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United Kingdom Balance of Trade

Last Release
Mar 2020
Actual
-6676 GBP Million
Forecast
5400000000 GBP Million
Previous
-2793 GBP Million
Frequency
Monthly
Units In
GBP Million
Next Release
Jun 10, 2020
Time to Release
16 Days 7 Hours
Highest
Lowest
Average
Date Range
Source
6279 GBP Million
Dec 2019
-7518 GBP Million
Mar 2019
-1,252.14 GBP Million1955 - 2020Office 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 posted a trade surplus of GBP 4.03 billion in November 2019, the biggest since monthly records began, compared to a revised GBP 1.34 billion deficit in the previous month.

United Kingdom Balance of Trade History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
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
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
DATETIMEEVENTActual
May 13, 202006:00Balance of Trade-6.7 B
Apr 9, 202006:00Balance of Trade-2.8 B
Mar 11, 202009:30Balance of Trade4.2 B
Feb 11, 202009:30Balance of Trade7.72 B
Jan 13, 202009:30Balance of Trade4.03 B
Dec 10, 201909:30Balance of Trade-5.19 B
Nov 11, 201909:30Balance of Trade-3.36 B

A Look at the Markets

Educational Pieces on Marco Indicators

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United Kingdom trade Indicators

All United Kingdom indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Balance of Trade
-6,676
Mar 2020
-2,793
Feb 2020
-7,518
Mar 2019
6,279
Dec 2019
GBP MillionMonthly1955 - 2020
Capital Flows
14,655
Dec 2019
35,873
Sep 2019
-12,724
Mar 1997
40,826
Sep 2016
GBP MillionQuarterly1955 - 2019
Crude Oil Production
1,019
Sep 2019
876
Aug 2019
1
Apr 1975
2,821
Dec 1998
BBL/D/1KMonthly1973 - 2019
Current Account
-5,551
Dec 2019
-19,924
Sep 2019
-35,312
Mar 2019
2,668
Mar 1981
GBP MillionQuarterly1946 - 2019
Current Account to GDP
-3.8
Dec 2019
-3.9
Dec 2018
-5.2
Dec 2016
2.7
Dec 1950
%Yearly1948 - 2019
Exports
48,391
Mar 2020
56,061
Feb 2020
962
Jun 1955
64,286
Dec 2019
GBP MillionMonthly1955 - 2020

Balance of Trade across Europe

Balance of Trade global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
-21,368
Apr 2020
-26,559
Mar 2020
-39,313.2
Dec 2011
-974.05
Apr 1997
ALL MillionMonthly1993 - 2020
Armenia
-177.4
Mar 2020
-169.2
Feb 2020
-440
Dec 2019
-33.98
Aug 2003
USD MillionMonthly2003 - 2020
Austria
-258
Dec 2019
-264
Nov 2019
-1,256
Apr 1991
581
Nov 2014
EUR MillionMonthly1953 - 2019
Belarus
-324.9
Mar 2020
-179.1
Feb 2020
-1,414.9
Nov 2010
466.7
Mar 2012
USD MillionMonthly2000 - 2020
Belgium
1,738.8
Mar 2020
1,871.3
Feb 2020
-1,026.6
Aug 2008
3,030.1
Jul 2019
EUR MillionMonthly1993 - 2020
Bosnia and Herzegovina
-534,954.66
Mar 2020
-690,060.49
Feb 2020
-990,987.59
Dec 2005
-254,261.89
Oct 2000
BAM ThousandMonthly2000 - 2020

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