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2025-12-12 15:29:39
[UK Trade Deficit Widens to Eight-Month High in October] ⑴ The UK trade deficit widened to £4.82 billion in October, up from £1.09 billion in September, marking the largest deficit since February. ⑵ Exports fell 0.3% month-on-month to a four-month low of £77 billion; imports rose 4.5% month-on-month to a seven-month high of £81.82 billion. ⑶ Goods exports to the EU rose 1.7%, mainly due to increased exports of machinery and transport equipment, including a rise in exports of mechanical generators to Spain. ⑷ Goods exports to non-EU countries rose 8.6%, mainly driven by increased exports of chemicals, machinery, and transport equipment (including automobiles to the US and Japan). ⑸ Goods exports to the US (including precious metals) surged 27.0% in October after two consecutive months of decline. ⑹ Services exports rose slightly by 0.1% to £46.04 billion. (7) On the import side, merchandise imports rose 5.8% to an eight-month high of £53.51 billion; service imports rose 0.4% to a four-month high of £28.32 billion.
