The UK goods shortfall narrowed to GBP 14.3 billion in December of 2020 from a downwardly revised GBP 14.8 billion in the prior month and compared with market expectations of a GBP 15 billion shortfall. Exports rose 1.5 percent to GBP 27.56 billion while imports went down 0.2 percent to GBP 41.87 billion. In 2020, the country's trade deficit fell to GBP 116 billion, the lowest since 2015 from GBP 130.8 billion a year earlier. source: Office for National Statistics

Goods Trade Balance in the United Kingdom averaged -3643.30 GBP Million from 1970 until 2020, 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 March of 2021.

Goods Trade Balance in the United Kingdom is expected to be -10200.00 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 -10800.00 in 12 months time. In the long-term, the United Kingdom Goods Trade Balance is projected to trend around -14800.00 GBP Million in 2022, according to our econometric models.

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United Kingdom Goods Trade Balance

Actual Previous Highest Lowest Dates Unit Frequency
-14315.00 -14794.00 775.00 -16737.00 1970 - 2020 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.