Container ships in the port of Felixstowe in Felixstowe, Great Britain, on Wednesday, April 9, 2025.
Bloomberg | Bloomberg | Getty pictures
British goods exported in the USA were dropped by £ 2 billion ($ 2.71 billion) in April, as the figures published by the Office for National Statistics showed, which marked the largest monthly decline since the beginning of the records in 1997.
The value of the British exports in states on the state has been the lowest since February 2022 with 4.1 billion GBP. Cars, chemicals and metals export all declines, the ONS said.
The US imports in Great Britain were dropped by £ 400 million to £ 4.7 billion for the month, and brought Washington back with the country for the first time since May 2024 in Waren. Merchant data show that British companies have increased their exports in the USA to force themselves to the United States on April 2.
The most important goods sent to the United States by Great Britain include automotive, medication, mechanical generators, scientific instruments and aircraft. Great Britain now has a strong appetite for US oil and its own pharmaceutical products and aircraft.
Great Britain and the United States announced an overview of a trade agreement at the beginning of May, but the agreement was still imposed on 10% flat -rate tariffs to British goods that were sent in the United States and has not yet been fully implemented. US President Donald's Trump's universal 25% tasks for steel and aluminum are to be reduced to zero for Great Britain, while up to 100,000 British cars per year are affected by 10% instead of 25%, but higher tariffs are still in force, while the final details of the deal are confirmed.
During his second presidency, Trump thought relatively cheaply to Great Britain, while he did other important trading partners like the European Union. This is partly due to his friendly relationships with British Prime Minister Keir Starrer, but above all because the trade relationship in Great Britain in the goods was historically relatively balanced.
Overall, the trade deficit in Great Britain rose by GBP for £ 60 billion in the three months to April, during the trade surplus for services by £ 58.5 billion.
This led the entire trade deficit for both goods and for services to £ 6.6 billion.
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In its publication, the ONS found that monthly merchant data could be “unpredictable” and that his next data record would make up the subsequent trade agreement.
Numbers published on Thursday by The ONS showed that the British economy in April was completed by 0.3% among the economists surveyed by Reuters among the economists in demand. The dominant service sector in Great Britain was a weak point that shrank 0.4%, while construction production rose 0.9%.
This is followed by the signs of a weakening united in the week at the beginning of the week, with the vacancies rose by 7.9%and the employment rate from 4.5%to 4.6%. The rate of wage growth was 5.6% to 5.3%, whereby the markets subsequently fully evaluated a further interest rate of the Bank of England in a further percentage of the Bank of England.
Due to tariffs and macroeconomic uncertainties and due to state guidelines, including a minimum wage increase, new protection and higher tax rates for employees, the business mood remains on the side.
Sanjay Raja, chief economist of Deutsche Bank, said that the British economy is “always on a collision course for a course correction after a super strong start to the year”.
Growth reached 0.7% in the first quarter and accelerated 0.1% in the last quarter of 2024.
“While the headwind will probably become softer in the coming months in April, they will not completely dissolve. Despite the trade agreement in Great Britain with the United States, the trade uncertainty is here to remain. The labor market continues to relax what is burdening the budget expenses. And monetary policy remains restrictive, which will also draw production,” said Raja in a noty.
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