Economic Buzz: UK exports decline 8.8% in April

According to the Office for National Statistics, UK's value of goods exports decreased by ?2.7 billion (8.8%) in April 2025, with falls in exports to both the EU and non-EU countries.

Exports of goods to the United States fell by ?2.0 billion in April 2025, likely linked to the implementation of tariffs on goods imported to the United States.

The value of goods imports remained stable in April 2025 as a rise in imports from the EU was offset by a fall in imports from non-EU countries.

The total goods and services trade deficit widened by ?4.9 billion to ?11.5 billion in the three months to April 2025, because of a larger rise in imports than exports.

The trade in goods deficit widened by ?4.4 billion to ?60.0 billion in the three months to April 2025, while the trade in services surplus is estimated to have narrowed by ?0.5 billion to ?48.5 billion.

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