The UK goods shortfall widened to GBP 16 billion in November of 2020 from GBP 13.3 billion in the previous month and beating market expectations of a GBP 10.2 billion gap. It was the largest goods shortfall since March of 2019, as imports jumped 11.9 percent to a near two-year high of GBP 43.8 billion. Meantime, exports advanced at a slower 7.5 percent to a ten month-high of GBP 27.7 billion. source: Office for National Statistics
Goods Trade Balance in the United Kingdom averaged -3627.07 GBP Million from 1970 until 2020, 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 January of 2021.
Goods Trade Balance in the United Kingdom is expected to be -10200.00 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 -10800.00 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, according to our econometric models.