UK Goods Trade Balance

The value of goods imports decreased by £1.5 billion (3.0%) in July 2024, with a fall in imports from both EU and non-EU countries. The value of goods exports fell by £3.4 billion (10.8%) in July 2024, with exports to both EU and non-EU countries decreasing, following a large rise the previous month. The substantial fall in exports was driven by lower chemical exports to both EU and non-EU countries. The total goods and services trade deficit widened by £5.5 billion to a deficit of £14.6 billion in the three months to July 2024, ...

The value of goods imports increased by £3.3 billion (7.1%) in June 2024, with a rise in imports from both EU and non-EU countries. The value of goods exports rose by £2.3 billion (7.6%) in June 2024, with an increase in exports to both EU and non-EU countries. The total goods and services trade deficit widened by £7.1 billion to £13.3 billion in Quarter 2 (Apr to June) 2024, because of an increase in imports of goods. The trade in goods deficit widened by £7.8 billion to £52.4 billion in Quarter 2 2024, as imports of goods rose by ...

The value of goods imports decreased by £2.3 billion (4.7%) in May 2024, primarily driven by a fall in imports from the EU. The substantial fall in imports from the EU was because of a fall in imports of machinery and transport equipment, following a rise seen the previous month. The value of goods exports fell by £0.8 billion (2.5%) in May 2024, because of a notable fall in exports of machinery and transport equipment to the EU, and a fall in fuel exports to non-EU countries. The total goods and services trade deficit widened by ...

The value of goods imports increased by £3.7 billion (8.2%) in April 2024, because of increases in imports of machinery and transport equipment and fuels. The value of goods exports remained stable in April 2024, with a fall in exports to the EU offset by a rise in exports to non-EU countries. The total goods and services trade deficit narrowed slightly by £0.3 billion to £10.1 billion in the three months to April 2024, and has been relatively stable over the last year. The trade in goods deficit widened by £1.6 billion to £48.5 ...

The value of goods imports decreased by £1.2 billion (2.5%) in March 2024, because of falls in imports of machinery and transport equipment and fuels. The value of goods exports decreased by £0.4 billion (1.3%) in March 2024, with a fall in exports to non-EU countries partially offset by a rise in exports to the EU. There is no evidence that recent disruption to shipping in the Middle East and Red Sea has affected UK imports in Quarter 1 (Jan to Mar) 2024. The total goods and services trade deficit narrowed by £4.7 billion to a ...

The value of goods imports decreased by £0.2 billion (0.4%) in February 2024, because of falls in fuel and chemical imports from non-EU countries. The value of goods exports increased by £0.3 billion (0.9%) in February 2024, with a rise in exports to non-EU countries partially offset by a fall in exports to the EU. The total goods and services trade deficit narrowed by £2.0 billion to a deficit of £9.9 billion in the three months to February 2024, and has been steadily improving since Quarter 1 (Jan to Mar) 2022. The trade in goods ...

The value of goods imports increased by £0.9 billion (2.0%) in January 2024, with rises in fuel imports from both EU and non-EU countries. While there has been recent disruption to shipping in the Red Sea, there is no evidence that this has affected imports in January 2024. The value of goods exports decreased slightly by £0.1 billion (0.5%) in January 2024, with a fall in exports to non-EU countries partially offset by a rise in exports to the EU. The total goods and services trade deficit widened by £2.2 billion to £13.8 billion in ...

The value of goods imports decreased by £2.6 billion (5.4%) in December 2023, with falls in imports from both EU and non-EU countries, primarily driven by decreased imports of fuels. The value of goods exports decreased by £0.7 billion (2.2%) in December 2023, because of lower exports to the EU. The total trade in goods and services deficit widened by £6.2 billion to £14.9 billion in Quarter 4 (Oct to Dec) 2023, because of a large fall in exports of services. The trade in goods deficit widened by £1.4 billion to £49.9 billion in ...