According to the data released by the Office for National Statistics, UK's value of goods imports decreased by £0.4 billion (0.7%) in March 2025 because of a fall in imports from non-EU countries, partially offset by a rise in EU imports.
The value of goods exports increased by £0.2 billion (0.8%) in March 2025, with a rise in exports to the EU.
Exports of goods to the United States increased for the fourth consecutive month; there was a £2.4 billion rise in Quarter 1 (Jan to Mar) 2025, while imports of goods from the United States rose by £1.3 billion.
The total goods and services trade deficit narrowed by £3.6 billion to a deficit of £6.6 billion in Quarter 1 2025, compared with the previous quarter.
The trade in goods deficit narrowed by £4.3 billion to £55.2 billion in Quarter 1 2025, while the trade in services surplus is estimated to have narrowed by around £0.7 billion to £48.6 billion.