Imports to the UK advanced 1.2 percent from the previous month to GBP 49.72 billion in October of 2020, following a 7.7 percent surge in the prior month. Goods purchases grew 2.8 percent while services imports declined 3.7 percent. Within goods, imports rose mostly for chemicals (9.6 percent); miscellaneous manufactures (6.1 percent); fuels (3.7 percent); food & live animals (2.1 percent); beverages & tobacco (9.5 percent) and crude materials (1.9 percent). Acquisitions of unspecified goods which include precious metals such as non-monetary gold, silver, platinum and palladium surged 105 percent. Imports of goods increased 3.7 percent from the EU and went up 1.8 percent from countries outside the EU. source: Office for National Statistics
Imports in the United Kingdom averaged 27104.56 GBP Million from 1955 until 2020, reaching an all time high of 64610 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. United Kingdom Imports - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Imports in the United Kingdom is expected to be 45800.00 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 49100.00 in 12 months time. In the long-term, the United Kingdom Imports is projected to trend around 51500.00 GBP Million in 2021 and 55500.00 GBP Million in 2022, according to our econometric models.