Imports of goods and services to the UK edged up 0.1 percent from a month earlier to GBP 56.86 billion in November 2018. The slight increase was driven by a 0.5 percent advance in purchases of services, while goods imports were unchanged. Within goods commodities, an increase in imports of fuels, food & live animals and material manufactures was offset by declines in purchases of machinery & transport equipment, chemicals and miscellaneous manufactures. Among major trading partners, imports from the EU increased 1.5 percent, mainly from the Netherlands (3.6 percent), Ireland (4.2 percent), Sweden (25.9 percent) and Denmark (5 percent), while a decline was recorded in imports from Germany (-1.4 percent), France (-2.4 percent) and Italy (-1 percent). By contrast, imports of goods from non-EU countries went down 1.7 percent, as purchases decreased mainly from the US (-2.2 percent), Norway (-12.9 percent) and Japan (-11.9 percent); while those from China rose 1.8 percent. Imports in the United Kingdom averaged 25471.36 GBP Million from 1955 until 2018, reaching an all time high of 57009 GBP Million in August of 2018 and a record low of 1031 GBP Million in June of 1955.
Imports in the United Kingdom is expected to be 57100.00 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 59100.00 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.