FX.co ★ UK Trade Gap Narrows in May

In May 2025, the UK's trade deficit narrowed to £5.70 billion, a slight improvement from April's revised figure of £6.50 billion, as exports outpaced imports. Exports increased by 1.2% from the previous month, reaching £74.31 billion, while imports saw a marginal rise of 0.1% to £80.01 billion. Specifically, exports of goods rose by 2.2% to £29.09 billion, and exports of services grew by 0.5% to £45.22 billion. Conversely, imports of goods declined by 0.2%, hitting a four-month low of £50.78 billion, whereas imports of services saw a 0.5% increase to £29.23 billion.