The goods trade deficit in the United Kingdom narrowed to a four-month low of GBP 20.9 billion in April of 2022 from GBP 23.9 GBP billion in the previous month and below market estimations of GBP 22.5 billion. source: Office for National Statistics

Goods Trade Balance in the United Kingdom averaged -4113.90 GBP Million from 1970 until 2022, reaching an all time high of 775 GBP Million in January of 1981 and a record low of -24046 GBP Million in January of 2022. 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 June of 2022.

Goods Trade Balance in the United Kingdom is expected to be -13800.00 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 -16700.00 GBP Million in 2023 and -16200.00 GBP Million in 2024, according to our econometric models.

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United Kingdom Goods Trade Balance

Related Last Previous Unit Reference
Balance of Trade -8503.00 -11552.00 GBP Million Apr 2022
Current Account -7300.00 -28917.00 GBP Million Dec 2021
Current Account to GDP -3.50 -3.10 percent of GDP Dec 2020
Imports 66881.00 67639.00 GBP Million Apr 2022
Exports 58378.00 56087.00 GBP Million Apr 2022
External Debt 7344995.00 7175906.00 GBP Million Dec 2021
Foreign Direct Investment -10541.00 10789.00 GBP Million Dec 2021
Capital Flows 12283.00 23288.00 GBP Million Dec 2021
Goods Trade Balance -20893.00 -23897.00 GBP Million Apr 2022
Tourist Arrivals 1308.00 277.00 Thousand Sep 2021
Tourism Revenues 1152.00 386.00 GBP Million Sep 2021
Terms of Trade 101.80 101.50 points Apr 2018

United Kingdom Goods Trade Balance
In the UK, goods trade balance is equal to goods exports less goods imports.
Actual Previous Highest Lowest Dates Unit Frequency
-20893.00 -23897.00 775.00 -24046.00 1970 - 2022 GBP Million Monthly
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