Trade Balance in United Kingdom

United Kingdom Trade Balance | Economic News & Forecasts

United Kingdom - Trade Balance

After GDP growth lost steam in Q3, momentum has seemingly eased further in Q4. Economic growth ebbed notably month-on-month in October on a slowing services sector and a downturn in construction. More recently, the rise of Omicron has led to new restrictions on domestic activity and visitor arrivals, and is causing consumers to become more cautious. In addition, surging price pressures are likely hurting purchasing power somewhat. As a result, the composite PMI plummeted in December, largely due to a sharp slowdown in the customer-facing services sector. In politics, the incumbent Conservative Party suffered a large loss in a December by-election for a historically safe Conservative seat. The result puts Boris Johnson’s future as prime minister in some doubt, and is a reflection of public dissatisfaction with the government over its handling of the pandemic and corruption allegations.

United Kingdom - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-163.9  -225.9  -199.8  -186.0  -224.0  

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United Kingdom Trade Balance Chart

United Kingdom Trade
Note: Trade balance in GBP billion.
Source: Office for National Statistics (ONS).

United Kingdom Facts

Value Change Date
Bond Yield0.83-3.04 %Jan 01
Exchange Rate1.33-0.35 %Jan 01

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