Rising exports and falling imports narrowed UK's trade deficit in March

In March 2025, the UK's trade deficit narrowed to £3.70 billion ($6.47 billion), down from £3.70 billion ($6.47 billion) in February. This improvement was attributed to a 0.6% hike in cross border sales, hitting £76 billion ($105 billion).

Goods exports rose by 0.8%, largely driven by a 1.6% surge in deliveries to the European Union. Notably, fuel shipments, including crude oil, increased significantly to the Netherlands. In contrast, export to non-EU countries remained stable compared to the previous month.

Meanwhile, imports fell by 1.7%, primarily due to a 2.5% drop in purchases from outside the EU. The most significant declines were seen in imports of aircraft, gas, and jewelry. However, imports from European countries increased by 0.9%, driven by higher fuel supplies, including refined oil.

The UK Office for National Statistics says that these figures weren't affected by changes in US tariff policy.