United Kingdom Balance of Trade  1955-2017 | Data | Chart | Calendar

The UK’s deficit on trade in goods and services widened by £2.6 billion to £4.2 billion in November 2016 from a downwardly revised £1.5 billion in the previous month. Exports rose by £0.7 billion to an all-time high of £47.3 billion while imports increased at a much faster £3.3 billion also to a record £51.5 billion , mainly boosted by higher purchases of machinery and transport equipment. Between the 3 months to August 2016 and the 3 months to November 2016, the total trade deficit for goods and services narrowed by £0.4 billion to £11.0 billion, with exports increasing more than imports. Balance of Trade in the United Kingdom averaged -1452.23 GBP Million from 1955 until 2016, reaching an all time high of 2946 GBP Million in March of 1981 and a record low of -6058 GBP Million in November of 2013.

United Kingdom Balance of Trade
Receive the next reported value for United Kingdom Balance of Trade in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website
Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-09 09:30 AM Sep £-5.2B £-3.77B £ -1.7B
2016-12-09 09:30 AM Oct £-1.97B £-5.81B £ -3.4B
2017-01-11 09:30 AM Nov £-4.17B £-1.55B
2017-02-10 09:30 AM Dec £-4.17B
2017-03-10 09:30 AM Jan
2017-04-07 08:30 AM Feb




UK Trade Deficit Widens Sharply As Imports Jump


The UK’s deficit on trade in goods and services widened by £2.6 billion to £4.2 billion in November 2016 from a downwardly revised £1.5 billion in the previous month. Exports rose by £0.7 billion to an all-time high of £47.3 billion while imports increased at a much faster £3.3 billion also to a record £51.5 billion , mainly boosted by higher purchases of machinery and transport equipment.

Total exports (goods and services) increased by £0.7 billion, or 1.5 percent, to £47.3 billion, boosted by a £0.7 billion, or 2.8 percent, increase in the export of goods. Total imports (goods and services) rose by £3.3 billion, or 6.9 percent, to £51.5 billion over the same period, reflecting a £3.0 billion, or 8.4 percent, gain in the import of goods. The deficit on trade in goods was £12.2 billion in November 2016, widening by £2.3 billion from October 2016. 

Exports of goods increased by £0.7 billion, or 2.8 percent, to £27.0 billion in November 2016, from £26.3 billion in October 2016. Rises in exports of finished manufactures, fuels and unspecified goods all contributed to the growth of exports. Within finished manufactures, exports of machinery and transport equipment rose by £0.4 billion, mainly attributed to increased exports of electrical machinery to EU countries; businesses reported an increase in exports of plugs and sockets to the Netherlands, Germany and France. Exports of fuels rose by £0.3 billion, attributed to an increase in the export of oil to EU countries, particularly to the Netherlands and France. 

Exports of unspecified goods (including non-monetary gold) to non-EU countries rose by £0.3 billion. In contrast to increases in other commodity groups, the exports of semi-manufactures fell by £0.3 billion. This was mainly due to a decrease in exports of material manufactures (such as non-ferrous metals, minerals and precious stones) to non-EU countries.

Imports of goods increased by £3.0 billion, or 8.4 percent, to £39.2 billion in November 2016, from £36.2 billion in October 2016. The largest contributions to the increase were from finished manufactures and semi-manufactures. Within finished manufactures, imports of transport equipment rose by £1.4 billion, following 2 consecutive months of falling import values. This is mainly due to increases in the imports of other transport equipment (ships, aircraft and railway equipment) and electrical machinery (from non-EU countries). The increase in electrical machinery is attributed to an increase in imports of portable data processing machines (for example laptops, tablets) from China.

Imports of semi-manufactures rose by £0.8 billion, which can be mainly attributed to an increase in the import of chemicals from EU countries (up £0.5 billion). Imports of miscellaneous manufactures (such as clothing and footwear, and scientific and photographic equipment) also contributed to the growth of imports in this commodity group.

Between the 3 months to August 2016 and the 3 months to November 2016, the total trade deficit (goods and services) narrowed by £0.4 billion to £11.0 billion. The narrowing of the deficit reflected a greater rise in exports (+2.9 percent) than the rise in imports (+2.4 percent).

