The UK trade surplus widened to GBP 4.3 billion in May 2020 from an upwardly revised GBP 2.3 billion in the previous month. That was the second-largest surplus on record, as exports rose 3.5 percent boosted by a 6.6 percent jump in goods sales, while imports fell 1.7 percent due to declines in both goods and services purchases.
Balance of Trade in the United Kingdom averaged -1221.34 GBP Million from 1955 until 2020, reaching an all time high of 6866 GBP Million in December of 2019 and a record low of -7557 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 August of 2020. source: Office for National Statistics
Balance of Trade in the United Kingdom is expected to be 5830.00 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 6240.00 in 12 months time. In the long-term, the United Kingdom Balance of Trade is projected to trend around 5200.00 GBP Million in 2021, according to our econometric models.