods and services totalled £3.5bn in November, compared with £3.7bn in October.
The rise in exports was led by chemicals, which edged up by £446m. The UK’s total goods exports increased by 2.9% to £24.8bn, while imports rose by 1.1% to £34bn.
The UK’s export and import of services in November remained unchanged. Services exports were valued at £15.5bn, while imports totalled £9.8bn.
A full report is available on the Office for National Statistics website at www.ons.gov.uk
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