FX.co ★ UK Trade Gap Largest in 8 Months

In October 2025, the UK's trade deficit expanded significantly to £4.82 billion, compared to £1.09 billion in September, registering the most substantial gap since February. This change was driven by a 0.3% month-on-month decline in exports, hitting a four-month low of £77.00 billion, while imports climbed by 4.5% to reach a seven-month peak of £81.82 billion. Specifically, goods exports decreased by 0.8% month-on-month to £30.96 billion, largely impacted by a 3.0% decline in shipments to non-EU countries, amidst a general slowdown in most commodity export growth. Conversely, exports to EU countries experienced a 1.7% increase, especially in machinery and transport equipment, with notable exports of mechanical power generators to Spain. Additionally, the export of goods to the US, including precious metals, surged by 27.0% in October after witnessing two consecutive months of decline. On the other hand, services exports showed a slight rise of 0.1% to £46.04 billion. Importantly, goods imports grew by 6.8% to an eight-month high of £53.51 billion, with services imports also rising 0.4% to a four-month high of £28.32 billion.