United Kingdom Goods Trade Balance

The United Kingdom’s goods trade deficit widened to £22.54 billion in October 2025, up from £18.88 billion in September and surpassing market expectations of a £19.3 billion shortfall. This marked the largest goods trade gap since January 2022, as exports fell while imports rose. Goods exports declined 0.8% month-on-month to a four-month low of £30.96 billion, weighed down by lower shipments to non-EU countries (-3.0%) due to smaller increases across most commodity categories. By contrast, goods exports to the EU rose 1.7%, driven primarily by higher exports of machinery and transport equipment, including mechanical power generators to Spain. Exports of goods to the US, including precious metals, jumped 27.0% in October following two consecutive monthly declines. On the import side, goods imports increased 6.8% to an eight-month high of £53.51 billion, supported by higher imports from both EU countries (1.2%) and non-EU countries (12.5%).