The UK trade deficit shrank to GBP 0.9 billion in April of 2021 from GBP 2 billion in the previous month. Exports advanced 2.5 percent to GBP 49.36 billion, as goods shipments rose 3 percent and services sales went up 1.9 percent. Meanwhile, imports advanced at a slower 0.4 percent to GBP 50.30 billion, with purchases of goods rising only 0.1 percent and services imports growing 1.1 percent. source: Office for National Statistics
Balance of Trade in the United Kingdom averaged -1274.49 GBP Million from 1955 until 2021, reaching an all time high of 7644 GBP Million in December of 2019 and a record low of -8737 GBP Million in February 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 June of 2021.
Balance of Trade in the United Kingdom is expected to be 240.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in the United Kingdom to stand at 600.00 in 12 months time. 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.