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Commodity Mid Session News

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(14 Aug 2025, 12:24)

Economic Buzz: UK's trade deficit widens due to larger imports in Q2


According to the Office for National Statistics, UK's value of goods imports decreased by £1.7 billion (3.4%) in June 2025, because of falls in imports from both EU and non-EU countries.

Meanwhile, the value of goods exports decreased by £1.9 billion (6.3%) in June 2025, because of falls in exports to both EU and non-EU countries.

Exports of goods to the United States decreased by £0.7 billion (14.5%) in June 2025, to their lowest level since February 2022.

The total goods and services trade deficit widened by £1.7 billion to a deficit of £9.2 billion in Quarter 2 (Apr to June) 2025, because of a larger rise in imports than in exports.

The trade in goods deficit widened by £5.8 billion to £61.1 billion in Quarter 2 2025, while the trade in services surplus is estimated to have widened by around £4.1 billion, to £51.9 billion.

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