The UK posted a trade deficit of GBP 0.72 billion in February 2026, shifting from a downwardly revised surplus of GBP 3.02 billion in the previous month, as exports fell while imports rose. Exports dropped 1.5% mom to GBP 80.20 billion, while imports grew 3.2% to a three-month high of GBP 80.92 billion. Goods exports declined 3.9% to GBP 33.26 billion, weighed down by lower shipments to both the EU (-0.7%) and non-EU countries (-2.3%). Exports to the EU fell due to small declines across several commodities. Exports to non-EU markets were driven by a GBP 0.3 billion fall in chemical exports, along with GBP 0.2 billion decreases in exports of both machinery and transport equipment, and miscellaneous manufactures. In contrast, exports of goods to the US rose 11.3%, amid higher machinery and transport equipment, and material manufactures. Services exports ticked up 0.3% to GBP 46.95 billion. On the import side, goods imports grew 4.7% to GBP 52.05 billion, while services imports rose 0.6% to GBP 28.88 billion.