Blog
Timetric: Trade Balance in Manufactured Goods
5th March 2011
The long term widening of the trade deficit in manufactured goods is demonstrated in this chart from Timetric. The data can prompt a discussion about the short term and medium term causes of this structural trade deficit. In the second chart below we track the value of exports and imports of manufactures on a monthly basis to show that the overall value of trade has grow significantly over the years even though the trade gap has widened.
Trade Balance in Manufactured Goods
Data from Timetric.
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United Kingdom from Timetric
Monthly value of exports and imports of manufactured goods
Data from Timetric.
To view this graph, please install Adobe Flash Player.
United Kingdom from Timetric
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.