Balance of trade in goods and services fell 558% to GBP -29.1 bil in the United Kingdom in 2021, according to the National Statistical Office.
Historically, balance of trade in goods and services in the United Kingdom reached an all time high of GBP 7.69 bil in 1981 and an all time low of GBP -33.6 bil in 2004. When compared to United Kingdom's main peers, balance of trade in goods and services in Belgium amounted to EUR 6.78 bil, EUR -51.4 bil in France, EUR 198 bil in Germany and EUR 170 bil in Ireland in 2021.
United Kingdom has been ranked 74th within the group of 126 countries we follow in terms of balance of trade in goods and services, 29 places above the position seen 10 years ago.
Balance of Trade In Goods and Services (Local Currency) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Austria | EUR bil | 12.9 | 13.7 | 11.7 | 11.6 | 14.4 | ||||||||||||||||
Belgium | EUR bil | 5.91 | 5.14 | 4.62 | -1.54 | 3.01 | ||||||||||||||||
Canada | CAD bil | -49.1 | -47.8 | -46.9 | -42.2 | -36.9 | ||||||||||||||||
France | EUR bil | -12.5 | -13.5 | -24.5 | -23.9 | -23.3 | ||||||||||||||||
Germany | EUR bil | 230 | 231 | 232 | 205 | 196 | ||||||||||||||||
Iceland | ISK bil | 173 | 167 | 119 | 94.1 | 137 | ||||||||||||||||
Ireland | EUR bil | 75.6 | 42.3 | 65.6 | 93.1 | 12.5 | ||||||||||||||||
Italy | EUR bil | 49.9 | 55.8 | 49.7 | 42.6 | 59.8 | ||||||||||||||||
Luxembourg | EUR bil | 17.6 | 19.0 | 18.4 | 19.6 | 19.2 | ||||||||||||||||
Netherlands | EUR bil | 51.8 | 72.3 | 79.4 | 81.6 | 79.7 | ||||||||||||||||
Poland | PLN bil | 37.4 | 55.5 | 56.1 | 43.5 | 84.7 | ||||||||||||||||
Spain | EUR bil | 32.8 | 44.4 | 41.9 | 32.7 | 36.6 | ||||||||||||||||
United Kingdom | GBP bil | -31.7 | -39.1 | -30.3 | -33.0 | -36.1 |