United Kingdom Balance of Trade - Forecast

Balance of Trade in the United Kingdom is expected to be -1900.00 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 -3500.00 in 12 months time. In the long-term, the United Kingdom Balance of Trade is projected to trend around -400.00 GBP Million in 2020, according to our econometric models.


Forecast Data Chart
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United Kingdom Trade Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -111 -1100 -1400 -1700 -1900 -1800
Exports 54378 54800 55100 55400 55900 57700
Imports 54489 55900 56500 57100 57800 59500
Current Account -17720 -19800 -26700 -20400 -20470 -22800
Current Account to GDP -4.1 -3.7 -3.7 -2.5 -2.5 -2
External Debt 6412914 6452000 6512000 6583000 6655000 6811000
Terms of Trade 102 102 102 102 102 103
Capital Flows 3074 17900 40000 13600 16500 36900
Foreign Direct Investment -3896 -10700 15200 36200 22500 15900
Gold Reserves 310 310 310 310 310 310
Crude Oil Production 914 950 950 800 800 750
Terrorism Index 5.1 5.1 5.1 5.1 5.1 5.1
Tourism Revenues 1778 2500 1900 1870 2600 2490
Tourist Arrivals 2978 3340 2810 3220 4010 3040
Weapons Sales 1214 1274 1188 1202 1215 1213