16 October 2025, 09:50 United Kingdom: Trade Gap Largest in 5 Months.
The UK trade deficit widened to 3.39 billion GBP in August 2025, up from a downwardly revised 3.02 billion GBP in July, marking the largest gap since March. Exports fell by 1.2% mom to 77.42 billion GBP, while imports dropped by 0.7% to 80.81 billion GBP. Goods exports declined by 3.6%, weighed down by a 5.3% drop in shipments to the EU, primarily due to a fall in aircraft and mechanical power generators exports to Germany. Exports to non-EU countries shrank by 1.5%, largely driven by lower exports of material manufactures, chemicals, and fuels. Exports of goods to the US, including precious metals, fell by 0.7 billion GBP in August, due to declines in machinery and transport equipment, chemicals, and material manufactures. In contrast, services exports grew by 0.5% to 46.18 billion GBP. On the import side, goods imports fell by 1.2% to 52.42 billion GBP, despite increased imports of material manufactures, fuels, and chemicals from the EU. Meanwhile, services imports rose by 0.2% to 28.39 billion GBP.
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