Goods Trade Balance in the United Kingdom increased to -22724 GBP Million in December from -23582 GBP Million in November of 2025. Goods Trade Balance in the United Kingdom averaged -4914.21 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 -23643.00 GBP Million in October of 2025. source: Office for National Statistics

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.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-15 07:00 AM
Goods Trade Balance
Nov £-23.71B £-24.17B £-20.4B £-19.8B
2026-02-12 07:00 AM
Goods Trade Balance
Dec £-22.72B £-23.58B £-22.7B £-23.0B
2026-03-13 07:00 AM
Goods Trade Balance
Jan £-22.72B £-23.5B


Related Last Previous Unit Reference
Balance of Trade -4340.00 -5564.00 GBP Million Dec 2025
Capital Flows 15529.00 14497.00 GBP Million Sep 2025
Current Account -12067.00 -21154.00 GBP Million Sep 2025
Current Account to GDP -2.20 -3.60 percent of GDP Dec 2024
Exports 76962.00 77748.00 GBP Million Dec 2025
External Debt 8194947.00 7894631.00 GBP Million Sep 2025
Net Foreign Direct Investment 23370.00 -9036.00 GBP Million Sep 2025
Goods Exports 30089.00 31086.00 GBP Million Dec 2025
Goods Imports 52813.00 54668.00 GBP Million Dec 2025
Goods Trade Balance -22724.00 -23582.00 GBP Million Dec 2025
Imports 81302.00 83312.00 GBP Million Dec 2025


United Kingdom Goods Trade Balance
The UK’s goods trade deficit has continued to widen in recent years, driven by a stronger pound that boosted domestic demand and imports while weighing on exports. This trend has been compounded by significant shifts in US trade policy. Following the Trump administration’s announcement of new import tariffs on 2 April 2025, many UK businesses reported being affected by the measures. In response, the UK government signed a new trade agreement with the US, effective 30 June 2025. The deal reduced tariffs on UK car exports and removed duties on aluminum and steel, while a 10% blanket tariff remains in place for all other UK exports to the US.
Actual Previous Highest Lowest Dates Unit Frequency
-22724.00 -23582.00 775.00 -23643.00 1970 - 2025 GBP Million Monthly
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