Economic Buzz: UK's trade deficit widens due to larger imports in Q2

According to the Office for National Statistics, UK's value of goods imports decreased by ?1.7 billion (3.4%) in June 2025, because of falls in imports from both EU and non-EU countries.

Meanwhile, the value of goods exports decreased by ?1.9 billion (6.3%) in June 2025, because of falls in exports to both EU and non-EU countries.

Exports of goods to the United States decreased by ?0.7 billion (14.5%) in June 2025, to their lowest level since February 2022.

The total goods and services trade deficit widened by ?1.7 billion to a deficit of ?9.2 billion in Quarter 2 (Apr to June) 2025, because of a larger rise in imports than in exports.

The trade in goods deficit widened by ?5.8 billion to ?61.1 billion in Quarter 2 2025, while the trade in services surplus is estimated to have widened by around ?4.1 billion, to ?51.9 billion.

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