Imports to the United Kingdom went up only 0.1 percent month-over-month to GBP 56.63 billion in December 2019 as UK companies tried to ran down the stocks of foreign goods bought in earlier months in anticipation of no-deal Brexit. Goods purchases dropped 0.1 percent, dragged down by machinery & transport equipment (-4.7 percent); material manufactures (-2.9 percent); chemicals (-2.3 percent); and beverages & tobacco (-2.3 percent). Meanwhile, services imports increased 0.7 percent. Imports from the EU fell 0.2 percent due to lower purchases from the Netherlands (-2.5 percent), Italy (-2.1 percent), Spain (-1.2 percent) and Ireland (-3.7 percent). Imports from Germany rose 4.3 percent. Purchases from non-EU countries were little changed, as lower shipments from the US (-1.8 percent), China (-5.9 percent), Japan (-2.5 percent) and Turkey (-5.3 percent) offset growth from Norway (6.9 percent), Russia (28.1 percent), South Africa (83.2 percent) and Switzerland (14.3 percent).
Imports in the United Kingdom averaged 26660.19 GBP Million from 1955 until 2019, reaching an all time high of 65066 GBP Million in March of 2019 and a record low of 1031 GBP Million in June of 1955. This page provides - United Kingdom Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Office for National Statistics
Imports in the United Kingdom is expected to be 68200.00 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 67800.00 in 12 months time. In the long-term, the United Kingdom Imports is projected to trend around 64500.00 GBP Million in 2021, according to our econometric models.