Britain’s trade balance records deficit of over twenty billion dollars
Goods exports in September totaled £29.4 billion, down 5.5% from August, while imports fell 2% to £50.1 billion. Trade with EU countries saw exports of £14.4 billion, a 2.7% decline month-on-month, and imports of £26.5 billion, down 3.3%, resulting in a deficit of £12.1 billion.
For non-EU countries, the deficit reached £8.6 billion, with exports dropping 8% to £15 billion and imports slightly down 0.5% to £23.6 billion. Exports to the US fell sharply by 11.4%, largely due to reduced shipments of chemicals, machinery, and transport equipment, while imports from the US decreased by £0.5 billion, mainly from lower purchases of crude and refined oil.
“The value of goods exports to the United States in September 2025 were at their lowest level since January 2022 and have remained relatively low since the introduction of tariffs in April,” the reports noted.
The statistics office also highlighted that recent changes in US international trade policy have created challenges for UK businesses. Around 34% of companies with 10 or more employees that exported goods in the past year reported being affected by US tariffs in the last month. Among these, 22% said the main impact was increased costs.
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