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 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.

ALCHEMPro News Desk (DS)