The statistic shows the trade balance of goods (exports minus imports of goods) in the United Kingdom from 2014 to 2024. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2024, the trade deficit of goods in the United Kingdom amounted to about ****** billion U.S. dollars. On the effects of Brexit on the UK's economy The United Kingdom has maintained a trade deficit over the last ten years, but now that the country has chosen to leave the European Union, current trade agreements will need to be renegotiated and trade relationships and the trade balance will change. As of 2015, one of the UK’s most important import and export partners was Germany, but it also trades heavily with many other countries within the European Union; more than half of total value of the UK trade in goods is associated with European Union countries. Trade agreements which have been negotiated by the European Union extend beyond member countries, and the United Kingdom will now have to renegotiate its own trade deals with a far larger number of countries by itself. It remains to be seen as to how the UK will manage these negotiations. Another big question is how the UK banking sector will be able to access the European market. Services contributed close to ** percent of UK GDP, which includes banking services. While it is too soon predict how Brexit will impact the United Kingdom entirely, estimates of the decision’s long term effects estimate negative GDP growth of around **** percent in an optimistic scenario, with the pessimistic scenario estimating negative growth of around *** percent.

The United Kingdom recorded a trade deficit of 5260 GBP Million in July of 2025. This dataset provides - United Kingdom Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In the first quarter of 2025, the United Kingdom had a trade deficit of 10.6 billion British pounds, due to a 59 billion pound deficit in goods trade offset by a 48 billion pound trade surplus in services.

The United Kingdom imports more services and goods from the European Union than exporting them. Although this has been the case since at least 1999, after 2011 the UK-EU trade balance has been more pronounced as the present statistic lays out. When it comes to the UK’s trade with non-EU countries, the picture is decidedly different. Since 2012, the value of UK exports to non-EU countries was higher than the imports, which resulted in a trade surplus. US biggest export market, but EU weighs heavier As of 2023, the UK’s largest export market was outside the European Union. Yet taken as a bloc, the European Union still accounts for a large chunk of the UK’s international trade. Among these, Germany, the Netherlands, and France rank as the main export partners of the UK. UK-EU trade: most important commodities Machinery and transport equipment were the biggest trade commodity exported by the UK to the EU countries in 2020. The value of such exports were roughly **** billion British pounds. In the same year, the UK imported more machinery and transport equipment from the EU than exported them. In total, the UK imported approximately **** billion British pounds worth of such equipment.

This statistic displays the annual value of the trade balance in the United Kingdom (UK) from 2011 to 2016. In 2011 the UK's trade deficit was reduced to *** billion US dollars this grew to ***** billion US dollars in 2016.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for United Kingdom (XTNTVA01GBQ667S) from Q1 1957 to Q2 2025 about United Kingdom, trade, Net, and goods.

In the second quarter of 2025, the value of exports from the United Kingdom amounted to approximately 227 billion British pounds, while imports to the country amounted to around 241 billion pounds, resulting in a trade deficit of around 14.4 billion pounds in this quarter. During this time period, the value of UK exports was highest in the fourth quarter of 2022, with the value of imports peaking in the third quarter of 2022. The UK's main trade partners Despite the UK leaving the EU in 2020 following the Brexit referendum of 2016, Europe remains the main destination for UK exports, with almost half of UK exports heading there in 2023. During the same year, just over 60 percent of imports came from European countries, compared with around 17.9 percent from countries in Asia, and 11.8 percent from the Americas. In terms of individual countries, the United States was the UK's leading export partner for both goods and services from the UK, while Germany was the main source of UK goods imports, and the U.S. for service imports. It is as yet unclear how the return of Donald Trump to the White House will impact UK/US trade relations, should the President follow through with threats made on the campaign trail to increase trade tariffs. Brexit rethink under Starmer? Although generally more pro-European than the previous government, the new Labour government, led by Keir Starmer, does not plan to rejoin the European Union, or the Single Market. Public opinion, while gradually turning against Brexit recently, has not coalesced around a particular trading relationship. In late 2023, a survey indicated that while 31 percent of British adults wanted to rejoin the EU, a further 30 percent wanted to simply improve relations with the EU, instead of rejoining. Just 11 percent of respondents wanted to join the single market but not the EU, while 10 percent were happy with the relationship as it was. At the start of 2025, after several months in office, the new government has not signalled any major change in direction regarding on this, but has broadly signalled it wants a better relationship with the EU.

UK: Trade Balance: Advanced Economies: United States data was reported at 591.022 USD mn in Mar 2018. This records an increase from the previous number of 37.250 USD mn for Dec 2017. UK: Trade Balance: Advanced Economies: United States data is updated quarterly, averaging -83.000 USD mn from Mar 1960 (Median) to Mar 2018, with 233 observations. The data reached an all-time high of 5.067 USD bn in Dec 2005 and a record low of -2.928 USD bn in Mar 1998. UK: Trade Balance: Advanced Economies: United States data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s UK – Table UK.IMF.DOT: Trade Balance: by Country: Quarterly.

