UK Trade Gap Smallest in 7 Months

2026-10-15 06:13 By Chusnul Chotimah 1 min. read

The United Kingdom’s trade deficit narrowed to £0.92 billion in August 2026, down from a revised £2.32 billion in the previous month.

It was the smallest trade gap since January, when the trade balance posted a surplus, as exports grew while imports fell.

Exports edged up 0.1% mom to £82.33 billion, while imports fell 1.5% to a seven-month low of £83.25 billion.

Goods exports inched down 0.1% to £36.18 billion, despite higher shipments to non-EU countries, which rose 0.9%, mainly due to a £0.3 billion increase in chemical exports.

Meanwhile, shipments to the EU fell 7.3%, weighed down by a £0.5 billion decline in exports of machinery and transport equipment.

Services exports rose 0.4% to £46.15 billion.

On the import side, goods imports fell 2.4% to a seven-month low of £54.19 billion, with imports from non-EU countries declining 6.3%, mainly due to drops in machinery and transport equipment.

Meanwhile, imports from EU countries grew 1.6%.

Services imports rose 0.2% to £29.06 billion.



News Stream
UK Trade Gap Smallest in 7 Months
The United Kingdom’s trade deficit narrowed to £0.92 billion in August 2026, down from a revised £2.32 billion in the previous month. It was the smallest trade gap since January, when the trade balance posted a surplus, as exports grew while imports fell. Exports edged up 0.1% mom to £82.33 billion, while imports fell 1.5% to a seven-month low of £83.25 billion. Goods exports inched down 0.1% to £36.18 billion, despite higher shipments to non-EU countries, which rose 0.9%, mainly due to a £0.3 billion increase in chemical exports. Meanwhile, shipments to the EU fell 7.3%, weighed down by a £0.5 billion decline in exports of machinery and transport equipment. Services exports rose 0.4% to £46.15 billion. On the import side, goods imports fell 2.4% to a seven-month low of £54.19 billion, with imports from non-EU countries declining 6.3%, mainly due to drops in machinery and transport equipment. Meanwhile, imports from EU countries grew 1.6%. Services imports rose 0.2% to £29.06 billion.
2026-10-15
UK Trade Deficit Smallest in 6 Months
The United Kingdom’s trade deficit narrowed to £3.45 billion in July 2026, down from £5.54 billion in the previous month. It was the smallest trade gap since January, when the trade balance posted a surplus, as exports rose while imports fell. Exports grew 2.1% mom to £81.92 billion, while imports edged down 0.4% to a five-month low of £85.37 billion. Goods exports increased 4.4% to £34.41 billion, driven by higher shipments to both EU and non-EU countries, which rose 5.2% and 0.6%, respectively. Exports to both the EU and non-EU countries were mainly boosted by higher exports of machinery and transport equipment. Services exports climbed 0.5% to £47.51 billion. On the import side, goods imports fell 1.1% to a six-month low of £55.37 billion, with imports from EU countries declining 1.4%, mainly due to drops in machinery and transport equipment. Meanwhile, imports from non-EU countries rose 6.7%. On the other hand, services imports rose 0.7% to £30.0 billion.
2026-09-11
UK Trade Deficit Widens in June
The United Kingdom's trade deficit increased to £5.54 billion in June 2026, up from an upwardly revised £3.46 billion in the previous month, as exports fell more than imports. Exports dropped 2.8% mom to £80.21 billion, while imports edged down 0.2% to a four-month low of £85.74 billion. Goods exports shed 6.4% to £32.95 billion, driven by lower shipments to both EU and non-EU countries, which dropped 7.4% and 5.4%, respectively. Exports to the EU declined mainly due to a fall in fuel and chemical exports. Meanwhile, exports to non-EU countries were mainly weighed down by lower machinery and transport equipment exports. Services exports edged down 0.1% to £47.25 billion. On the import side, goods imports fell 0.6% to a four-month low of £55.96 billion, with imports from EU countries inching down 0.3%, mainly due to drops in fuel and chemical imports. Meanwhile, imports from non-EU countries fell 1.0%. On the other hand, services imports rose 0.4% to £29.78 billion.
2026-08-13