The UK trade deficit widened to GBP 2.8 billion in September of 2021 from a downwardly revised GBP 1.9 billion in the previous month. It was the largest monthly trade deficit since January. Imports rose 2.9 percent to a nine-month high of GBP 53.3 billion, as purchases of goods surged 3.8 percent while those of services went down 0.2 percent. Meanwhile, exports advanced at a slower 1.2 percent to GBP 50.5 billion, with sales of goods rising 1.9 percent and those of services growing 0.4 percent. source: Office for National Statistics

Balance of Trade in the United Kingdom averaged -1224.27 GBP Million from 1955 until 2021, reaching an all time high of 8131 GBP Million in December of 2019 and a record low of -7792 GBP Million in March of 2019. This page provides - United Kingdom Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Balance of Trade in the United Kingdom is expected to be -3100.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Balance of Trade is projected to trend around -800.00 GBP Million in 2022 and -1500.00 GBP Million in 2023, according to our econometric models.

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United Kingdom Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-10-13 06:00 AM Aug £-3.7B £-2.9B £-2.8B
2021-11-11 07:00 AM Sep £-2.8B £-1.9B £-3.4B
2021-12-10 07:00 AM Oct £-2.8B £-3.2B


Related Last Previous Unit Reference
Balance of Trade -2777.00 -1880.00 GBP Million Sep/21
Current Account -8605.00 -8880.00 GBP Million Jun/21
Current Account to GDP -3.50 -3.10 percent of GDP Dec/20
Exports 50480.00 49893.00 GBP Million Sep/21
Imports 53257.00 51773.00 GBP Million Sep/21
External Debt 7092969.00 7147294.00 GBP Million Jun/21
Foreign Direct Investment 19112.00 3158.00 GBP Million Jun/21
Capital Flows 11258.00 15501.00 GBP Million Jun/21
Goods Trade Balance -14736.00 -13714.00 GBP Million Sep/21
Tourist Arrivals 277.00 195.00 Thousand Jun/21
Tourism Revenues 386.00 248.00 GBP Million Jun/21
Terms of Trade 101.80 101.50 points Apr/18

News Stream
UK Posts Largest Trade Gap in 8 Months
The UK trade deficit widened to GBP 2.8 billion in September of 2021 from a downwardly revised GBP 1.9 billion in the previous month. It was the largest monthly trade deficit since January. Imports rose 2.9 percent to a nine-month high of GBP 53.3 billion, as purchases of goods surged 3.8 percent while those of services went down 0.2 percent. Meanwhile, exports advanced at a slower 1.2 percent to GBP 50.5 billion, with sales of goods rising 1.9 percent and those of services growing 0.4 percent.
2021-11-11
UK Posts Largest Trade Gap in 8 Months
The UK trade deficit widened to GBP 3.7 billion in August of 2021 from a downwardly revised GBP 2.9 billion in the previous month. It was the largest trade shortfall since the end of the Brexit transition period in December last year. Exports fell 2 percent to a six-month low of GBP 49.8 billion, as goods shipments declined 4.6 percent whilst services sales rose 0.9 percent. Meanwhile, imports went down 0.5 percent to GBP 53.5 billion, as purchases of goods decreased 1 percent while those of services rose 1.2 percent.
2021-10-13
UK Trade Gap Largest in 7 Months
The UK trade deficit widened to GBP 3.1 billion in July of 2021 from GBP 2.5 billion in the previous month. It was the largest trade shortfall since last December. Imports increased 1.1 percent to a seven-month high of GBP 51.83 billion, with both purchases of goods and services advancing 1.1 percent. Meanwhile, exports fell 0.1 percent to GBP 48.72 billion, as goods shipments declined 1 percent whereas services sales went up 1.2 percent.
2021-09-10

United Kingdom Balance of Trade
The UK's trade balance has been in deficit since 1998, due to deficits in trade in goods which are partly offset by surpluses in trade in services. The level of total UK trade in goods as a proportion of total trade in goods and services has been gradually declining since 1986 after peaking at 75 percent in 1985. This is consistent with the rising share of UK trade in services (35 percent of total trade in 2017). In 2017, the biggest goods deficits were recorded with Germany, China, the Netherlands, Norway, Belgium & Luxembourg and Italy; and the largest surpluses were recorded with the United States, Ireland and South Korea.