After the new trade deal between the European Union and the United Kingdom came into effect in January 2021, the import and export trade between the two parties took a historic nosedive. While the value of goods imported from the EU into the UK was at approximately 17.2 billion British pounds, UK exports that made their way into the EU was measured at 7.6 billion British pounds in January 2021. However, both import and export values increased rapidly in the following months. As of March 2023, UK imports from the EU reached to about 26.1 billion British pounds, and the export value of trade goods from the UK into the EU amounted to approximately 15.2 billion British pounds.
Monthly value of total trade in goods between the United Kingdom (UK) and the European Union (EU) from January 2016 to March 2023, by trade flow
(in million GBP)
Characteristic
Imports
Exports
Mar '23
26,124
15,239
Feb '23
26,098
15,270
Jan '23
25,854
16,319
Dec '22
28,367
16,291
Nov '22
27,294
16,195
Oct '22
25,900
16,672
Sep '22
23,772
16,856
Aug '22
25,863
17,757
Jul '22
26,364
17,772
Jun '22
25,860
16,324
May '22
27,568
16,698
Apr '22
26,190
16,349
Mar '22
25,171
15,926
Feb '22
23,785
15,015
Jan '22
24,197
11,843
Dec '21
21,051
15,349
Nov '21
20,842
14,369
Oct '21
20,167
14,045
Sep '21
20,992
13,077
Aug '21
20,379
12,786
Jul '21
20,390
13,384
Jun '21
20,027
13,448
May '21
19,264
13,972
Apr '21
18,996
12,870
Mar '21
18,768
12,909
Feb '21
18,084
11,609
Jan '21
17,243
7,620
Dec '20
24,350
14,121
Nov '20
22,685
13,317
Oct '20
22,105
13,049
Sep '20
20,452
12,136
Aug '20
19,144
12,116
Jul '20
18,805
11,930
Jun '20
17,457
11,434
May '20
14,536
10,106
Apr '20
13,910
9,704
Mar '20
19,417
11,466
Feb '20
19,786
13,235
Jan '20
20,005
13,570
Dec '19
20,253
13,766
Nov '19
20,295
12,645
Oct '19
23,837
14,640
Sep '19
22,678
14,336
Aug '19
22,762
14,258
Jul '19
22,241
14,703
Jun '19
22,449
13,773
May '19
21,665
14,222
Apr '19
21,443
12,868
Mar '19
25,481
15,867
Feb '19
23,894
14,829
Jan '19
23,280
14,752
Dec '18
22,231
14,239
Nov '18
22,597
14,383
Oct '18
22,249
14,481
Sep '18
21,873
14,327
Aug '18
21,826
14,790
Jul '18
22,343
15,511
Jun '18
22,384
14,927
May '18
23,324
14,446
Apr '18
22,281
14,129
Mar '18
22,594
13,974
Feb '18
21,440
13,769
Jan '18
22,679
14,336
Dec '17
21,726
14,164
Nov '17
21,722
14,007
Oct '17
21,938
13,721
Sep '17
21,902
14,146
Aug '17
22,286
13,775
Jul '17
21,718
14,053
Jun '17
22,094
14,000
May '17
21,314
13,329
Apr '17
21,287
13,207
Mar '17
21,381
13,477
Feb '17
21,122
13,045
Jan '17
20,909
13,063
Dec '16
21,326
12,885
Nov '16
21,580
12,797
Oct '16
20,135
12,111
Sep '16
20,779
12,425
Aug '16
20,252
12,051
Jul '16
20,071
12,395
Jun '16
19,835
11,542
May '16
19,404
11,625
Apr '16
19,910
12,155
Mar '16
18,632
11,032
Feb '16
18,946
11,013
Jan '16
18,198
10,795
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EU = Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden. Figures are seasonally adjusted and at current market prices.
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Office for National Statistics (UK). (May 12, 2023). Monthly value of total trade in goods between the United Kingdom (UK) and the European Union (EU) from January 2016 to March 2023, by trade flow (in million GBP) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1223957/united-kingdom-eu-trade-in-goods-monthly/
Office for National Statistics (UK). "Monthly value of total trade in goods between the United Kingdom (UK) and the European Union (EU) from January 2016 to March 2023, by trade flow (in million GBP)." Chart. May 12, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1223957/united-kingdom-eu-trade-in-goods-monthly/
Office for National Statistics (UK). (2023). Monthly value of total trade in goods between the United Kingdom (UK) and the European Union (EU) from January 2016 to March 2023, by trade flow (in million GBP). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1223957/united-kingdom-eu-trade-in-goods-monthly/
Office for National Statistics (UK). "Monthly Value of Total Trade in Goods between The United Kingdom (Uk) and The European Union (Eu) from January 2016 to March 2023, by Trade Flow (in Million Gbp)." Statista, Statista Inc., 12 May 2023, https://www.statista.com/statistics/1223957/united-kingdom-eu-trade-in-goods-monthly/
Office for National Statistics (UK), Monthly value of total trade in goods between the United Kingdom (UK) and the European Union (EU) from January 2016 to March 2023, by trade flow (in million GBP) Statista, https://www.statista.com/statistics/1223957/united-kingdom-eu-trade-in-goods-monthly/ (last visited August 24, 2024)
Monthly value of total trade in goods between the United Kingdom (UK) and the European Union (EU) from January 2016 to March 2023, by trade flow (in million GBP) [Graph], Office for National Statistics (UK), May 12, 2023. [Online]. Available: https://www.statista.com/statistics/1223957/united-kingdom-eu-trade-in-goods-monthly/