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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

December 22, 2025
UK CURRENT ACCOUNT, Q3 2025

Quarter vs quarter (Q3 2025 vs Q2 2025)


The United Kingdom (UK) current account deficit decreased by £9.1 billion from Q2 2025 to Q3 2025, decreasing to a deficit of £12.1billion. The goods trade deficit narrowed by £1.1 billion to £58.9 billion. The services trade surplus grew by £1.5 billion to £52.8 billion. The primary income deficit narrowed by £6.6 billion to £1.9 billion. The secondary income deficit expanded by £93 million to £4.1 billion.

UK goods exports declined by 0.7% (-£0.7 billion) while imports of goods declined by 1.1% (-£1.8 billion). 

UK services exports increased by 1.6% (+£2.2 billion) and imports of services increased by 0.8% (+£0.7 billion). 

UK primary income receipts increased by 5.4% (+£5.5 billion) and primary income payments decreased by 1.0% (-£1.1 billion). 

UK secondary income receipts increased by 1.5% (+£119 million) and secondary income payments increased by 1.8% (+£212 million).

Source for National Statistics (ONS), released 22 December 2025, ONS website, statistical bulletin, Balance of payments, UK: Q3 2025; Balance of payments time series



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