The UK’s goods trade deficit narrowed to £20.97 billion in July 2026, down from £23.01 billion in the previous month, compared with market expectations of a £22.3 billion shortfall, marking the smallest trade gap since January. Exports grew 2.1% mom to £81.92 billion, while imports edged down 0.4% to a five-month low of £85.37 billion. Goods exports increased 4.4% to £34.41 billion, driven by higher shipments to both EU and non-EU countries, which rose 5.2% and 0.6%, respectively. Exports to both the EU and non-EU countries were mainly boosted by higher exports of machinery and transport equipment. Services exports climbed 0.5% to £47.51 billion. On the import side, goods imports fell 1.1% to a six-month low of £55.37 billion, with imports from EU countries declining 1.4%, mainly due to lower imports of machinery and transport equipment. source: Office for National Statistics
Goods Trade Balance in the United Kingdom increased to -20970 GBP Million in July from -23010 GBP Million in June of 2026. Goods Trade Balance in the United Kingdom averaged -5085.22 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 October of 2026.
Goods Trade Balance in the United Kingdom increased to -20970 GBP Million in July from -23010 GBP Million in June 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.