Imports of goods and services in UK went down 1.6 percent month-over-month to GBP 55.85 billion in December 2018. Goods purchases decreased 2.3 percent dragged down by fuels (-16.3 percent); food & live animals (-5.5 percent); chemicals (-2.4 percent) and miscellaneous manufactures (-1.8 percent). Meanwhile, the growth was reported for machinery & transport equipment (0.8 percent), namely cars; and material manufactures (3.4 percent). In contrast, services imports rose 0.5 percent. Among major trading partners, imports of goods from non-EU countries shrank 6.5 percent while those from the EU went up 1.3 percent. Imports in the United Kingdom averaged 25536.46 GBP Million from 1955 until 2018, reaching an all time high of 56917 GBP Million in August of 2018 and a record low of 1031 GBP Million in June of 1955.
Imports in the United Kingdom is expected to be 57100.00 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 59100.00 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.