United Kingdom Balance of Trade 1955-2015 | Data | Chart | Calendar

The United Kingdom recorded a trade deficit of 1601 GBP Million in June of 2015. Balance of Trade in the United Kingdom averaged -1294.38 GBP Million from 1955 until 2015, reaching an all time high of 2946 GBP Million in March of 1981 and a record low of -5397 GBP Million in March of 2008. Balance of Trade in the United Kingdom is reported by the Office for National Statistics.

United Kingdom Balance of Trade
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
-1601.00 -885.00 2946.00 -5397.00 1955 - 2015 GBP Million Monthly
Since 1998, the United Kingdom has been running consistent trade deficits mainly due to increase in demand of consumer goods, decline in manufacturing, appreciation of the GBP and deterioration in oil and gas production. In 2013, the biggest trade deficits were recorded with Germany, China, and the Netherlands. The biggest trade surpluses were recorded with United States, Ireland and United Arab Emirates. This page provides - United Kingdom Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - United Kingdom Balance of Trade - was last refreshed on Friday, August 28, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-09 09:30 AM Apr £-1.202B £-3.093B(R) £ -2.3B
2015-07-10 09:30 AM May £-0.393B £-1.834B(R) £ -1.4B
2015-08-07 09:30 AM Jun £-1.6B £-0.9B(R) £ -0.6B
2015-09-09 09:30 AM Jul £-1.6B £ -1.6B
2015-10-09 09:30 AM Aug £ -1.8B
2015-11-06 09:30 AM Sep £ -1.8B


UK Trade Deficit Widens to £1.6B in June


The UK’s deficit on trade in goods and services was estimated to have been £1.6 billion in June 2015, compared with £0.9 billion in May 2015. This reflects a deficit of £9.2 billion on goods, partially offset by an estimated surplus of £7.6 billion on services.

The deficit on trade in goods was £9.2 billion in June 2015; a widening of £0.8 billion from May 2015. Between May 2015 and June 2015, exports fell by £0.3 billion, whilst imports rose by £0.5 billion over the same period.

In detail, exports of goods fell by £0.3 billion to £24.9 billion in June 2015. The decrease mainly reflects a £0.5 billion fall in exports of unspecified goods following a high export value in the previous month. Exports of fuels also decreased in June 2015 (down £0.4 billion from May), £0.3 billion of this fall was due to oil. The overall decrease in exports of goods was partially offset by a £0.5 billion rise in chemicals, specifically organic chemicals.

Imports of goods rose by £0.5 billion to £34.1 billion in June 2015, £0.2 billion of this increase was attributed to fuels (specifically oil). The remaining increase was due to a cumulative rise in imports of almost all other commodities.

Between May 2015 and June 2015, exports to countries outside the EU fell by £0.3 billion. Exports of unspecified goods fell by £0.5 billion as trade levels returned to normal from May’s high, whilst exports of chemicals partly offset the decrease with a monthly increase of £0.3 billion. In the same period, imports from the EU rose by £0.6 billion, mainly reflecting increases in material manufactures, machinery and transport equipment, and food and live animals (each up by £0.1 billion). This increase in imports results in a record trade deficit with the EU of £7.6 billion for June 2015.

UK Statistics | anna@tradingeconomics.com
8/7/2015 9:40:20 AM


Recent Releases

UK Trade Deficit at 2-Year Low
British trade gap decreased to £0.393 billion in May of 2015 from an upwardly revised £1.8 billion in April. It is the lowest shortfall since June of 2013, mainly driven by a drop in imports of ships.
Published on 2015-07-10

UK Trade Deficit at 1-Year Low
British trade gap decreased to £1.2 billion in April from an upwardly revised £3 billion in the previous month. It is the lowest figure since March last year as exports posted the biggest gain in seven months while imports shrank.
Published on 2015-06-09

UK Trade Deficit Narrows in March
British trade gap decreased slightly to £2.8 billion in March from a revised £3.3 billion in the previous month as exports to countries outside the European Union rose and imports of aircraft and ships declined.
Published on 2015-05-08

UK Trade Deficit at 5-Month High
British trade gap increased to £2859 million in February from a revised £1536 million in the previous month as exports fell to a six-month low due to weaker sales to the United States.
Published on 2015-04-09


United Kingdom Trade Last Previous Highest Lowest Unit
Balance of Trade -1601.00 -885.00 2946.00 -5397.00 GBP Million [+]
Exports 43246.00 43495.00 46022.00 962.00 GBP Million [+]
Imports 44847.00 44380.00 47036.00 1031.00 GBP Million [+]
Current Account -26548.00 -28930.00 2693.00 -31806.00 GBP Million [+]
Current Account to GDP -5.50 -4.50 1.90 -5.50 percent [+]
External Debt -289323.00 -354675.00 88871.00 -450721.00 GBP Million [+]
Terms of Trade 99.90 99.30 107.60 80.10 Index Points [+]
Foreign Direct Investment 27211.00 11944.00 82671.00 -44438.00 GBP Million [+]
Gold Reserves 310.29 310.25 588.27 310.25 Tonnes [+]
Crude Oil Production 926.00 849.00 2747.00 1.00 BBL/D/1K [+]
Capital Flows 24467.00 30614.00 37831.00 -10760.00 GBP Million [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2933.00 Jun/15 -2677.00 2254.00 -4156.00 AUD Million [+]
Brazil 2379.00 Jul/15 4527.00 5659.37 -4058.14 USD Million [+]
Canada -476.00 Jun/15 -2992.00 8524.80 -3853.00 CAD Million [+]
China 430.25 Jul/15 465.36 606.19 -319.71 USD Hundred Million [+]
Euro Area 26368.70 Jun/15 18800.00 26368.70 -16748.10 EUR Million [+]
France -2658.00 Jun/15 -3999.00 2674.00 -7086.00 EUR Million [+]
Germany 24038.00 Jun/15 19522.00 24038.00 -535.91 EUR Million [+]
India -12812.46 Jul/15 -10830.00 258.90 -20210.90 USD Million [+]
Indonesia 1330.00 Jul/15 528.00 4641.92 -2329.13 USD Million [+]
Italy 2808.95 Jun/15 4140.00 6923.00 -6389.30 EUR Million [+]
Japan -268.06 Jul/15 -69.00 1608.67 -2795.04 JPY Billion [+]
Mexico -2267.00 Jul/15 -749.00 1710.25 -3292.30 USD Million [+]
Netherlands 4760.00 Jun/15 3280.00 6211.40 -907.60 EUR Million [+]
Russia 13775.00 Jun/15 15309.00 20356.00 -185.00 USD Million [+]
South Korea 7760.00 Jul/15 9980.00 9980.00 -4043.45 USD Million [+]
Spain -2046007.00 Jun/15 -1657308.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3741.00 Jul/15 3509.00 3894.91 -1478.68 CHF million [+]
Turkey -6205.89 Jun/15 -6753.00 24.51 -10453.06 USD Million [+]
United Kingdom -1601.00 Jun/15 -885.00 2946.00 -5397.00 GBP Million [+]
United States -43840.00 Jun/15 -40940.00 1946.00 -67823.00 USD Million [+]