Economic Buzz: UK trade deficit widens as imports rise more than exports

According to the data released by the Office for National Statistics, UK's value of goods imports increased by ?2.7 billion (5.4%) in July 2025, with a rise in imports from both EU and non-EU countries.

The value of goods exports increased by ?1.9 billion (6.6%) in July 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 ?0.8 billion in July 2025 but remain below their pre-tariff levels.

The total goods and services trade deficit widened by ?0.4 billion to ?10.3 billion in the three months to July 2025, because total imports rose by more than exports.

The trade in goods deficit widened by ?3.0 billion to ?61.9 billion in the three months to July 2025, while the trade in services surplus is estimated to have widened by ?2.6 billion to ?51.6 billion.

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