The UK goods trade deficit widened to GBP 9.01 billion in August 2020 from a downwardly revised GBP 7.87 billion in the previous month and compared to market expectations of a GBP 9 billion gap. It was the largest goods trade shortfall in five months, as imports surged 3.7 percent to GBP 35.26 billion while exports rose only 0.4 percent to GBP 26.25 billion.
Goods Trade Balance in the United Kingdom averaged -3573.95 GBP Million from 1970 until 2020, reaching an all time high of 775 GBP Million in January of 1981 and a record low of -16637 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 October of 2020. source: Office for National Statistics
Goods Trade Balance in the United Kingdom is expected to be -13200.00 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 -12200.00 in 12 months time. In the long-term, the United Kingdom Goods Trade Balance is projected to trend around -10800.00 GBP Million in 2021 and -14800.00 GBP Million in 2022, according to our econometric models.