The UK’s goods trade deficit narrowed to a four-month low of £18.66 billion in May 2026, down from a downwardly revised £24.58 billion in the previous month, compared with market expectations of a £23.6 billion shortfall. Goods exports grew 7.0% month-on-month to £35.86 billion, driven by higher shipments to both EU and non-EU countries, which rose 1.8% and 7.3%, respectively. Exports to the EU increased due to a rise across several commodities. Meanwhile, exports to non-EU countries were mainly driven by higher chemical exports. On the import side, goods imports fell 6.2% to a four-month low of £54.52 billion, with imports from EU countries declining 1.2%, mainly due to a drop in machinery and transport equipment. Meanwhile, imports from non-EU countries rose 3.2%. source: Office for National Statistics
Goods Trade Balance in the United Kingdom increased to -18660 GBP Million in May from -24580 GBP Million in April of 2026. Goods Trade Balance in the United Kingdom averaged -5030.83 GBP Million from 1970 until 2026, reaching an all time high of 775.00 GBP Million in January of 1981 and a record low of -27154.00 GBP Million in March of 2026. This page provides - United Kingdom Goods Trade Balance- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Goods Trade Balance - data, historical chart, forecasts and calendar of releases - was last updated on July of 2026.
Goods Trade Balance in the United Kingdom increased to -18660 GBP Million in May from -24580 GBP Million in April of 2026. Goods Trade Balance in the United Kingdom is expected to be -18500.00 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 Goods Trade Balance is projected to trend around -16800.00 GBP Million in 2027 and -16500.00 GBP Million in 2028, according to our econometric models.