United Kingdom Balance of Trade - Forecast

Balance of Trade in the United Kingdom is expected to be -3000.00 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 -3700.00 in 12 months time. In the long-term, the United Kingdom Balance of Trade is projected to trend around -1800.00 GBP Million in 2020, according to our econometric models.


United Kingdom Balance of Trade
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United Kingdom Trade Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -5280 -3000 -3000 -3500 -3700 -1800
Exports 49991 54200 54800 55100 55400 57700
Imports 55271 57200 57800 58600 59100 59500
Current Account -18443 -22700 -19800 -26700 -20400 -22800
Current Account to GDP -4.1 -3.7 -3.7 -3.7 -2.5 -2
External Debt 6385526 6383000 6452000 6512000 6583000 6811000
Terms of Trade 102 103 103 103 103 103
Capital Flows 24382 15400 17900 40000 13600 36900
Foreign Direct Investment 8667 26300 -10700 15200 36200 15900
Gold Reserves 310 310 310 310 310 310
Crude Oil Production 955 750 750 750 650 550
Terrorism Index 5.1 5.1 5.1 5.1 5.1 5.1
Tourism Revenues 1560 2400 2500 1900 1870 2490
Tourist Arrivals 2590 3720 3340 2810 3220 3040
Weapons Sales 1214 1336 1265 1194 1222 1278