United Kingdom Trade Balance
United Kingdom Trade Balance recorded a deficit of 27.1 USD bn in Oct 2020, compared with a deficit of 30.9 USD bn in the previous month. United Kingdom Trade Balance data is updated monthly, available from Jan 1957 to Oct 2020, with an averaged value of -1.5 USD bn. The data reached an all-time high of 3.4 USD bn in May 2013 and a record low of -30.9 USD bn in Sep 2020. CEIC calculates monthly Trade Balance from monthly Total Exports and monthly Total Imports and converts it into USD. UK Trade Info provides Total Exports and Total Imports in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Trade Balance prior to January 1996 is sourced from the International Monetary Fund.
In the latest reports, United Kingdom Total Exports reached 37.2 USD bn in Oct 2020, a decrease of 16.9 % year on year. Total Imports recorded 64.3 USD bn in Oct 2020, a decrease of 7.3 % year on year.
View United Kingdom's Trade Balance from Jan 1957 to Oct 2020 in the chart:
What was United Kingdom's Trade Balance in Oct 2020?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -27,076.1 Oct 2020 | -30,885.2 Sep 2020 | -30,885.2 Sep 2020 | 3,433.5 May 2013 | USD mn | monthly | Jan 1957 - Oct 2020 |
Trade Balance by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (USD mn) | -270.2 Nov 2020 | monthly | Oct 1998 - Nov 2020 |
| Algeria (USD mn) | -791.7 Jan 2020 | monthly | Jan 2000 - Jan 2020 |
| Argentina (USD mn) | 141.2 Nov 2020 | monthly | Jan 1991 - Nov 2020 |
| Armenia (USD mn) | -197.4 Nov 2020 | monthly | Nov 1995 - Nov 2020 |
| Australia (USD mn) | 3,651.0 Nov 2020 | monthly | Jul 1971 - Nov 2020 |
| Austria (USD mn) | -377.4 Oct 2020 | monthly | Jan 1957 - Oct 2020 |
| Azerbaijan (USD mn) | 710.9 Oct 2020 | monthly | Jan 2000 - Oct 2020 |
| Bahrain (USD mn) | 856.2 2019 | yearly | 1966 - 2019 |
| Bangladesh (USD mn) | -915.4 Oct 2020 | monthly | Jul 1986 - Oct 2020 |
| Belarus (USD mn) | 309.3 Oct 2020 | monthly | Jan 2000 - Oct 2020 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -22.6 Jun 2020 | quarterly | Mar 1987 - Jun 2020 |
| Consolidated Fiscal Balance (USD mn) | -82,939.589 Sep 2020 | quarterly | Mar 1957 - Sep 2020 |
| Tax Revenue (USD mn) | 179,178.006 Sep 2020 | quarterly | Mar 1957 - Sep 2020 |
| Tax Revenue: % of GDP (%) | 26.6 Sep 2020 | quarterly | Mar 1955 - Sep 2020 |
| National Government Debt (USD mn) | 2,561,488.8 Jun 2020 | quarterly | Mar 1975 - Jun 2020 |
| Government Debt: % of GDP (%) | 96.6 Jun 2020 | quarterly | Mar 1975 - Jun 2020 |
| Forecast: Government Expenditure (GBP bn) | 1,095.213 2025 | yearly | 1980 - 2025 |
| Forecast: Government Net Debt (GBP bn) | 3,002.948 2025 | yearly | 1980 - 2025 |
| Forecast: Government Revenue (GBP bn) | 981.050 2025 | yearly | 1980 - 2025 |
| GG: Net Lending/Borrowing: % of GDP (%) | -1.500 Dec 2018 | quarterly | Mar 1987 - Dec 2018 |
| General Government Debt (GBP mn) | 2,070,894.000 Jun 2020 | quarterly | Mar 1975 - Jun 2020 |
| Local Government Debt (GBP mn) | 113,779.000 Jun 2020 | quarterly | Mar 1966 - Jun 2020 |
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