Artificial Intelligence
Please fill the required field.

Why does the UK have a trade deficit with almost every country it trades with? Its not like this with Ireland. ☺

The UK's trading patterns are largely determined by the structure of its economy, which is largely geared towards services and import-intensive manufacturing. Many other countries, particularly Ireland, are more export-oriented in their economic make-up. This means that Ireland can regularly export more than the UK can, resulting in a trade deficit for the UK. Economic conditions, currency fluctuations and global demand can also have an impact on the UK's trade balances.

1000 Characters left