The United Kingdom’s goods trade deficit narrowed to £23.71 billion in November 2025, down from £24.17 billion in October and surpassing market expectations of a £20.4 billion shortfall, as exports rose more than imports. Goods exports increased 1.9% mom to a three-month high of £31.37 billion, boosted by higher shipments to EU countries (2.8%), mainly driven by increased exports of medicinal and pharmaceutical products to Germany and France. Goods exports to non-EU countries also rose 1.1%, primarily due to higher exports of machinery and transport equipment. Conversely, exports of goods to the US, including precious metals, fell 10.4% due to lower exports of medicinal and pharmaceutical products and inorganic chemicals. On the import side, goods imports rose 0.2% to a near three-year high of £55.08 billion, supported by higher imports from EU countries (1.1%), while those from non-EU countries declined (-3.6%). source: Office for National Statistics
Goods Trade Balance in the United Kingdom increased to -23710 GBP Million in November from -24170 GBP Million in October of 2025. Goods Trade Balance in the United Kingdom averaged -4885.15 GBP Million from 1970 until 2025, reaching an all time high of 775.00 GBP Million in January of 1981 and a record low of -24174.00 GBP Million in October of 2025. 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 February of 2026.
Goods Trade Balance in the United Kingdom increased to -23710 GBP Million in November from -24170 GBP Million in October of 2025. Goods Trade Balance in the United Kingdom is expected to be -19200.00 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.