The United Kingdom recorded a trade deficit of 5699 GBP Million in May 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.

U.K. trade balance for 2023 was -18.71 billion US dollars, a 65.58% decline from 2022.

<ul style='margin-top:20px;'>

<li>U.K. trade balance for 2022 was <strong>-54.38 billion US dollars</strong>, a <strong>672.31% increase</strong> from 2021.</li>
<li>U.K. trade balance for 2021 was <strong>-7.04 billion US dollars</strong>, a <strong>146.75% decline</strong> from 2020.</li>
<li>U.K. trade balance for 2020 was <strong>15.06 billion US dollars</strong>, a <strong>137.85% decline</strong> from 2019.</li>
</ul>External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

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.

Goods Trade Balance in the United Kingdom increased to -21688 GBP Million in May from -23206 GBP Million in April of 2025. This dataset provides - United Kingdom Goods Trade Balance- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the trade balance of goods (exports minus imports of goods) in the United Kingdom from 2013 to 2023. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2023, 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.

Graph and download economic data for Trade Deficit in the United Kingdom (TDFUKA) from 1816 to 2016 about budget, academic data, United Kingdom, and trade.

Key information about UK's Trade Balance

• UK's Trade Balance recorded a deficit of 19.4 USD bn in Dec 2024, compared with a deficit of 25.6 USD bn in the previous month
• UK's Trade Balance data is updated monthly, available from Jan 1957 to Dec 2024, with an averaged value of -1.7 USD bn
• The data reached an all-time high of 3.4 USD bn in May 2013 and a record low of -39.2 USD bn in Oct 2024

CEIC calculates monthly Trade Balance from monthly Total Exports and monthly Total Imports and converts it into USD. UK Trade Info provides Total Exports and Total Imports in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Trade Balance prior to January 1996 is sourced from the International Monetary Fund.

Further information about UK's Trade Balance

• In the latest reports, UK's Total Exports reached 44.7 USD bn in Oct 2024, a decrease of 4.2% YoY (year-on-year)
• Total Imports recorded 74.7 USD bn in Nov 2024, an increase of 4.2% YoY (year-on-year)

In 2023, the United Kingdom had a total trade deficit of about 15 billion British pounds. A further breakdown of the UK's trade balance as displayed here indicates that the UK had a trade surplus with its trade in goods and services with countries outside the EU, whereas from its goods and services trade with the EU27 countries, the UK had a deficit of over 94.62 billion.

United Kingdom UK: Trade Balance: Countries or Area Not Specified data was reported at -39.607 USD mn in May 2018. This records an increase from the previous number of -136.556 USD mn for Apr 2018. United Kingdom UK: Trade Balance: Countries or Area Not Specified data is updated monthly, averaging -1.500 USD mn from Dec 1960 (Median) to May 2018, with 581 observations. The data reached an all-time high of 372.862 USD mn in Apr 2007 and a record low of -8.783 USD bn in Mar 2006. United Kingdom UK: Trade Balance: Countries or Area Not Specified 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.

EU UK: Trade Balance data was reported at -11,411.400 EUR mn in May 2018. This records an increase from the previous number of -13,005.300 EUR mn for Apr 2018. EU UK: Trade Balance data is updated monthly, averaging -9,799.500 EUR mn from Jan 1999 (Median) to May 2018, with 233 observations. The data reached an all-time high of 2,630.000 EUR mn in May 2013 and a record low of -23,833.700 EUR mn in Sep 2016. EU UK: Trade Balance data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s UK – Table UK.Eurostat: Trade Balance.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for United Kingdom (XTNTVA01GBM664S) from Jan 1957 to Apr 2025 about United Kingdom, trade, Net, and goods.

Goods Trade Balance Non-EU in the United Kingdom decreased to -9318 GBP Million in May from -8649 GBP Million in April of 2025. This dataset includes a chart with historical data for the United Kingdom Goods Trade Balance Non-EU.

EU UK: Trade Balance: swda data was reported at -13,404.400 EUR mn in May 2018. This records a decrease from the previous number of -13,219.400 EUR mn for Apr 2018. EU UK: Trade Balance: swda data is updated monthly, averaging -9,686.400 EUR mn from Jan 1999 (Median) to May 2018, with 233 observations. The data reached an all-time high of -89.000 EUR mn in May 2013 and a record low of -21,584.900 EUR mn in Sep 2016. EU UK: Trade Balance: swda data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s UK – Table UK.Eurostat: Trade Balance: Seasonally and Working Day Adjusted.

This statistics displays the trade balance (exports minus imports) of the United Kingdom with countries outside the European Union annually from 1999 to 2023. UK exports to non-EU countries were higher than imports in 2023, with the trade balance measuring approximately at ** billion British pounds.

Since the first quarter of 2016, the total trade deficit of the UK has widened, most notably in the first half of 2022. As of the second quarter of 202 the UK's trade balance reached 19 billion British pounds.

  UK’s EU and non-EU trade   UK runs a trade deficit with the EU, but this is not the case regarding trade with countries outside the European Union. Since 2012, the value of UK goods exported to non-EU countries has persistenly been greater than imports made from these countries, resulting in a healthy trade surplus.

  International UK trade after Brexit   Following the Brexit referendum of 2016,the UK government has sought to renew a number of trade agreements that come automatically with EU membership, such as Free Trade Agreements (FTA) and Economic Partnership Agreements (EPA).

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.

United Kingdom Trade Balance: sa: BoP: Goods data was reported at -20,809.000 GBP mn in Feb 2025. This records a decrease from the previous number of -18,219.000 GBP mn for Jan 2025. United Kingdom Trade Balance: sa: BoP: Goods data is updated monthly, averaging -8,276.000 GBP mn from Jan 1997 (Median) to Feb 2025, with 338 observations. The data reached an all-time high of -449.000 GBP mn in Jan 1997 and a record low of -23,545.000 GBP mn in Jan 2022. United Kingdom Trade Balance: sa: BoP: Goods data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.JA001: Trade Statistics: Current Prices: Seasonally Adjusted.

Revisions triangle for monthly total trade balance data, UK.