Imports of goods and services to the UK decreased 0.7 percent to GBP 59.65 billion in February 2019 amid 1 percent decline in purchases of goods. The biggest declines were seen in miscellaneous manufactures (-3.6 percent); fuels (-11.1 percent); food & live animals (-0.9 percent) and animals, vegetables oils and fats (-15.8 percent). Among major trading partners, imports of goods from non-EU countries declined 4.2 percent dragged down by US (-10.8 percent), Australia (-10.6 percent), South Korea (-16.1 percent), the UAE (-26.8 percent), Turkey (-2.8 percent) and Hong Kong (-6.8 percent). In contrast, imports from the EU grew 2 percent boosted by the Netherlands (2.2 percent), France (1.1 percent), Belgium (3.1 percent), Italy (2.9 percent), Ireland (9.9 percent) while purchases decreased from Germany (-0.6 percent) and Sweden (-5.2 percent). Imports in the United Kingdom averaged 25688.57 GBP Million from 1955 until 2019, reaching an all time high of 60069 GBP Million in January of 2019 and a record low of 1031 GBP Million in June of 1955.
Imports in the United Kingdom is expected to be 57800.00 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 59200.00 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.