The UK’s goods trade deficit narrowed to £18.01 billion in August 2026, down from a revised £19.30 billion in the previous month, compared with market expectations of a £21.8 billion shortfall, marking the smallest trade gap since January. Exports edged up 0.1% mom to £82.33 billion, while imports fell 1.5% to a seven-month low of £83.25 billion. Goods exports inched down 0.1% to £36.18 billion, despite higher shipments to non-EU countries, which rose 0.9%, mainly due to a £0.3 billion increase in chemical exports. Meanwhile, shipments to the EU fell 7.3%, weighed down by a £0.5 billion decline in exports of machinery and transport equipment. On the import side, goods imports fell 2.4% to a seven-month low of £54.19 billion, with imports from non-EU countries declining 6.3%, mainly due to drops in machinery and transport equipment. Meanwhile, imports from EU countries grew 1.6%. source: Office for National Statistics
Goods Trade Balance in the United Kingdom increased to -18010 GBP Million in August from -19300 GBP Million in July of 2026. Goods Trade Balance in the United Kingdom averaged -5087.48 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 -26117.00 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 October of 2026.
Goods Trade Balance in the United Kingdom increased to -18010 GBP Million in August from -19300 GBP Million in July of 2026. Goods Trade Balance in the United Kingdom is expected to be -18200.00 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.