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United Kingdom Balance of Trade

Last Release
Aug 2021
Actual
-3716 GBP Million
Forecast
-0.1 GBP Million
Previous
-3117 GBP Million
Frequency
Monthly
Units In
GBP Million
Next Release
Nov 11, 2021
Time to Release
23 Days 14 Hours
Highest
Lowest
Average
Date Range
Source
6279 GBP Million
Dec 2019
-7518 GBP Million
Mar 2019
-1,249.71 GBP Million1955 - 2021Office 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 widened to GBP 3.7 billion in August of 2021 from a downwardly revised GBP 2.9 billion in the previous month. It was the largest trade shortfall since the end of the Brexit transition period in December last year. Exports fell 2 percent to a six-month low of GBP 49.8 billion, as goods shipments declined 4.6 percent whilst services sales rose 0.9 percent. Meanwhile, imports went down 0.5 percent to GBP 53.5 billion, as purchases of goods decreased 1 percent while those of services rose 1.2 percent.

United Kingdom Balance of Trade History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Oct 13, 202106:19UK Posts Largest Trade Gap in 8 Months
Sep 10, 202106:08UK Trade Gap Largest in 7 Months
Aug 12, 202106:14UK Posts Widest Trade Gap in 6 Months
Jan 13, 202010:35UK Posts Largest Trade Surplus on Record
Dec 10, 201912:05UK Trade Deficit Largest in 6 Months
Nov 11, 201910:59UK Posts Largest Trade Gap in 4 Months
Oct 10, 201909:38UK Trade Dedicit Narrows in August
DATETIMEEVENTActual
Oct 13, 202106:00Balance of Trade-3.7 B
Sep 10, 202106:00Balance of Trade-3.1 B
Aug 12, 202106:00Balance of Trade-2.5 B
Jul 9, 202111:00Balance of Trade0.9 B
Jun 11, 202106:00Balance of Trade-0.9 B
May 12, 202106:00Balance of Trade-2 B
Apr 13, 202106:00Balance of Trade-7.1 B

United Kingdom trade Indicators

All United Kingdom indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Balance of Trade
-3,716
Aug 2021
-3,117
Jul 2021
-7,518
Mar 2019
6,279
Dec 2019
GBP MillionMonthly1955 - 2021
Capital Flows
11,258
Jun 2021
27,999
Mar 2021
-12,724
Mar 1997
40,826
Sep 2016
GBP MillionQuarterly1955 - 2021
Crude Oil Production
1,019
Sep 2019
876
Aug 2019
1
Apr 1975
2,821
Dec 1998
BBL/D/1KMonthly1973 - 2019
Current Account
-8,605
Jun 2021
-12,828
Mar 2021
-35,312
Mar 2019
2,668
Mar 1981
GBP MillionQuarterly1946 - 2021
Current Account to GDP
-3.5
Dec 2020
-3.1
Dec 2019
-5.2
Dec 2016
2.7
Dec 1950
% of GDPYearly1948 - 2020
Exports
49,770
Aug 2021
48,715
Jul 2021
962
Jun 1955
64,286
Dec 2019
GBP MillionMonthly1955 - 2021

Balance of Trade across Europe

Balance of Trade global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
-37,098.8
Aug 2021
-39,485.3
Jul 2021
-39,485.3
Jul 2021
-974.05
Apr 1997
ALL MillionMonthly1993 - 2021
Armenia
-157
Aug 2021
-198.9
Jul 2021
-440
Dec 2019
-33.98
Aug 2003
USD MillionMonthly2003 - 2021
Austria
-258
Dec 2019
-264
Nov 2019
-1,256
Apr 1991
581
Nov 2014
EUR MillionMonthly1953 - 2019
Belarus
-50.4
Aug 2021
-58.3
Jul 2021
-1,414.9
Nov 2010
466.7
Mar 2012
USD MillionMonthly2000 - 2021
Belgium
2,390.1
Aug 2021
4,381
Jul 2021
-1,026.6
Aug 2008
4,381
Jul 2021
EUR MillionMonthly1993 - 2021
Bosnia and Herzegovina
-649,709.22
Aug 2021
-628,067.25
Jul 2021
-990,987.59
Dec 2005
-254,261.89
Oct 2000
BAM ThousandMonthly2000 - 2021

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