You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.

Phone: 01242 260066 | Email accountants@mitchells.org

Uncertainty hanging over UK trade prospects

19 Feb 2026

UK import and export trade prospects remain uncertain, according to the British Chambers of Commerce (BCC).

Nearly every metric in the Office for National Statistics (ONS) latest trade data saw a decline in December as the volume of UK goods exports fell by 2.7%. Sales of goods to the EU dropped 1.8% year-on-year, and to non-EU countries by 3.6%.

Goods imports rose month-on-month in December by 0.7% with a strong increase in non-EU goods imports of 4.3%. This was offset by a fall in goods imports from the EU of 2.7%.

For 2025, the volume of all UK exports increased by 2% across the year, with imports up by 3.4%.

However, there was a distinct split between goods and services, with sales of products down by 2.1%, while purchases rose by 3.7%.

William Bain, Head of Trade Policy at the BCC, said: 'The picture on UK goods exports is deeply worrying, as they continued their downward trend, slumping by 2.1% in 2025.

'There are many reasons for this; geopolitical tensions and trade policy volatility are key factors. But government must take a more proactive stance in response to kickstart growth.

'The key focus in 2026 must be on lowering tariffs and non-tariff trade barriers. That means working with Chambers and businesses on stronger trade promotion, and better support to access new markets.

'Given the Office for Budget Responsibility's latest forecast for a significant cooling in export growth for 2026, the time for action is now.'

Try a site search Tax returns, budget, pension, rates and allowances...

Contact details

Office: 01242 260066

Company Registration No: 4161638
Company Registered in England and Wales.
Company details
Mitchell Glanville Limited
Registered Address: 2nd Floor, Cumberland House, Oriel Road, Cheltenham, Gloucestershire GL50 1BB

Mitchell Glanville Limited regulated by the Institute of Chartered Accountants in England and Wales If, during the provision of professional services to you, you need advice on investments, we may have to refer you to someone who is authorised by the Financial Conduct Authority, as we are not. However, as we are licensed by the Institute of Chartered Accountants in England and Wales, we may be able to provide certain investment services where these are complementary to or arise out of the professional services we are already providing to you.

© 2026 Mitchells Chartered Accountants. All rights reserved. We use cookies on this website, you can find more information about cookies here.