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 270.48 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. As of 2014, services contributed close to 80 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 2.72 percent in an optimistic scenario, with the pessimistic scenario estimating negative growth of around 7.7 percent.

The United Kingdom recorded a trade deficit of 3696 GBP Million in March 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 -41.49 billion US dollars, a 49.64% decline from 2022.

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

<li>U.K. trade balance for 2022 was <strong>-82.37 billion US dollars</strong>, a <strong>1602.37% increase</strong> from 2021.</li>
<li>U.K. trade balance for 2021 was <strong>-4.84 billion US dollars</strong>, a <strong>129.43% decline</strong> from 2020.</li>
<li>U.K. trade balance for 2020 was <strong>16.44 billion US dollars</strong>, a <strong>141.32% 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 47.7 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 83.9 billion British pounds worth of such equipment.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for United Kingdom (XTNTVA01GBQ667S) from Q1 1957 to Q4 2024 about United Kingdom, trade, Net, and goods.

In the first 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 238 billion pounds, resulting in a trade deficit of around 10.6 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.

The United Kingdom's total Exports in 2024 were valued at US$512.78 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$815.43 Billion. In 2024, The United Kingdom had a trade deficit of US$302.65 Billion.

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.

The statistic shows the trade balance of services (exports minus imports of services) 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 estimated trade balance of services in the United Kingdom amounted to about 191.59 billion U.S. dollars.

US: Trade Balance: Advanced Economies: United Kingdom data was reported at 2.486 USD bn in Mar 2018. This records an increase from the previous number of 375.398 USD mn for Dec 2017. US: Trade Balance: Advanced Economies: United Kingdom data is updated quarterly, averaging 0.200 USD mn from Mar 1960 (Median) to Mar 2018, with 233 observations. The data reached an all-time high of 2.486 USD bn in Mar 2018 and a record low of -5.013 USD bn in Dec 2005. US: Trade Balance: Advanced Economies: United Kingdom data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Trade Balance: by Country: Quarterly.

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 170 billion US dollars this grew to 225.4 billion US dollars in 2016.

United States Exports to United Kingdom was US$79.89 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Exports to United Kingdom - data, historical chart and statistics - was last updated on June of 2025.

United Kingdom Exports to United States was US$72.33 Billion during 2024, according to the United Nations COMTRADE database on international trade. United Kingdom Exports to United States - data, historical chart and statistics - was last updated on May of 2025.

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.

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.

The United States was the leading country for exports from the United Kingdom in 2024, with 16.1 percent of all UK exports going to this market. Germany was the second-largest export market for the UK in this year, followed by the Netherlands, with these countries accounting for 8.8 and 7.7 percent of UK exports respectively. During this year, cars were the most valuable goods commodity exported from the UK, while general business services were the most valuable type of service exported from the UK. UK imports most from Germany Although the United States was the largest export market, Germany was the country from which the UK imported the highest share of goods, with 12.5 percent of the UK’s imports coming from the country in 2024. The United States was the second-largest source of imports for the UK, with ten percent originating from there in 2024, with China a close third at 9.8 percent of UK imports. The main types of trade goods imported from the rest of the world in the UK included cars, oil, and mechanical power generators. The Balance of Trade In the fourth quarter of 2024, the United Kingdom had an overall trade deficit of over 11.5 billion pounds. Although service exports from the UK to the rest of the world amounted to more than 119.9 billion pounds, the UK imported far more goods than it exported, resulting in a goods trade deficit of 55.4 billion pounds, bringing down the overall trade balance. As of 2023, the UK was behind only the U.S. when it came to the overall size of the trade deficit.

U.S. trade balance for 2023 was -797.34 billion US dollars, a 16.85% decline from 2022.

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

<li>U.S. trade balance for 2022 was <strong>-958.94 billion US dollars</strong>, a <strong>11.5% increase</strong> from 2021.</li>
<li>U.S. trade balance for 2021 was <strong>-860.03 billion US dollars</strong>, a <strong>37.34% increase</strong> from 2020.</li>
<li>U.S. trade balance for 2020 was <strong>-626.20 billion US dollars</strong>, a <strong>8.47% increase</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.