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Commodity Mid Session News

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(12 Jun 2025, 12:23)

Economic Buzz: UK exports decline 8.8% in April


According to the Office for National Statistics, UK's value of goods exports decreased by £2.7 billion (8.8%) in April 2025, with falls in exports to both the EU and non-EU countries.

Exports of goods to the United States fell by £2.0 billion in April 2025, likely linked to the implementation of tariffs on goods imported to the United States.

The value of goods imports remained stable in April 2025 as a rise in imports from the EU was offset by a fall in imports from non-EU countries.

The total goods and services trade deficit widened by £4.9 billion to £11.5 billion in the three months to April 2025, because of a larger rise in imports than exports.

The trade in goods deficit widened by £4.4 billion to £60.0 billion in the three months to April 2025, while the trade in services surplus is estimated to have narrowed by £0.5 billion to £48.5 billion.

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