The U.K. Office for National Statistics (ONS) released trade data on Friday. The U.K. trade deficit in goods narrowed to £10.1 billion in March from £10.8 billion in February.

February's figure was revised down from a deficit of £10.3 billion.

The trade deficit fell as exports rose, while imports declined. Exports of goods climbed by 1.4% in March, while imports declined by 1.0%.

The deficit in trade in goods in the first quarter period rose to £29.9 billion from 29.1 billion pounds in the fourth quarter of 2014.

In the first quarter, exports dropped 3.6%, while imports declined 1.9%.

The total trade deficit, including services, narrowed to £2.82 billion in March from £3.32 billion in February. February's figure was revised down from a deficit of £2.86 billion.