March 31, 2025 (press release) –
Total value of UK exports and imports of goods and services in current prices, chained volume measures and implied deflators.
Main points
- The value of goods imports remained stable in January 2025, because a fall in imports from the EU was offset by a rise in imports from non-EU countries.
- The value of goods exports rose by £1.8 billion (6.3%) in January 2025, because of a rise in exports to both EU and non-EU countries.
- Exports of goods to the United States increased by £0.1 billion, the second consecutive monthly rise, while imports of goods from the United States fell by £0.1 billion.
- Early estimates suggest that the value of services imports rose slightly by £0.1 billion (0.5%) in January 2025, and services exports were estimated to have increased by £0.8 billion (1.9%).
- The total goods and services trade deficit widened by £0.5 billion to £5.7 billion in the three months to January 2025, because imports rose more than exports.
- The trade in goods deficit widened by £0.4 billion to £55.6 billion in the three months to January 2025, while the trade in services surplus is estimated to have narrowed slightly by around £0.1 billion to £50.0 billion.
Industry Intelligence Editor's Note: This press release omits select charts and/or marketing language for editorial clarity. Click here to view the full report.
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