The United Kingdom recorded a trade deficit of 7026 GBP Million in April of 2025. This dataset provides - United Kingdom Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Over **** of the United Kingdom's exports went to countries in Europe in 2024. European countries were collectively the main import market for the UK, with **** percent originating from there. Trade to countries in the Asia-Pacific region accounted for **** percent of imports and **** percent of exports.

Trade (% of GDP) in United Kingdom was reported at 63.88 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Kingdom - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

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.

Graph and download economic data for International Merchandise Trade Statistics: Exports: Commodities for United Kingdom (XTEXVA01GBM664S) from Jan 1955 to Apr 2025 about exports, United Kingdom, trade, 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 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.

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.

United Kingdom UK: Goods Trade: % of GDP data was reported at 41.528 % in 2017. This records an increase from the previous number of 39.457 % for 2016. United Kingdom UK: Goods Trade: % of GDP data is updated yearly, averaging 37.803 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 45.255 % in 1977 and a record low of 29.045 % in 1967. United Kingdom UK: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;

Trade in services (% of GDP) in United Kingdom was reported at 27 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Kingdom - Trade in services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Graph and download economic data for Trade Volumes: Import Volumes in the United Kingdom (TVIMPUKQ) from Q1 1955 to Q4 2016 about academic data, imports, United Kingdom, and trade.

Graph and download economic data for International Trade: Imports: Value (Goods): Total for United Kingdom (XTIMVA01GBA188S) from 1960 to 2022 about imports, United Kingdom, trade, and goods.

The value of service exports from the United Kingdom amounted to over 134 billion British pounds in the first quarter of 2025, compared with almost 86 billion pounds worth of services imported, giving the UK a service trade surplus of around 48.6 billion pounds.

Imports in the United Kingdom decreased to 79693 GBP Million in March from 80426 GBP Million in February of 2025. This dataset provides - United Kingdom Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Sales: Retail Trade: Total Retail Trade: Volume for United Kingdom (SLRTTO01GBA657S) from 1958 to 2024 about United Kingdom, retail trade, sales, and retail.

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).

United Kingdom UK: Trade Balance: Emerging and Developing Economies: Sub-Saharan Africa: Madagascar data was reported at -12.117 USD mn in 2017. This records an increase from the previous number of -24.460 USD mn for 2016. United Kingdom UK: Trade Balance: Emerging and Developing Economies: Sub-Saharan Africa: Madagascar data is updated yearly, averaging -1.650 USD mn from Dec 1948 (Median) to 2017, with 70 observations. The data reached an all-time high of 17.900 USD mn in 1980 and a record low of -55.938 USD mn in 2014. United Kingdom UK: Trade Balance: Emerging and Developing Economies: Sub-Saharan Africa: Madagascar 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.

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.

Quarterly estimates of total trade, trade in goods, and trade in services by country, non-seasonally adjusted.