Premium statistics

Industry-specific and extensively researched technical data (partially from exclusive partnerships).

A paid subscription is required for full access.

Trade balance of goods in the United Kingdom 2017

United Kingdom: Trade balance of goods from 2007 to 2017 (in billion U.S. dollars)

by H. Plecher, last edited Oct 21, 2019
Trade balance of goods in the United Kingdom 2017 The statistic shows the trade balance of goods (exports minus imports of goods) in the United Kingdom from 2007 to 2017. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2017, the trade deficit of goods in the United Kingdom amounted to about 203.03 billion U.S. dollars.
On the effects of Brexit on the UK's economy

The United Kingdom has maintained a trade deficit over the last ten years, but now that the country has chosen to leave the European Union, current trade agreements will need to be renegotiated and trade relationships and the trade balance will change. As of 2015, one of the UK’s most important import and export partners was Germany, but it also trades heavily with many other countries within the European Union; more than half of total value of the UK trade in goods is associated with European Union countries.

Trade agreements which have been negotiated by the European Union extend beyond member countries, and the United Kingdom will now have to renegotiate its own trade deals with a far larger number of countries by itself. It remains to be seen as to how the UK will manage these negotiations. Another big question is how the UK banking sector will be able to access the European market. As of 2014, services contributed close to 80 percent of UK GDP, which includes banking services.

While it is too soon predict how BREXIT will impact the United Kingdom entirely, estimates of the decision’s long term effects estimate negative GDP growth of around 2.72 percent in an optimistic scenario, with the pessimistic scenario estimating negative growth of around 7.7 percent.
Show more

United Kingdom: Trade balance of goods from 2007 to 2017 (in billion U.S. dollars)

Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.
Leading companies trust Statista:
Related Studies: Available to Download in PDF or PPTX Format
Trade in the UK
Trade in the UK

All Information
in one Presentation

Trade in the UK

Everything On "Trade in the UK" in One Document: Edited and Divided into Handy Chapters. Including Detailed References.

Other Reports & Dossiers
Statista has been my savior on several occasions. The site is easy to maneuver and the data is in a format that can go right into a report or presentation.
Marlene Greenfield

Marlene Greenfield
Vice President, Hearst Magazines

Statistics on "United Kingdom"
  • Population
  • Economy
The most important statistics
  • State finances
  • United Kingdom in international comparison
  • Brexit
Discover Statista
Need help with using Statista for your research? Tutorials and first steps
Further Content: Statistics, Studies, and Topic Pages
Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.
Do you have any questions about our business solutions?

We provide you with detailed information about our Corporate Account.