The UK’s goods trade deficit widened to a record high of £27.22 billion in March 2026 from an upwardly revised £22.80 billion in the previous month, compared with market expectations of a £20.0 billion shortfall. Goods exports edged up 0.1% to £32.35 billion, driven by higher shipments to the EU (3.9%), while those to non-EU countries remained relatively unchanged. Exports to the EU increased due to a £0.6 billion rise in fuel exports and a £0.2 billion increase in chemical exports. On the import side, goods imports inched up 0.1% to £59.57 billion, with imports from the EU rising 2.7%, mainly driven by a £0.5 billion increase in fuel imports. Imports from non-EU countries rose 7.5%, supported by higher imports of machinery and transport equipment, along with fuel. source: Office for National Statistics
Goods Trade Balance in the United Kingdom decreased to -27220 GBP Million in March from -22800 GBP Million in February of 2026. Goods Trade Balance in the United Kingdom averaged -4981.16 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 -27218.00 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 May of 2026.
Goods Trade Balance in the United Kingdom decreased to -27220 GBP Million in March from -22800 GBP Million in February of 2026. Goods Trade Balance in the United Kingdom is expected to be -19800.00 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.