Imports to the UK plummeted 18.5 percent from the previous month to a near ten-year low of GBP 43 billion in January of 2021, following the end of EU exit transition period and the reintroduction of COVID-19 restrictions on activity. Purchases of goods slipped 22.8 percent and acquisitions of services fell 2.4 percent. Within goods, purchases fell mostly for machinery & transport equipment (-21.9 percent), in particular cars; chemicals (-30.1 percent); material manufactures (-19.2 percent) and miscellaneous manufacturers (-28.3 percent). Also, acquisitions of unspecified goods which include precious metals such as non-monetary gold, silver, platinum and palladium tumbled 80.5 percent. Imports of goods shrank 28.9 percent from the EU and declined 15.4 percent from countries outside the EU. source: Office for National Statistics
Imports in the United Kingdom averaged 27234.18 GBP Million from 1955 until 2021, reaching an all time high of 64572 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 April of 2021.
Imports in the United Kingdom is expected to be 45900.00 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 51500.00 in 12 months time. In the long-term, the United Kingdom Imports is projected to trend around 55500.00 GBP Million in 2022 and 57100.00 GBP Million in 2023, according to our econometric models.