The UK trade deficit widened to GBP 2.8 billion in September of 2021 from a downwardly revised GBP 1.9 billion in the previous month. It was the largest monthly trade deficit since January. Imports rose 2.9 percent to a nine-month high of GBP 53.3 billion, as purchases of goods surged 3.8 percent while those of services went down 0.2 percent. Meanwhile, exports advanced at a slower 1.2 percent to GBP 50.5 billion, with sales of goods rising 1.9 percent and those of services growing 0.4 percent. source: Office for National Statistics
Balance of Trade in the United Kingdom averaged -1224.27 GBP Million from 1955 until 2021, reaching an all time high of 8131 GBP Million in December of 2019 and a record low of -7792 GBP Million in March 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 November of 2021.
Balance of Trade in the United Kingdom is expected to be -3100.00 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.