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.

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United Kingdom Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-3117.00 -2514.00 7644.00 -8737.00 1955 - 2021 GBP Million Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-11 06:00 AM Apr £-0.9B £-2B £-3.2B
2021-07-09 11:00 AM May £0.9B £-1.6B £-1.4B
2021-08-12 06:00 AM Jun £-2.5B £-0.2B £-2.2B
2021-09-10 06:00 AM Jul £-3.1B £-2.5B £-2B
2021-10-11 06:00 AM Aug £-3.1B
2021-11-11 07:00 AM Sep £ -0.1B
2021-12-10 07:00 AM Oct


News Stream
UK Trade Gap Largest in 7 Months
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.
2021-09-10
UK Posts Widest Trade Gap in 6 Months
The UK trade deficit rose to GBP 2.5 billion in June of 2021 from a revised GBP 0.2 billion in the previous month. It was the largest trade shortfall since last December. Exports fell 1.5 percent to GBP 48.74 billion, as goods shipments declined 3.6 percent while services sales went up 1.3 percent. Meanwhile, imports advanced 3.2 percent to a six-month high of GBP 51.26 billion, with purchases of goods rising 3.6 percent and services imports growing 2 percent.
2021-08-12
UK Posts 1st Trade Surplus in Almost a Year
The UK trade account shifted to a surplus of GBP 0.9 billion in May of 2021, compared to an upwardly revised GBP 1.6 billion deficit in the previous month. It was the first trade surplus since June of 2020, as exports surged 4.4 percent to a 16-month high of GBP 51.64 billion while imports fell 0.6 percent to GBP 50.76 billion.
2021-07-09
UK Trade Gap Narrows in April
The UK trade deficit shrank to GBP 0.9 billion in April of 2021 from GBP 2 billion in the previous month. Exports advanced 2.5 percent to GBP 49.36 billion, as goods shipments rose 3 percent and services sales went up 1.9 percent. Meanwhile, imports advanced at a slower 0.4 percent to GBP 50.30 billion, with purchases of goods rising only 0.1 percent and services imports growing 1.1 percent.
2021-06-11

United Kingdom Balance of Trade
The UK's trade balance has been in deficit since 1998, due to deficits in trade in goods which are partly offset by surpluses in trade in services. The level of total UK trade in goods as a proportion of total trade in goods and services has been gradually declining since 1986 after peaking at 75 percent in 1985. This is consistent with the rising share of UK trade in services (35 percent of total trade in 2017). In 2017, the biggest goods deficits were recorded with Germany, China, the Netherlands, Norway, Belgium & Luxembourg and Italy; and the largest surpluses were recorded with the United States, Ireland and South Korea.