The timeline shows the total value of U.S. trade in goods (export and import) with the United Kingdom from 2000 to 2023. In 2023, the total value of U.S. trade in goods with the United Kingdom amounted to 138 billion U.S. dollars; composed of exports worth 74 billion U.S. dollars and imports of 64 billion U.S. dollars.

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.

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 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.

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.

This graph shows the growth in the U.S. export volume of trade goods to the United Kingdom from 1985 to 2023. In 2023, U.S. exports to the United Kingdom amounted to about 74.09 billion U.S. dollars.

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.

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.

Imports: CIF: 3-Digit: UK: Aircraft and Associated Equipment data was reported at 143.955 USD mn in Aug 2018. This records an increase from the previous number of 140.887 USD mn for Jul 2018. Imports: CIF: 3-Digit: UK: Aircraft and Associated Equipment data is updated monthly, averaging 110.088 USD mn from Jan 1996 (Median) to Aug 2018, with 272 observations. The data reached an all-time high of 289.132 USD mn in Oct 1997 and a record low of 60.900 USD mn in Jun 2002. Imports: CIF: 3-Digit: UK: Aircraft and Associated Equipment data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA110: Trade Statistics: United Kingdom: Imports: CIF: SITC.

Monthly report that provides national trade data including imports, exports, and balance of payments for goods and services. Statistics are also reported on a year-to-date basis. Data are continuously compiled and processed. Documents are collected as shipments arrive and depart, and are processed on a flow basis. The BEA uses the data to update U.S. balance of payments, gross domestic product, and national accounts. Other federal agencies use them for economic, financial, and trade policy analysis (such as import/export promotion studies and import/export price indexes). Private businesses and trade associations use them for domestic and overseas market analysis, and industry-, product-, and area-based business planning. Major print and electronic news media use them for general and business news reports.

United Kingdom Imports from United States was US$92.69 Billion during 2024, according to the United Nations COMTRADE database on international trade. United Kingdom Imports from United States - data, historical chart and statistics - was last updated on June of 2025.

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.

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.

Key Provisions of the India–UK FTA

• Tariff Reductions: India will eliminate tariffs on 99% of British goods, including whisky, automobiles, and medical devices. Conversely, the UK will reduce tariffs on Indian exports such as textiles, leather, and engineering goods. Notably, whisky tariffs in India will decrease from 150% to 75%, with a further reduction to 40% over the next decade.
• Trade Volume Increase: The FTA is expected to boost bilateral trade by £25.5 billion annually by 2040, contributing an additional £4.8 billion to the UK's GDP each year.
• Labor Mobility: The agreement includes a "Double Contribution Convention," exempting Indian professionals temporarily posted to the UK from paying national insurance contributions for up to three years. This provision aims to facilitate the movement of skilled labor between the two countries.
• Investment Protections: An investment treaty accompanying the FTA will allow companies to sue either government if they believe policy changes unfairly harm their investment or profits. This mechanism is designed to protect investors against potential unfair treatment under local laws.

Imports: 2-Digit: UK: Dyeing, Tanning and Coloring Materials data was reported at 18.802 USD mn in May 2018. This records an increase from the previous number of 13.560 USD mn for Apr 2018. Imports: 2-Digit: UK: Dyeing, Tanning and Coloring Materials data is updated monthly, averaging 13.783 USD mn from Jan 1996 (Median) to May 2018, with 269 observations. The data reached an all-time high of 24.028 USD mn in Apr 2005 and a record low of 7.436 USD mn in May 2009. Imports: 2-Digit: UK: Dyeing, Tanning and Coloring Materials data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA109: Trade Statistics: United Kingdom: Imports: Customs: SITC.

United States Imports from United Kingdom of Aluminum, unwrought was US$941.27 Thousand during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from United Kingdom of Aluminum, unwrought - data, historical chart and statistics - was last updated on June of 2025.

United Kingdom Exports of iron and steel to United States was US$353.92 Million during 2024, according to the United Nations COMTRADE database on international trade. United Kingdom Exports of iron and steel to United States - data, historical chart and statistics - was last updated on May of 2025.

In the year 2022, the value of trade goods imported into the United Kingdom from the United States was around 97.8 billion U.S. dollars. Import value of trade goods into the UK from the US has generally increased in the time period between 2012 and 2022.

United States Exports of articles of iron or steel to United Kingdom was US$545.5 Million during 2024, according to the United Nations COMTRADE database on international trade. United States Exports of articles of iron or steel to United Kingdom - data, historical chart and statistics - was last updated on June of 2025.

Cars were the most valuable type of commodity exported from the United Kingdom in 2024, with exports of this commodity valued at approximately 32.9 billion British pounds. Mechanical power generators were the second-most valuable commodity in 2024, with an export value of around 32.7 billion pounds in this year. By comparison, the most valuable import commodity was also cars, amounting to over 38.4 billion British pounds. The next most valuable import commodity was medicinal and pharmaceutical products at over 27.2 million pounds in this year. UK main trading partners Although the share of both imports and exports from the European Union has been declining recently, the single market is still by far the UK's main trading partner. In terms of individual countries, the United States was the main export partner in 2024 at 16.1 percent of all exports, while Germany was the UK's main import partner with 12.5 percent of imports coming from there in 2024. A main argument of the Leave vote, was that the UK should seek to improve up its trade with the rest of the world, outside of Europe. The success of this 'Global Britain' strategy, depends on the UK significantly scaling up its trade with other continents, with countries outside of Europe still responsible for far less trade than European ones. Brexit and EU trade At the start of 2021, the United Kingdom exited both the European Single Market and the European Customs Union, with the UK's trading relationship with the EU now determined by a new Trade and Cooperation Agreement (TCA). Although the TCA continued tariff and quota-free goods trade between the EU and UK, a number of customs checks came into force, increasing trade friction between the two parties. The status of Northern Ireland in the initial agreement was also different from the rest of the UK. Goods entering Northern Ireland from Great Britain were initially subject to customs checks, to prevent customs checks occurring at the border with the Republic of Ireland. In February 2023, it was announced that under a new EU-UK agreement called the Windsor Framework, some goods entering Northern Ireland from Britain will be subject to fewer checks.