The UK’s goods trade deficit widened to £23.01 billion in June 2026, up from an upwardly revised £21.08 billion in the previous month, compared with market expectations of a £20.5 billion shortfall. Goods exports shed 6.4% mom to £32.95 billion, driven by lower shipments to both EU and non-EU countries, which fell 7.4% and 5.4%, respectively. Exports to the EU declined mainly due to a fall in fuel and chemical exports. Meanwhile, exports to non-EU countries were mainly weighed down by lower machinery and transport equipment exports. On the import side, goods imports fell 0.6% to a four-month low of £55.96 billion, with imports from EU countries inching down 0.3%, mainly due to drops in fuel and chemical imports. source: Office for National Statistics
Goods Trade Balance in the United Kingdom decreased to -23010 GBP Million in June from -21080 GBP Million in May of 2026. Goods Trade Balance in the United Kingdom averaged -5061.79 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 August of 2026.
Goods Trade Balance in the United Kingdom decreased to -23010 GBP Million in June from -21080 GBP Million in May 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.