In the second quarter of 2024, the United Kingdom had a trade deficit of almost 18.8 billion British pounds, due to a 43.1 billion pound deficit in goods trade offset by a 57.9 billion pound trade surplus in services.
Balance of trade in goods and services in the United Kingdom from 1st quarter 1997 to 2nd quarter 2023
(in million GBP)
Characteristic
Goods trade balance
Services trade balance
Overall trade balance
Q2 2024
-57,907
43,131
-18,778
Q1 2024
-41,782
40,835
-3,310
Q4 2023
-43,805
40,657
-7,353
Q3 2023
-45,060
41,541
-6,692
Q2 2023
-47,797
44,194
-9,342
Q1 2023
-50,057
46,229
-9,990
Q4 2022
-39,358
44,845
1,786
Q3 2022
-48,943
42,816
-7,594
Q2 2022
-61,025
38,259
-27,612
Q1 2022
-67,719
36,501
-33,408
Q4 2021
-40,477
38,027
-726
Q3 2021
-48,176
35,757
-10,776
Q2 2021
-33,721
42,058
8,169
Q1 2021
-41,052
41,244
-185
Q4 2020
-50,325
37,428
-14,258
Q3 2020
-33,748
34,611
640
Q2 2020
-13,208
35,040
22,763
Q1 2020
-30,132
32,673
3,679
Q4 2019
-20,184
29,854
9,670
Q3 2019
-34,344
29,843
-4,501
Q2 2019
-38,072
28,338
-9,734
Q1 2019
-52,397
25,786
-26,611
Q4 2018
-38,754
27,765
-10,989
Q3 2018
-33,912
28,659
-5,253
Q2 2018
-33,987
27,789
-6,198
Q1 2018
-34,637
27,323
-7,314
Q4 2017
-34,218
27,627
-6,591
Q3 2017
-36,796
29,888
-6,908
Q2 2017
-34,452
26,827
-7,625
Q1 2017
-34,356
27,555
-6,801
Q4 2016
-34,282
27,255
-7,027
Q3 2016
-40,320
23,641
-16,679
Q2 2016
-32,208
25,871
-6,337
Q1 2016
-32,521
24,808
-7,713
Q4 2015
-31,902
24,589
-7,313
Q3 2015
-30,613
22,725
-7,888
Q2 2015
-27,714
24,699
-3,015
Q1 2015
-35,089
24,335
-10,754
Q4 2014
-37,805
23,423
-14,382
Q3 2014
-33,971
24,661
-9,310
Q2 2014
-29,186
23,539
-5,647
Q1 2014
-30,160
23,322
-6,838
Q4 2013
-34,407
23,259
-11,148
Q3 2013
-30,910
25,055
-5,855
Q2 2013
-32,049
25,298
-6,751
Q1 2013
-27,597
26,051
-1,546
Q4 2012
-27,852
23,445
-4,407
Q3 2012
-28,438
24,494
-3,944
Q2 2012
-31,079
22,777
-8,302
Q1 2012
-25,234
24,941
-293
Q4 2011
-25,317
22,323
-2,994
Q3 2011
-29,631
24,407
-5,224
Q2 2011
-28,567
22,854
-5,713
Q1 2011
-20,500
21,293
793
Q4 2010
-27,358
19,975
-7,383
Q3 2010
-26,602
18,770
-7,832
Q2 2010
-23,385
18,312
-5,073
Q1 2010
-22,059
17,265
-4,794
Q4 2009
-21,727
17,707
-4,020
Q3 2009
-22,498
16,516
-5,982
Q2 2009
-22,219
17,707
-4,512
Q1 2009
-22,812
18,101
-4,711
Q4 2008
-23,243
20,570
-2,673
Q3 2008
-23,875
17,484
-6,391
Q2 2008
-25,253
16,678
-8,575
Q1 2008
-23,667
14,427
-9,240
Q4 2007
-24,121
16,451
-7,670
Q3 2007
-25,195
16,902
-8,293
Q2 2007
-21,226
15,638
-5,588
Q1 2007
-23,024
14,590
-8,434
Q4 2006
-21,201
15,493
-5,708
Q3 2006
-21,591
15,552
-6,039
Q2 2006
-19,354
11,874
-7,480
Q1 2006
-20,115
11,518
-8,597
Q4 2005
-19,070
11,829
-7,241
Q3 2005
-19,157
11,363
-7,794
Q2 2005
-17,814
11,016
-6,798
Q1 2005
-18,004
9,936
-8,068
Q4 2004
-17,226
10,247
-6,979
Q3 2004
-16,931
8,587
-8,344
Q2 2004
-16,885
8,979
-7,906
Q1 2004
-16,309
9,023
-7,286
Q4 2003
-15,880
8,200
-7,680
Q3 2003
-14,539
7,440
-7,099
Q2 2003
-13,815
7,538
-6,277
Q1 2003
-13,061
7,358
-5,703
Q4 2002
-15,584
6,818
-8,766
Q3 2002
-13,645
7,407
-6,238
Q2 2002
-13,063
6,023
-7,040
Q1 2002
-12,255
6,194
-6,061
Q4 2001
-12,072
6,643
-5,429
Q3 2001
-12,492
6,458
-6,034
Q2 2001
-12,952
7,272
-5,680
Q1 2001
-11,116
8,462
-2,654
Q4 2000
-10,894
6,028
-4,866
Q3 2000
-11,229
7,046
-4,183
Q2 2000
-9,124
7,116
-2,008
Q1 2000
-8,568
6,393
-2,175
Q4 1999
-8,662
6,959
-1,703
Q3 1999
-8,187
5,983
-2,204
Q2 1999
-7,971
5,099
-2,872
Q1 1999
-8,576
4,706
-3,870
Q4 1998
-7,275
5,787
-1,488
Q3 1998
-7,107
5,242
-1,865
Q2 1998
-6,465
5,216
-1,249
Q1 1998
-5,221
5,058
-163
Q4 1997
-4,382
5,497
1,115
Q3 1997
-4,186
5,768
1,582
Q2 1997
-4,629
4,997
368
Q1 1997
-2,804
5,122
2,318
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Office for National Statistics (UK). (September 11, 2024). Balance of trade in goods and services in the United Kingdom from 1st quarter 1997 to 2nd quarter 2023 (in million GBP) [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/284745/balance-of-trade-uk/
Office for National Statistics (UK). "Balance of trade in goods and services in the United Kingdom from 1st quarter 1997 to 2nd quarter 2023 (in million GBP)." Chart. September 11, 2024. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/284745/balance-of-trade-uk/
Office for National Statistics (UK). (2024). Balance of trade in goods and services in the United Kingdom from 1st quarter 1997 to 2nd quarter 2023 (in million GBP). Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/284745/balance-of-trade-uk/
Office for National Statistics (UK). "Balance of Trade in Goods and Services in The United Kingdom from 1st Quarter 1997 to 2nd Quarter 2023 (in Million Gbp)." Statista, Statista Inc., 11 Sep 2024, https://www.statista.com/statistics/284745/balance-of-trade-uk/
Office for National Statistics (UK), Balance of trade in goods and services in the United Kingdom from 1st quarter 1997 to 2nd quarter 2023 (in million GBP) Statista, https://www.statista.com/statistics/284745/balance-of-trade-uk/ (last visited November 18, 2024)
Balance of trade in goods and services in the United Kingdom from 1st quarter 1997 to 2nd quarter 2023 (in million GBP) [Graph], Office for National Statistics (UK), September 11, 2024. [Online]. Available: https://www.statista.com/statistics/284745/balance-of-trade-uk/
