UK goods exports fall 0.4% in Oct, imports up 5.8%

The value of goods exports fell slightly by £0.1 billion (~$126.35 million), or 0.4 per cent, in October, with a 4.6-per cent fall in exports to non-EU countries largely offset by a 4.1-per cent rise in exports to the EU. Exports to the EU were higher than to non-EU countries for the first time since November 2023.

The value of UK goods imports at current prices (not adjusted for inflation) rose by 5.8 per cent in October, with both imports from the EU and non-EU countries rising by 5 per cent and 6.9 per cent respectively.
The value of goods exports fell slightly by 0.4 per cent in the month, with a 4.6-per cent fall in exports to non-EU countries largely offset by a 4.1-per cent rise in exports to the EU.

The trade in goods deficit narrowed by £1.8 billion (~$2.27 billion) to £51.4 billion (~$64.93 billion) in the three months to October.

Imports from the EU were £4.4 billion higher than from non-EU countries in October 2024, while exports to the EU were £0.1 billion higher than exports to non-EU countries.

Fibre2Fashion News Desk (DS)