The United Kingdom’s goods trade deficit narrowed to £22.72 billion in December 2025, from a downwardly revised £23.58 billion in November and broadly matching market expectations of a £22.7 billion shortfall, as exports dropped less than imports. Goods exports shrank 3.2% month-on-month to a three-month low of £30.09 billion, driven by lower shipments to EU countries (-1.9%) and non-EU countries (-4.4%), mainly reflecting a decline in exports of medicinal and pharmaceutical products to China, Japan, and South Korea. By contrast, exports of goods to the US, including precious metals, rose 2.5% due to higher exports of medicinal and pharmaceutical products and inorganic chemicals. On the import side, goods imports fell 3.4% to a three-month low of £52.81 billion, weighed down by imports from EU countries (-2.4%), while those from non-EU countries rose 2.4%. source: Office for National Statistics
Goods Trade Balance in the United Kingdom increased to -22720 GBP Million in December from -23580 GBP Million in November of 2025. Goods Trade Balance in the United Kingdom averaged -4919.83 GBP Million from 1970 until 2025, reaching an all time high of 775.00 GBP Million in January of 1981 and a record low of -23643.00 GBP Million in October of 2025. This page provides - United Kingdom Goods Trade Balance- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Goods Trade Balance - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.
Goods Trade Balance in the United Kingdom increased to -22720 GBP Million in December from -23580 GBP Million in November of 2025. Goods Trade Balance in the United Kingdom is expected to be -19200.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Goods Trade Balance is projected to trend around -16800.00 GBP Million in 2027 and -16500.00 GBP Million in 2028, according to our econometric models.