The UK’s goods trade deficit narrowed to £14.45 billion in January 2026 from £22.72 billion in the previous month, compared with market expectations of £22.2 billion shortfall. This was the smallest goods trade deficit since January 2024, as exports went up (6.7%) while imports decreased (-0.6%). source: Office for National Statistics
Goods Trade Balance in the United Kingdom increased to -14450 GBP Million in January from -22720 GBP Million in December of 2025. Goods Trade Balance in the United Kingdom averaged -4928.37 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 -23643.00 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 March of 2026.
Goods Trade Balance in the United Kingdom increased to -14450 GBP Million in January from -22720 GBP Million in December 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.