The UK posted a trade surplus of GBP 0.85 billion in December 2019, the highest on record, as goods exports climbed 17.4 percent to an all-time high of GBP 38.67 billion and imports edged down 0.1 percent to GBP 37.83 billion. United Kingdom Goods Trade Balance - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Goods Trade Balance in the United Kingdom averaged -3499.84 GBP Million from 1970 until 2019, reaching an all time high of 845 GBP Million in December of 2019 and a record low of -16905 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. source: Office for National Statistics

Goods Trade Balance in the United Kingdom is expected to be -11800.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Goods Trade Balance in the United Kingdom to stand at -13200.00 in 12 months time. In the long-term, the United Kingdom Goods Trade Balance is projected to trend around -10800.00 GBP Million in 2020, according to our econometric models.

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United Kingdom Goods Trade Balance

Actual Previous Highest Lowest Dates Unit Frequency
845.00 -4947.00 845.00 -16905.00 1970 - 2019 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.