UK trade - March 2025

15th May 2025

The value of goods imports decreased by £0.4 billion (0.7%) in March 2025 because of a fall in imports from non-EU countries, partially offset by a rise in EU imports.

The value of goods exports increased by £0.2 billion (0.8%) in March 2025, with a rise in exports to the EU.

Exports of goods to the United States increased for the fourth consecutive month; there was a £2.4 billion rise in Quarter 1 (Jan to Mar) 2025, while imports of goods from the United States rose by £1.3 billion.

The total goods and services trade deficit narrowed by £3.6 billion to a deficit of £6.6 billion in Quarter 1 2025, compared with the previous quarter.

The trade in goods deficit narrowed by £4.3 billion to £55.2 billion in Quarter 1 2025, while the trade in services surplus is estimated to have narrowed by around £0.7 billion to £48.6 billion.

Monthly trade in goods
Total imports of goods in "current prices", which are not adjusted for inflation (as explained in Section 13: Glossary), fell by £0.4 billion (0.7%) in March 2025. Imports from non-EU countries fell by £0.6 billion (2.5%) while imports from the EU increased by £0.2 billion (0.9%) (Table 1 and Figure 1).

Total exports of goods rose by £0.2 billion (0.8%) in March 2025 because exports to the EU increased by £0.2 billion (1.6%), while UK exports to non-EU countries remained stable for the second consecutive month.

Imports from the EU were £2.8 billion higher than from non-EU countries in March 2025, while exports to the EU were £2.5 billion lower than to non-EU countries.

Read the full ONS report HERE