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Balance of Trade In Goods and Services (Local Currency) fell 558% to GBP -29.1 bil in the United Kingdom in 2021

Balance of Trade In Goods and Services (Local Currency) (GBP bil), 2021
Economy | United Kingdom | January 3, 2023
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Excel Sheet

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