The UK trade deficit widened to GBP 3.1 billion in July of 2021 from GBP 2.5 billion in the previous month. It was the largest trade shortfall since last December. Imports increased 1.1 percent to a seven-month high of GBP 51.83 billion, with both purchases of goods and services advancing 1.1 percent. Meanwhile, exports fell 0.1 percent to GBP 48.72 billion, as goods shipments declined 1 percent whereas services sales went up 1.2 percent. source: Office for National Statistics
Balance of Trade in the United Kingdom averaged -1287.10 GBP Million from 1955 until 2021, reaching an all time high of 7644 GBP Million in December of 2019 and a record low of -8737 GBP Million in February of 2019. This page provides - United Kingdom Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Balance of Trade in the United Kingdom is expected to be -100.00 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 Balance of Trade is projected to trend around -800.00 GBP Million in 2022 and -1500.00 GBP Million in 2023, according to our econometric models.