UK Trade Gap Narrows in May

2025-07-11 06:17 By Chusnul Chotimah 1 min. read

The UK trade deficit narrowed to £5.70 billion in May 2025, down from a downwardly revised £6.50 billion in April, as exports grew faster than imports.

Exports rose 1.2% mom to £74.31 billion, while imports edged up by 0.1% to £80.01 billion.

Goods exports increased by 2.2%, supported by a 2.9% rise in shipments to the EU, largely driven by higher fuel exports to Poland.

Exports to non-EU countries advanced 1.5%, mainly due to stronger inorganic chemical exports to the US.

Exports of goods to the US, including precious metals, rose by £0.3 billion in May, rebounding after a substantial drop the previous month.

Service exports climbed 0.5% to £45.22 billion.

On the import side, goods imports fell 0.2% to a four-month low of £50.78 billion, mainly due to reduced imports of refined oil from the Netherlands and lower imports of ships and aircraft from the US.

Total goods imports from the US declined by £0.9 billion in May.

Meanwhile, service imports increased by 0.5% to £29.23 billion.



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