United Kingdom Balance of Trade

The United Kingdom recorded a trade deficit of 3238 GBP Million in November of 2013. Balance of Trade in the United Kingdom is reported by the Office for National Statistics. Balance of Trade in the United Kingdom averaged -1223.71 GBP Million from 1955 until 2013, reaching an all time high of 2946 GBP Million in March of 1981 and a record low of -6067 GBP Million in August of 2005. Since 1998, U.K. runs consistent trade deficit mainly due to increase in demand of consumer goods, decline in manufacturing and deterioration in oil and gas production. In recent years, U.K. has run the biggest trade deficits with Norway, Germany, China, Hong Kong and Netherlands. The biggest trade surpluses were recorded with United States, United Arab Emirates, Australia and Saudi Arabia. This page contains – United Kingdom Balance of Trade – actual values, historical data, forecast, chart, statistics, economic calendar and news.

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