The goods gap in the UK widened to GBP 14.9 billion in August of 2021 from an upwardly revised GBP 14 billion in the previous month and exceeding market expectations of GBP 12 billion. It was the widest goods shortfall since last December, as exports fell 4.6 percent to GBP 25.8 billion whereas imports decreased at a softer 1 percent to GBP 40.7 billion. source: Office for National Statistics

Goods Trade Balance in the United Kingdom averaged -3930.40 GBP Million from 1970 until 2021, reaching an all time high of 775 GBP Million in January of 1981 and a record low of -18395 GBP Million in December of 2020. 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 2021.

Goods Trade Balance in the United Kingdom is expected to be -10800.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Goods Trade Balance is projected to trend around -14800.00 GBP Million in 2022 and -16700.00 GBP Million in 2023, according to our econometric models.

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United Kingdom Goods Trade Balance

United Kingdom Goods Trade Balance
In the UK, goods trade balance is equal to goods exports less goods imports.

United Kingdom Last Unit Reference Previous Highest Lowest
Balance of Trade -3716.00 GBP Million Aug/21 -2948.00 8131.00 -7792.00
Current Account -8605.00 GBP Million Jun/21 -8880.00 2817.00 -32541.00
Current Account to GDP -3.50 percent of GDP Dec/20 -3.10 2.70 -5.40
Imports 53486.00 GBP Million Aug/21 53755.00 65215.00 1031.00
Exports 49770.00 GBP Million Aug/21 50807.00 63845.00 962.00
External Debt 7092969.00 GBP Million Jun/21 7147294.00 7417554.00 565439.00
Foreign Direct Investment 19112.00 GBP Million Jun/21 3158.00 92093.00 -44536.00
Capital Flows 11258.00 GBP Million Jun/21 15501.00 45167.00 -12725.00
Goods Trade Balance -14927.00 GBP Million Aug/21 -14095.00 775.00 -18395.00
Tourist Arrivals 195.00 Thousand Mar/21 1386.00 11899.00 195.00
Tourism Revenues 248.00 GBP Million Mar/21 611.00 10088.00 218.00
Terms of Trade 101.80 points Apr/18 101.50 107.60 80.10