United Kingdom Balance of Trade

Last Release
Sep 2019
Actual
-3360 GBP Million
Forecast
-3000000000 GBP Million
Previous
-1546 GBP Million
Frequency
Monthly
Units In
GBP Million
Next Release
Dec 10, 2019
Time to Release
24 Days 23 Hours
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Highest
Lowest
Average
Date Range
Source
2946 GBP Million
Mar 1981
-7646 GBP Million
Feb 2019
-1,305.91 GBP Million1955 - 2019Office for National Statistics
The UK's trade balance has been in deficit since 1998, due to deficits in trade in goods which are partly offset by surpluses in trade in services. The level of total UK trade in goods as a proportion of total trade in goods and services has been gradually declining since 1986 after peaking at 75 percent in 1985. This is consistent with the rising share of UK trade in services (35 percent of total trade in 2017). In 2017, the biggest goods deficits were recorded with Germany, China, the Netherlands, Norway, Belgium & Luxembourg and Italy; and the largest surpluses were recorded with the United States, Ireland and South Korea.

Latest Updates

The UK trade deficit rose to GBP 3.36 billion in September 2019 from an upwardly revised GBP 1.76 billion in the previous month. This was the largest monthly trade shortfall since May, as imports surged 3.9 percent while exports advanced at a slower 1.1 percent.

United Kingdom Balance of Trade History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Nov 11, 201910:59UK Posts Largest Trade Gap in 4 Months
Oct 10, 201909:38UK Trade Dedicit Narrows in August
Sep 9, 201909:46UK Trade Gap Widens Slightly in July
Aug 9, 201909:50UK Posts First Trade Surplus since 2011
Jul 10, 201910:12UK Trade Gap Narrows to 8-Month Low
Jun 10, 201911:07UK Posts Smallest Trade Gap in 7 Months
May 10, 201910:33UK Trade Gap Narrows in March
DATETIMEEVENT
Nov 11, 201909:30Balance of Trade
Oct 10, 201908:30Balance of Trade
Sep 9, 201908:30Balance of Trade
Aug 9, 201908:30Balance of Trade
Jul 10, 201908:30Balance of Trade
Jun 10, 201908:30Balance of Trade
May 10, 201908:30Balance of Trade

A Look at the Markets

Educational Pieces on Marco Indicators

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United Kingdom trade Indicators

All United Kingdom indicators
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Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Balance of Trade
-3,360
Sep 2019
-1,546
Aug 2019
-7,646
Feb 2019
2,946
Mar 1981
GBP MillionMonthly1955 - 2019
Capital Flows
20,873
Jun 2019
15,128
Mar 2019
-12,724
Mar 1997
40,826
Sep 2016
GBP MillionQuarterly1955 - 2019
Crude Oil Production
993
Jun 2019
1,050
May 2019
1
Apr 1975
2,821
Dec 1998
BBL/D/1KMonthly1973 - 2019
Current Account
-25,200
Jun 2019
-33,082
Mar 2019
-33,082
Mar 2019
2,668
Mar 1981
GBP MillionQuarterly1946 - 2019
Current Account to GDP
-4.3
Dec 2018
-3.5
Dec 2017
-5.2
Dec 2016
2.6
Dec 1950
%Yearly1948 - 2018
Exports
55,587
Sep 2019
55,494
Aug 2019
962
Jun 1955
56,206
Mar 2019
GBP MillionMonthly1955 - 2019

Balance of Trade across Europe

Balance of Trade global view
Scroll for more details
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
-27,280.1
Sep 2019
-31,606.5
Aug 2019
-39,313.2
Dec 2011
-974.05
Apr 1997
ALL MillionMonthly1993 - 2019
Armenia
-271.6
Sep 2019
-184.5
Aug 2019
-365.35
Dec 2008
-33.98
Aug 2003
USD MillionMonthly2003 - 2019
Austria
-889
Jul 2019
-25
Jun 2019
-1,256
Apr 1991
581
Nov 2014
EUR MillionMonthly1953 - 2019
Belarus
-238.6
Sep 2019
-134.1
Aug 2019
-1,414.9
Nov 2010
466.7
Mar 2012
USD MillionMonthly2000 - 2019
Belgium
1,446.1
Aug 2019
2,921.4
Jul 2019
-1,026.6
Aug 2008
2,921.4
Jul 2019
EUR MillionMonthly1993 - 2019
Bosnia and Herzegovina
-582,365.74
Sep 2019
-621,748.38
Aug 2019
-990,987.59
Dec 2005
-254,261.89
Oct 2000
BAM ThousandMonthly2000 - 2019
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