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The UK’s trade deficit stretched slightly in August, according to numbers on Thursday, as exports declined at a slightly faster pace than imports. Numbers from the Office for National Statistics showed UK trade with the US also shrunk in August. The UK’s trade deficit widened to £3.39 billion in August, from £3.02 billion a year prior. Exports declined 1.2% on-month to £77.42 billion, while imports shrunk 0.7% to £80.81 billion. The goods trade deficit alone widened to £21.18 billion in August from £20.65 billion in July, but services trade surplus edged up to £17.80 billion from £17.63 billion. The ONS reported goods exports to the US shrunk to £4.5 billion in August, from £5.2 billion in July. Imports faded to £4.1 billion from £4.5 billion. ‘There have been considerable changes in the United States international trade policy in recent months, which has posed challenges for UK businesses,’ the ONS said. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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