Explained in plain English
What is a trade surplus?
A trade surplus happens when a country exports more goods and services than it imports, bringing in more money than it sends out. Our story shows the UK aerospace and defence sectors are big contributors, with exports making up 45% of their total turnover, helping the UK achieve a trade surplus in these areas.
Stories that explain this
UK aerospace and defence added £46.8bn to economy last yearQuestions this opens up
What is a trade deficit? Why do countries trade? How do exports help economies?This explainer came from a news story
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