United Kingdom UK: Trade Balance: Advanced Economies: United States data was reported at 55.858 USD mn in May 2018. This records an increase from the previous number of -598.893 USD mn for Apr 2018. United Kingdom UK: Trade Balance: Advanced Economies: United States data is updated monthly, averaging -25.800 USD mn from Jan 1960 (Median) to May 2018, with 701 observations. The data reached an all-time high of 1.979 USD bn in Sep 2005 and a record low of -1.878 USD bn in Aug 2016. United Kingdom UK: Trade Balance: Advanced Economies: United States data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s UK – Table UK.IMF.DOT: Trade Balance: by Country: Monthly.

In 2024, China was the country with the highest trade surplus, with approximately ****** billion U.S. dollars. The leading trade nations Typically a trade surplus indicates a sign of economic success and a trade deficit indicates an economic weakness. However, if that were true, then the top four, China, Germany, Russia and Netherlands, would be considered the best performing countries in the world. However, this would mean that the United States, Great Britain, India and France would be among the weakest nations considering that they are four countries with the highest trade deficit. In fact, they are leading industrial nations. While China is known for producing and exporting products at a competitive price, it has undervalued its exchange rate in order to promote exports. However, China is now working to reduce its reliance on exports even though they continue to export large and increasing quantities of goods. In the case of Germany, the value of the euro may not be high enough, however growth concerning the value of exports has slowed over the past few years. In contrast, the value of the dollar in the United States may be too high, favoring imports as opposed to exports.

The United Kingdom: Trade balance, billion USD: The latest value from 2023 is -18.84 billion U.S. dollars, an increase from -58.86 billion U.S. dollars in 2022. In comparison, the world average is 4.81 billion U.S. dollars, based on data from 148 countries. Historically, the average for the United Kingdom from 1970 to 2023 is -19.53 billion U.S. dollars. The minimum value, -60 billion U.S. dollars, was reached in 2007 while the maximum of 14.66 billion U.S. dollars was recorded in 1981.

United Kingdom UK: Trade Balance: Advanced Economies: United States data was reported at -2.224 USD bn in 2017. This records a decrease from the previous number of 1.413 USD bn for 2016. United Kingdom UK: Trade Balance: Advanced Economies: United States data is updated yearly, averaging -375.550 USD mn from Dec 1948 (Median) to 2017, with 70 observations. The data reached an all-time high of 16.026 USD bn in 2005 and a record low of -6.699 USD bn in 1998. United Kingdom UK: Trade Balance: Advanced Economies: United States data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s UK – Table UK.IMF.DOT: Trade Balance: by Country: Annual.

As of the first quarter of 2025, the value of goods exported to the European Union from the United Kingdom was over 42.1 billion British pounds, compared with around 76.7 billion pounds of goods imported, resulting in a negative goods trade balance with the EU of around approximately 34.6 billion pounds.

United Kingdom UK: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: American Samoa data was reported at 0.509 USD mn in 2017. This records a decrease from the previous number of 1.422 USD mn for 2016. United Kingdom UK: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: American Samoa data is updated yearly, averaging 0.545 USD mn from Dec 2002 (Median) to 2017, with 16 observations. The data reached an all-time high of 7.525 USD mn in 2005 and a record low of -3.836 USD mn in 2007. United Kingdom UK: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: American Samoa data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s UK – Table UK.IMF.DOT: Trade Balance: by Country: Annual.

The statistic shows the trade balance of services (exports minus imports of services) in the United Kingdom from 2014 to 2024. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2024, the estimated trade balance of services in the United Kingdom amounted to about ****** billion U.S. dollars.

The United Kingdom's total Exports in 2024 were valued at US$508.69 Billion, according to the United Nations COMTRADE database on international trade. The United Kingdom's main export partners were: the United States, China and Germany. The top three export commodities were: Machinery, nuclear reactors, boilers; Pearls, precious stones, metals, coins and Vehicles other than railway, tramway. Total Imports were valued at US$809.21 Billion. In 2024, The United Kingdom had a trade deficit of US$300.52 Billion.

United Kingdom UK: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: American Samoa data was reported at 0.090 USD mn in Mar 2018. This records an increase from the previous number of -0.015 USD mn for Dec 2017. United Kingdom UK: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: American Samoa data is updated quarterly, averaging 0.076 USD mn from Mar 2002 (Median) to Mar 2018, with 65 observations. The data reached an all-time high of 2.557 USD mn in Sep 2005 and a record low of -3.515 USD mn in Dec 2007. United Kingdom UK: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: American Samoa data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s UK – Table UK.IMF.DOT: Trade Balance: by Country: Quarterly.

India recorded a trade deficit of 26.49 USD Billion in August of 2025. This dataset provides the latest reported value for - India Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The United States is the European Union's biggest trading partner as of 2023, with the total value of trade between the EU and the North American country exceeding ****billion dollars. China was the EU's second-largest trading partner, however, in contrast to the substantial trade surplus that the EU has with the United States, the EU has a large trade deficit with China. In 2022, the EU imported *** billion euros worth of goods from China than it exported to the East Asian country. Other prominent trade partners included the UK, Switzerland, and Turkey.