FX.co ★ UK Trade Deficit Narrows in November

In November 2025, the UK's trade deficit reduced to £6.12 billion, a decline from the revised £6.53 billion recorded in October. This change was attributed to a rise in exports while imports remained constant. Exports saw a 0.6% increase from the previous month, reaching a three-month peak of £77.19 billion, whereas imports stayed nearly flat at £83.31 billion. Goods exports experienced a 1.9% boost month-on-month, hitting a three-month high of £31.37 billion. This increase was largely due to a 2.8% rise in shipments to EU countries, driven primarily by greater exports of medicinal and pharmaceutical products to Germany, Ireland, and France. Additionally, goods exports to non-EU nations increased by 1.1%, fueled by higher sales of machinery and transport equipment, particularly automobiles, to China and the US. However, there was a 10.4% drop in goods exports to the US, including precious metals, mainly due to a decrease in exports of medicinal and pharmaceutical products as well as inorganic chemicals.