United Kingdom Balance of Trade  1955-2016 | Data | Chart | Calendar

The trade gap in the United Kingdom widened by GBP 1.4 billion to GBP 5.2 billion in September from August of 2016, reaching the highest in three months. Exports fell 0.4 percent while imports jumped 2.5 percent, hitting a record high and boosted by purchases of ships, material manufactures, road vehicles and oil. Balance of Trade in the United Kingdom averaged -1475.32 GBP Million from 1955 until 2016, reaching an all time high of 2946.00 GBP Million in March of 1981 and a record low of -6058.00 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)
2016-09-09 08:30 AM Jul £-4.5B £-5.6B £ -4.5B
2016-10-07 08:30 AM Aug £-4.7B £-2.2B £ -3.1B
2016-11-09 09:30 AM Sep £-5.2B £-3.77B £ -1.7B
2016-12-09 09:30 AM Oct £-5.2B £ -3.4B
2017-01-09 09:30 AM Nov
2017-02-09 09:30 AM Dec




UK Trade Deficit Widens Sharply in September


The trade gap in the United Kingdom widened by GBP 1.4 billion to GBP 5.2 billion in September from August of 2016, reaching the highest in three months. Exports fell 0.4 percent while imports jumped 2.5 percent, hitting a record high and boosted by purchases of ships, material manufactures, road vehicles and oil.

Total exports decreased by GBP 0.2 billion to GBP 45.4 billion while total imports rose by GBP 1.25 billion to GBP 50.6 billion.

Considering only goods, the trade deficit was GBP 12.7 billion, widening by GBP 1.6 billion from August. The goods deficit with EU countries reached an all time high of GBP 8.7 billion. 

Exports of goods declined 0.8 percent to GBP 26.08 billion: sales to countries outside the EU decreased by GBP 0.3 billion, reflecting a fall in ships and aircraft of GBP 0.2 billion each and unspecified goods, which includes nonmonetary gold, of GBP 0.2 billion. In contrast, shipments of goods to EU countries increased by GBP 0.1 billion or 1.1 percent. 

Imports of goods went up 3.6 percent to GBP 38.7 billion: imports from EU countries increased by GBP 1.0 billion or 5 percent to record GBP 21.3 billion; there were increases in imports of machinery and transport equipment of GBP 0.7 billion, food and live animals of GBP 0.1 billion, oil of GBP 0.1 billion and miscellaneous manufactures of GBP 0.1 billion. Imports of goods from countries outside the EU increased by GBP 0.3 billion, reflecting rises in imports of material manufactures of GBP 0.5 billion, ships of GBP 0.5 billion, oil of GBP 0.2 billion and miscellaneous manufactures of GBP 0.2 billion. These increases were partially offset by a fall in imports of aircraft of GBP 1.0 billion.

Considering the third quarter of 2016, the total trade deficit including both goods and services narrowed by GBP 1.6 billion to GBP 11.0 billion as exports (+3.4 percent) rose faster than imports (2 percent). Both total trade exports and imports reached record 3-monthly highs in Quarter 3 2016 of GBP 136.2 billion and GBP 147.3 billion respectively.

Although the pound fell more than 10% against the USD and the EUR after the Brexit vote, there was little direct evidence so far of currency effects on trade, the ONS said. 


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
11/9/2016 12:28:52 PM



United Kingdom Trade Last Previous Highest Lowest Unit
Balance of Trade -5221.00 -3768.00 2946.00 -6058.00 GBP Million [+]
Exports 45407.00 45612.00 45612.00 962.00 GBP Million [+]
Imports 50628.00 49380.00 50628.00 1031.00 GBP Million [+]
Current Account -28684.00 -26999.00 2657.00 -32741.00 GBP Million [+]
Current Account to GDP -5.20 -5.10 2.60 -5.20 percent [+]
External Debt 6055168.00 5673074.00 6428718.00 565439.00 GBP Million [+]
Terms of Trade 101.30 101.00 107.60 80.10 Index Points [+]
Capital Flows 14279.00 30972.00 41423.00 -10498.00 GBP Million [+]
Foreign Direct Investment 12203.00 58994.00 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 2110.00 2570.00 2669.00 126.00 GBP Million [+]
Tourist Arrivals 3120.00 3770.00 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-5221.00 -3768.00 2946.00 -6058.00 1955 - 2016 GBP Million Monthly



