FX.co ★ UK Trade Gap Smallest in 8 Months

In September 2025, the UK's trade deficit reduced to £1.09 billion, an improvement from the previously downwardly revised £1.28 billion registered in August, making it the narrowest deficit since January. Export figures fell by 0.9% month-over-month, reaching a three-month low of £77.21 billion, while imports decreased by 1.1% to an eight-month low of £78.30 billion. Specifically, goods exports dropped by 1.2%, mainly due to a 2.7% decrease in shipments to the EU, with significant reductions in fuel exports, particularly crude oil to Denmark and Germany. Exports to non-EU nations declined by 8.0%, predominantly due to a decrease in machinery and transport equipment, including vehicles to China and the US. Exports of goods to the US, particularly precious metals, fell by 11.4% in September, marking the lowest point since January 2022, primarily attributed to a decline in commodities. Similarly, services exports saw a decline of 0.7%, settling at a five-month low of £45.99 billion. On the import front, goods imports fell by 2.0% to an eight-month low of £50.10 billion, while services imports experienced a 0.4% increase to £28.20 billion.