The goods deficit in the UK widened to GBP 16.4 billion in February of 2021from an upwardly revised GBP 12.6 billion in the prior month and compared with market expectations of a GBP 10.4 billion shortfall. It was the largest goods deficit since March of 2019, as imports jumped 17.4 percent while exports rose at a slower 9.9 percent. source: Office for National Statistics

Goods Trade Balance in the United Kingdom averaged -3677.04 GBP Million from 1970 until 2021, reaching an all time high of 775 GBP Million in January of 1981 and a record low of -16737 GBP Million in February of 2019. This page provides - United Kingdom Goods Trade Balance- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Goods Trade Balance - values, historical data and charts - was last updated on April of 2021.

Goods Trade Balance in the United Kingdom is expected to be -13260.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Goods Trade Balance in the United Kingdom to stand at -12800.00 in 12 months time. In the long-term, the United Kingdom Goods Trade Balance is projected to trend around -14800.00 GBP Million in 2022 and -16700.00 GBP Million in 2023, according to our econometric models.

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United Kingdom Goods Trade Balance

Actual Previous Highest Lowest Dates Unit Frequency
-16442.00 -12592.00 775.00 -16737.00 1970 - 2021 GBP Million Monthly
Current Prices, SA


United Kingdom Goods Trade Balance
In the UK, goods trade balance is equal to goods exports less goods imports.