Economic Buzz: UK's exports rise 2.2% in May, imports up 1.2%

According to the Office for National Statistics, UK's value of goods imports increased by ?0.6 billion (1.2%) in May 2025, with a rise in imports from both EU and non-EU countries.

The value of goods exports increased by ?0.6 billion (2.2%) in May 2025, with an increase in exports to both EU and non-EU countries.

Exports of goods to the United States, including precious metals, rose by ?0.3 billion in May 2025 following a substantial decrease the previous month, and remained relatively low.

The total goods and services trade deficit widened by ?6.7 billion to ?13.2 billion in the three months to May 2025, because of a large rise in goods imports and a fall in goods exports.

The trade in goods deficit widened by ?6.1 billion to ?61.0 billion in the three months to May 2025, while the trade in services surplus is estimated to have narrowed by ?0.6 billion to ?47.8 billion.

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