Trade Balance in United Kingdom

United Kingdom Trade Balance (GBP bn) | Economic News & Forecasts

United Kingdom - Trade Balance (billions of British pounds)

The economy rebounded healthily in Q2, as the vaccine rollout, fiscal stimulus and loosening of restrictions led to a broad-based improvement in private consumption, public spending and fixed investment. However, the external sector subtracted from growth as imports recovered. Turning to Q3, momentum appears to be easing despite the removal of virtually all Covid-19 restrictions from July, with PMI readings for both the manufacturing and services sectors declining notably through August. This is due to a resurgence in Covid-19 cases and acute shortages of staff and inputs, which have emerged as a result of self-isolation rules, global supply chain tensions and the impact of Brexit on the stock of EU workers. More positively, the labor market has continued to strengthen, with July seeing a solid increase in employment and record job vacancies.

United Kingdom - Trade Balance (GBP bn) Data

2015   2016   2017   2018   2019  
Trade Balance (GBP billion)-117.7  -134.2  -135.9  -139.4  -129.7  

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United Kingdom Trade Balance (GBP bn) 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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