The UK goods deficit shrank to GBP 11.3 billion in November of 2021 from a downwardly revised GBP 11.8 billion in the previous month and compared with market expectations of a GBP 14.2 billion gap. It was the smallest trade shortfall since May, as exports surged 8.5 percent to a near two-year high of GBP 31.3 billion, driven by a 15.2 percent jump in exports to non-EU countries. Meanwhile, imports advanced at a slower 4.9 percent to a near one-year high of GBP 42.7 billion, amid higher sales to both EU countries (4.5 percent ) and non-EU countries (5.2 percent). source: Office for National Statistics

Goods Trade Balance in the United Kingdom averaged -3980.89 GBP Million from 1970 until 2021, reaching an all time high of 775 GBP Million in January of 1981 and a record low of -18430 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 - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

Goods Trade Balance in the United Kingdom is expected to be -12800.00 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 -16700.00 GBP Million in 2023 and -16200.00 GBP Million in 2024, 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.
Actual Previous Highest Lowest Dates Unit Frequency
-11337.00 -11807.00 775.00 -18430.00 1970 - 2021 GBP Million Monthly
Current Prices, SA

Calendar GMT Actual Previous Consensus TEForecast
2021-12-10 07:00 AM Oct £-13.93B £-14.74B £-14.059B £-14B
2022-01-14 07:00 AM Nov £-11.34B £-11.81B £-14.2B £-14.4B
2022-02-11 07:00 AM Dec £-11.34B

Related Last Previous Unit Reference
Balance of Trade 626.00 151.00 GBP Million Nov/21
Current Account -24444.00 -13462.00 GBP Million Sep/21
Current Account to GDP -3.50 -3.10 percent of GDP Dec/20
Imports 56444.00 54401.00 GBP Million Nov/21
Exports 57070.00 54552.00 GBP Million Nov/21
External Debt 7175906.00 7066169.00 GBP Million Sep/21
Foreign Direct Investment 17968.00 28795.00 GBP Million Sep/21
Capital Flows 10608.00 -3502.00 GBP Million Sep/21
Goods Trade Balance -11337.00 -11807.00 GBP Million Nov/21
Tourist Arrivals 277.00 195.00 Thousand Jun/21
Tourism Revenues 386.00 248.00 GBP Million Jun/21
Terms of Trade 101.80 101.50 points Apr/18