Last
Afghanistan -7159.00 Dec/15
Albania -28104.70 Oct/16
Algeria -1308.00 Dec/15
Angola 3002.24 Dec/15
Argentina -114.00 Oct/16
Armenia -157.70 Oct/16
Aruba -423.80 Jun/16
Australia -1227.00 Sep/16
Austria -785.00 Aug/16
Azerbaijan 1311894.00 Jun/16
Bahamas -428.30 Jun/16
Bahrain 1513.00 Dec/15
Bangladesh -51.80 Aug/16
Barbados -181864.00 Jun/16
Belarus -145.00 Sep/16
Belgium 2898.90 Sep/16
Belize -138.84 Sep/16
Benin -278.15 Sep/16
Bhutan -26021.60 Dec/15
Bolivia -103.32 Jul/16
Bosnia and Herzegovina -534734.90 Sep/16
Botswana 3238.80 Sep/16
Brazil 4757.00 Nov/16
Brunei 283.10 Sep/16
Bulgaria 89.40 Sep/16
Burkina Faso -86.40 Mar/16
Burundi -118434.20 Aug/16
Cambodia -203.30 Jul/16
Cameroon -1054.40 Dec/13
Canada -1130.00 Oct/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 43.13 Nov/16
China 490.56 Oct/16
Colombia -1.24 Sep/16
Comoros -73203.00 Dec/16
Congo 1001.80 Dec/14
Costa Rica -461.20 Oct/16
Croatia -3973.71 Sep/16
Cuba -9578.00 Dec/15
Cyprus -283281.00 Sep/16
Czech Republic 47421.10 Oct/16
Denmark 4458.60 Sep/16
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -39175.91 Jun/16
Ecuador 5050.00 Sep/16
Egypt -2577.00 Sep/16
El Salvador -386.50 Oct/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -62.26 Sep/16
Ethiopia -3254.50 Jun/16
Euro Area 26481.80 Sep/16
European Union 510.20 Sep/16
Fiji -172126.00 Jun/16
Finland -70.00 Sep/16
France -5202.00 Oct/16
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -472.40 Oct/16
Germany 24400.00 Sep/16
Ghana -712.40 Jun/16
Greece -1358.70 Sep/16
Guatemala -615.90 Sep/16
Guinea -308.73 Jun/16
Guinea Bissau -23.80 Dec/14
Guyana -13.70 Jun/16
Haiti -229.96 Jun/16
Honduras -479.70 Aug/16
Hong Kong -37223.00 Oct/16
Hungary 310582.87 Sep/16
Iceland -12300.00 Nov/16
India -10160.00 Oct/16
Indonesia 1206.80 Oct/16
Iran 4258.00 Dec/15
Iraq 4397.00 Dec/15
Ireland 3769800.00 Sep/16
Israel -1354.00 Oct/16
Italy 3669.89 Sep/16
Ivory Coast 1256.00 Dec/15
Jamaica -680800.00 Mar/16
Japan 496.17 Oct/16
Jordan -536755.50 Sep/16
Kazakhstan 1044.90 Sep/16
Kenya -78222.90 Sep/16
Kosovo -214200.00 Oct/16
Kuwait 1222.30 Jun/16
Kyrgyzstan -184.40 Sep/16
Laos -594.89 Dec/15
Latvia -87.10 Sep/16
Lebanon -1193.95 Sep/16
Lesotho -2324.11 Jun/16
Liberia -80.10 Jun/16
Libya -7687.60 Dec/15
Liechtenstein 327117.00 Sep/16
Lithuania -86.80 Sep/16
Luxembourg -0.43 Sep/16
Macau -5326200.00 Oct/16
Macedonia -177613.00 Oct/16
Madagascar -234693.00 Sep/16
Malawi -53950.00 Mar/16
Malaysia 9756.67 Oct/16
Maldives -155.00 Aug/16
Mali -226.10 Sep/15
Malta -273000.00 Oct/16
Mauritania -79.64 Mar/16
Mauritius -6179.00 Sep/16
Mexico -900.00 Oct/16
Moldova -168.10 Sep/16
Monaco -104.50 Jun/16
Mongolia 72.90 Oct/16
Montenegro -138195.00 Oct/16
Morocco -12712.00 Sep/16
Mozambique -434.30 Sep/16
Myanmar -198.70 Feb/16
Namibia -8369.58 Jun/16
Nepal -77662.70 Mar/16
Netherlands 5421.00 Sep/16
New Caledonia -12812.00 Aug/16
New Zealand -846.00 Oct/16
Nicaragua -196.00 Aug/16
Niger -132100.00 Jun/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 10360.56 Oct/16
Oman 30.50 Jun/16
Pakistan -237429.00 Oct/16
Palestine -339.90 Sep/16
Panama -893332.80 Sep/16
Papua New Guinea 4636.00 Mar/16
Paraguay -176241.00 Oct/16
Peru 274.70 Oct/16
Philippines -1890000.00 Sep/16
Poland -200.00 Sep/16
Portugal -920.83 Sep/16
Puerto Rico 747.70 Aug/16
Qatar 7703.00 Oct/16
Republic of the Congo 4092.35 Dec/10
Romania -786.80 Sep/16
Russia 7383.00 Sep/16
Rwanda -127.35 Jul/16
Sao Tome and Principe -29.78 Sep/16
Saudi Arabia 56231.00 Jun/16
Senegal -168.70 Sep/16
Serbia -380.50 Oct/16
Seychelles -40.23 Oct/16
Sierra Leone -52.89 Jun/16
Singapore 5156.80 Oct/16
Slovakia 457.00 Sep/16
Slovenia 173.43 Sep/16
Somalia -1473.48 Dec/15
South Africa -4410.97 Oct/16
South Korea 7992.05 Nov/16
South Sudan -104.70 Dec/15
Spain -2230800.00 Sep/16
Sri Lanka -645.00 Sep/16
Sudan -424613.00 Jun/16
Suriname 42.20 Sep/16
Swaziland 1037.15 Mar/16
Sweden -2700.00 Oct/16
Switzerland 2678.34 Oct/16
Syria 9394.50 Dec/10
Taiwan 4264.00 Nov/16
Tajikistan -198.20 Oct/16
Tanzania -101.00 Sep/16
Thailand 250.00 Oct/16
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -1454.50 Oct/16
Turkey -4160.00 Oct/16
Turkmenistan 2181.97 Dec/15
Uganda -171.20 Oct/16
Ukraine -295.00 Sep/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -5221.00 Sep/16
United States -42601.00 Oct/16
Uruguay -45370.00 Oct/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -400.00 Nov/16
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -241.27 Aug/16