United Kingdom balance of trade

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United Kingdom balance of trade: -3462 (71.81%)
Last Update: September 30, 2024

United Kingdom balance of trade closed down -3462 as of September 30, 2024 from -2015 from the previous month and -1550 from last year.


United Kingdom balance of trade Analytics & Data




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United Kingdom balance of trade

Date Values
2024-09-30 -3462
2024-08-31 -2015
2024-07-31 -4712
2024-06-30 -5141
2024-05-31 -4576
2024-04-30 -6196
2024-03-31 -1033
2024-02-29 -423
2024-01-31 -503
2023-12-31 772
2023-11-30 -1091
2023-10-31 -3472
2023-09-30 -1550
2023-08-31 -3477
2023-07-31 -1665
2023-06-30 -2438
2023-05-31 -5316
2023-04-30 -1588
2023-03-31 -2642
2023-02-28 -2942
2023-01-31 -2594
2022-12-31 -3791
2022-11-30 1102
2022-10-31 3888

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United Kingdom balance of trade Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
balance of trade uk.balanceoftrade -3462.0 -2015 72 123 Down Down 85 2024-09-30

United Kingdom balance of trade Quantitative Analysis, Charts & Factors

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United Kingdom balance of trade Historical Data

The MacroVar database offers free access to historical data for the United Kingdom balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of United Kingdom balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the United Kingdom balance of trade

The United Kingdom's balance of trade refers to the difference between the value of exports and imports of goods and services in the country. A positive balance of trade occurs when the value of exports exceeds the value of imports, resulting in a trade surplus. Conversely, a negative balance of trade occurs when the value of imports exceeds the value of exports, resulting in a trade deficit. The UK has historically run a trade deficit, as it imports more goods and services than it exports. This can have implications for the country's economy, as a large trade deficit can lead to a reliance on foreign goods and potential currency depreciation. Efforts are often made to improve the balance of trade through initiatives such as increasing exports and promoting domestic production.

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