Merchandise Trade Balance in United Kingdom
The merchandise trade balance of the United Kingdom averaged USD -200 billion in the decade to 2022. The 2022 reading was USD -270 billion. For more trade information, visit our dedicated page.
United Kingdom Trade Chart
Note: This chart displays Trade Balance (USD billion) for United Kingdom from 2014 to 2023.
Source: Macrobond.
United Kingdom Trade Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | -185 | -164 | -223 | -254 | -233 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects British trade projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for British trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our British trade projections.
Want to get access to the full dataset of British trade forecasts? Send an email to info@focus-economics.com.