Imports of goods and services to the UK advanced 0.6 percent from a month earlier to GBP 57.04 billion in August 2019, following a 3.5 percent surge in July, mainly boosted by a 2 percent climb in services imports. Meanwhile, goods purchases edged up 0.1 percent, as an increase in imports of food (3.5 percent) and machinery & transport equipment (4.1 percent) offset a decline in fuels (-10.2 percent), chemicals (-4 percent), material manufactures (-1.2 percent) and miscellaneous manufactures (-0.5 percent). Among major trading partners, imports of goods from the EU advanced 1 percent, boosted by increases in purchases from Germany (2.2 percent), France (8.6 percent), Belgium (5.5 percent), Italy (0.1 percent), Spain (2.8 percent) and Ireland (4.5 percent). Meanwhile, purchases from non-EU countries slumped 1 percent, due to purchases from China (-4.1 percent), Norway (-3.9 percent), Japan (-6.6 percent), Turkey (-15.8 percent) and India (-23.7 percent). Imports in the United Kingdom averaged 26355.16 GBP Million from 1955 until 2019, reaching an all time high of 63735 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 59100.00 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 59620.00 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.