ONS | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/11/2017 3:22:58 PM



United Kingdom Trade Last Previous Highest Lowest Unit
Balance of Trade -4167.00 -1547.00 2946.00 -6058.00 GBP Million [+]
Exports 47344.00 46647.00 47344.00 962.00 GBP Million [+]
Imports 51511.00 48194.00 51511.00 1031.00 GBP Million [+]
Current Account -25494.00 -22079.00 2657.00 -26298.00 GBP Million [+]
Current Account to GDP -5.20 -5.10 2.60 -5.20 percent [+]
External Debt 6176450.00 5955263.00 6428718.00 565439.00 GBP Million [+]
Terms of Trade 101.10 102.40 107.60 80.10 Index Points [+]
Capital Flows 22430.00 22018.00 35319.00 -10498.00 GBP Million [+]
Foreign Direct Investment 25292.00 28994.00 82539.00 -44536.00 GBP Million [+]
Gold Reserves 310.29 310.29 588.27 310.25 Tonnes [+]
Crude Oil Production 978.00 1014.00 2821.00 1.00 BBL/D/1K [+]
Terrorism Index 5.08 5.61 5.68 4.19 [+]
Tourism Revenues 1860.00 2110.00 2669.00 126.00 GBP Million [+]
Tourist Arrivals 3280.00 3120.00 3800.00 540.00 Thousand [+]
Weapons Sales 1214.00 1644.00 6069.00 744.00 USD Million [+]



United Kingdom Balance of Trade Notes

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 2015, 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. United Kingdom Balance of Trade - actual data, historical chart and calendar of releases - was last updated on January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-4167.00 -1547.00 2946.00 -6058.00 1955 - 2016 GBP Million Monthly



