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United Kingdom Net Trade (Goods & Services, BoP)

The United Kingdom's net trade (goods & services, bop) rose to $-41.22 billion in 2024, up from $-36.25 billion in 2023, according to World Bank. This represents an increase of 13.7% ($4.98 billion) from the previous year. The United Kingdom has the 5th lowest net trade (goods & services, bop). Other bottom countries are United States, India, Philippines and Japan.

Yearly Historical Data (1970-2024)

(in Billion USD)
Year Net Trade (Goods & Services, BoP) (Billion USD)
2024 -41.22
2023 -36.25
2022 -58.86
2021 -6.98
2020 13.85
2019 -39.83
2018 -39.58
2017 -35.92
2016 -50.8
2015 -44.42
2014 -59.36
2013 -39.79
2012 -26.81
2011 -21.21
2010 -38.93
2009 -30.18
2008 -52.18
2007 -60
2006 -50.96
2005 -54.36
2004 -55.76
2003 -43.64
2002 -42.33
2001 -28.42
2000 -19.77
1999 -17.19
1998 -11.83
1997 2.9
1996 -3.66
1995 -4.89
1994 -6.98
1993 -9.58
1992 -13.63
1991 -10.89
1990 -24.86
1989 -34.63
1988 -30.35
1987 -8.09
1986 -4.96
1985 4.39
1984 -1.51
1983 3.42
1982 8.47
1981 14.66
1980 11.87
1979 1.33
1978 4.06
1977 1.65
1976 -2.74
1975 -4.37
1974 -9.99
1973 -4.58
1972 -0.29
1971 1.86
1970 0.98
United Kingdom Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in United Kingdom, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $508.69B $521.21B 2024
Annual Imports $809.21B $791.66B 2024
Balance of Trade -£3.4B -£3B Aug'25
Exports £77.4B £78.4B Aug'25
Exports (% GDP) 30.64% 31.98% 2024
FDI Inflows (% GDP) 0.1% 0.41% 2024
Imports £80.8B £81.4B Aug'25
Imports (% GDP) 31.77% 33.05% 2024
Tariff Rate 1.13% 1% 2022
Trade (% GDP) 62.41% 65.03% 2024