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Commodity Mid Session News

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(11 Jul 2025, 14:18)

Economic Buzz: UK's exports rise 2.2% in May, imports up 1.2%


According to the Office for National Statistics, UK's value of goods imports increased by £0.6 billion (1.2%) in May 2025, with a rise in imports from both EU and non-EU countries.

The value of goods exports increased by £0.6 billion (2.2%) in May 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 £0.3 billion in May 2025 following a substantial decrease the previous month, and remained relatively low.

The total goods and services trade deficit widened by £6.7 billion to £13.2 billion in the three months to May 2025, because of a large rise in goods imports and a fall in goods exports.

The trade in goods deficit widened by £6.1 billion to £61.0 billion in the three months to May 2025, while the trade in services surplus is estimated to have narrowed by £0.6 billion to £47.8 billion.

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