Last
Afghanistan -7159.00 Dec/15
Albania -33679.40 Dec/16
Algeria -1308.00 Dec/15
Angola 4470.03 Jun/16
Argentina 100.00 Nov/16
Armenia -173.30 Nov/16
Aruba -465.10 Sep/16
Australia 1243.00 Nov/16
Austria -465.00 Oct/16
Azerbaijan 981353.00 Sep/16
Bahamas -517.60 Sep/16
Bahrain 312.40 Dec/15
Bangladesh -89.57 Oct/16
Barbados -181864.00 Jun/16
Belarus -340.90 Nov/16
Belgium 2456.70 Nov/16
Belize -153.10 Nov/16
Benin -278.15 Sep/16
Bhutan -26021.60 Dec/15
Bolivia -116.89 Sep/16
Bosnia and Herzegovina -499648.55 Nov/16
Botswana -2508.80 Oct/16
Brazil 4415.00 Dec/16
Brunei 246.20 Oct/16
Bulgaria -241.80 Nov/16
Burkina Faso -86.40 Mar/16
Burundi -118434.20 Aug/16
Cambodia -554.50 Sep/16
Cameroon -1189.42 Dec/14
Canada 526.40 Nov/16
Cape Verde -5397.60 Oct/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 1226.87 Dec/16
China 408.18 Dec/16
Colombia -0.93 Oct/16
Comoros -73203.00 Dec/16
Congo 1001.80 Dec/14
Costa Rica -569.90 Nov/16
Croatia -3668.67 Nov/16
Cuba -9578.00 Dec/15
Cyprus -338508.00 Nov/16
Czech Republic 37502.29 Nov/16
Denmark 5123.30 Nov/16
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -39175.91 Jun/16
Ecuador -112866.00 Nov/16
Egypt -3166.00 Oct/16
El Salvador -435.57 Nov/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -112.57 Nov/16
Ethiopia -3254.50 Jun/16
Euro Area 25941.20 Nov/16
European Union 6900.10 Nov/16
Fiji -204403.00 Sep/16
Finland -150.00 Nov/16
France -4377.00 Nov/16
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -766.50 Dec/16
Germany 22618.00 Nov/16
Ghana -452.40 Sep/16
Greece -1554.80 Nov/16
Guatemala -691.30 Nov/16
Guinea 32.97 Sep/16
Guinea Bissau 8.20 Dec/15
Guyana -133.90 Sep/16
Haiti -236.40 Sep/16
Honduras -556.90 Sep/16
Hong Kong -34053.00 Nov/16
Hungary 280000.00 Nov/16
Iceland -4400.00 Dec/16
India -10369.40 Dec/16
Indonesia 992.10 Dec/16
Iran 4258.00 Dec/15
Iraq 4397.00 Dec/15
Ireland 4044600.00 Nov/16
Israel -1442.80 Dec/16
Italy 4202.85 Nov/16
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan 153.00 Nov/16
Jordan -746551.00 Oct/16
Kazakhstan 1297.60 Nov/16
Kenya -73063.30 Oct/16
Kosovo -202700.00 Nov/16
Kuwait 1422.20 Sep/16
Kyrgyzstan -208.00 Nov/16
Laos -339.15 Jun/16
Latvia -122.10 Nov/16
Lebanon -1222.52 Oct/16
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 327117.00 Sep/16
Lithuania -26.10 Nov/16
Luxembourg -0.80 Oct/16
Macau -6026970.00 Nov/16
Macedonia -186849.00 Nov/16
Madagascar -234693.00 Sep/16
Malawi -53950.00 Mar/16
Malaysia 9030.00 Nov/16
Maldives -157.50 Sep/16
Mali -226.10 Sep/15
Malta -102800.00 Nov/16
Mauritania -79.64 Mar/16
Mauritius -8218.00 Oct/16
Mexico 200.00 Nov/16
Moldova -135.80 Nov/16
Monaco -104.50 Jun/16
Mongolia 362.30 Dec/16
Montenegro -132470.00 Nov/16
Morocco -13866.00 Nov/16
Mozambique -434.30 Sep/16
Myanmar -181.40 Apr/16
Namibia -6654.37 Sep/16
Nepal -80884.00 Jun/16
Netherlands 5544.00 Nov/16
New Caledonia -7307.00 Oct/16
New Zealand -704.62 Nov/16
Nicaragua -212.90 Sep/16
Niger -108402.00 Sep/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 23279.00 Dec/16
Oman 119.20 Jul/16
Pakistan -289139.00 Dec/16
Palestine -320.60 Oct/16
Panama -961388.00 Nov/16
Papua New Guinea 3223.00 Jun/16
Paraguay -453352.00 Dec/16
Peru 279.00 Nov/16
Philippines -2566000.00 Nov/16
Poland 102.00 Nov/16
Portugal -790.68 Nov/16
Puerto Rico 2801.60 Oct/16
Qatar 9630.00 Nov/16
Republic of the Congo 4092.35 Dec/10
Romania -865.50 Nov/16
Russia 9137.00 Nov/16
Rwanda -116.57 Nov/16
Sao Tome and Principe -29.78 Sep/16
Saudi Arabia 73133.00 Sep/16
Senegal -201.40 Nov/16
Serbia -320.40 Nov/16
Seychelles -44.02 Nov/16
Sierra Leone -52.89 Jun/16
Singapore 6120.70 Dec/16
Slovakia 287.00 Nov/16
Slovenia -15.23 Nov/16
Somalia -1473.48 Dec/15
South Africa -1091.85 Nov/16
South Korea 7000.00 Dec/16
South Sudan -104.70 Dec/15
Spain -1246304.00 Nov/16
Sri Lanka -922.00 Nov/16
Sudan -338394.00 Sep/16
Suriname 42.20 Sep/16
Swaziland 1037.15 Mar/16
Sweden -1100.00 Nov/16
Switzerland 3636.00 Nov/16
Syria 9394.50 Dec/10
Taiwan 4864.00 Dec/16
Tajikistan -188.00 Nov/16
Tanzania -88.90 Oct/16
Thailand 1540.00 Nov/16
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -992.50 Dec/16
Turkey -4113.35 Nov/16
Turkmenistan 2181.97 Dec/15
Uganda -131.90 Nov/16
Ukraine -235.50 Nov/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -4167.00 Nov/16
United States -45240.00 Nov/16
Uruguay -140377.00 Nov/17
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -494.00 Dec/16
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -241.27 Aug/16