The goods gap in the UK widened to GBP 12.7 billion in July of 2021 from GBP 11.9 billion in the previous month and exceeding market expectations of GBP 11 billion. It was the widest goods shortfall since last December, as exports fell 1 percent to GBP 27.15 billion whereas imports rose 1.1 percent to GBP 39.86 billion. source: Office for National Statistics

Goods Trade Balance in the United Kingdom averaged -3729.49 GBP Million from 1970 until 2021, reaching an all time high of 775 GBP Million in January of 1981 and a record low of -16737 GBP Million in February of 2019. This page provides - United Kingdom Goods Trade Balance- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Goods Trade Balance - values, historical data and charts - was last updated on September of 2021.

Goods Trade Balance in the United Kingdom is expected to be -12200.00 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 -14800.00 GBP Million in 2022 and -16700.00 GBP Million in 2023, according to our econometric models.

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United Kingdom Goods Trade Balance

Actual Previous Highest Lowest Dates Unit Frequency
-12706.00 -11988.00 775.00 -16737.00 1970 - 2021 GBP Million Monthly
Current Prices, SA

United Kingdom Goods Trade Balance
In the UK, goods trade balance is equal to goods exports less goods imports.