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Chart of the Day: UK Trade Balance in Commodities
Geoff Riley
4th April 2008
The UK is now a net importer of all types of commodity. For nearly thirty years we have been a net exporter of oil but this has now come to an end with the long-term decline in North Sea crude oil output. The monthly deficit in finished manufactured goods has more than doubled since 2000.
PowerPoint Chart Commodity_Trade_UK.ppt
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.