Imports to the UK dipped 2.6 percent from a month earlier to GBP 53.63 billion in June 2019, the third consecutive month of decline. Purchases of goods went down 3.6 percent, mainly pushed down by machinery & transport equipment (-2.5%); miscellaneous manufactures (-2.9%); fuels (-13.2%); food & live animals (-6.8%); crude materials (-4.8%) and beverages & tobacco (-3.4%). In contrast, services imports went up 0.3 percent. Among major trading partners, imports of goods from the EU dropped 1.3 percent, primarily from Germany (-11.9%), France (-0.6%), Italy (-0.9%), Spain (-0.9%) and Ireland (-4.9%). By contrast, purchases went up mostly from the Netherlands (10%), Belgium (1.8%), Denmark (8.5%) and Sweden (19.5%). Meantime, imports from non-EU countries slipped 6.2 percent, due to lower purchases from China (-3.4%), the US (-8.5%), Japan (-8.4%), Turkey (-19.5%), India (-27.4%), Russia (-9.3%) and Hong Kong (-20.1%). Imports in the United Kingdom averaged 25958.73 GBP Million from 1955 until 2019, reaching an all time high of 62200 GBP Million in March of 2019 and a record low of 1031 GBP Million in June of 1955.
Imports in the United Kingdom is expected to be 58500.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in the United Kingdom to stand at 59400.00 in 12 months time. In the long-term, the United Kingdom Imports is projected to trend around 60500.00 GBP Million in 2020, according to our econometric models.