Total UK trade value 2023| ��ƽ��

United Kingdom (UK) total trade from 1st quarter 2016 to 2nd quarter 2023, by trade value (in million GBP)

Characteristic	Total exports	Total imports	Trade balance
Q2 '23	197,814	216,797	-18,983
Q1 '23	200,396	219,841	-19,445
Q4 '22	203,154	228,522	-25,368
Q3 '22	208,601	232,742	-24,141
Q2 '22	194,870	224,921	-30,051
Q1 '22	176,443	206,839	-30,396
Q4 '21	179,640	189,069	-9,429
Q3 '21	157,467	170,887	-13,420
Q2 '21	160,313	162,077	-1,764
Q1 '21	150,916	148,976	1,940
Q4 '20	156,266	164,562	-8,296
Q3 '20	146,319	146,603	-284
Q2 '20	136,341	124,948	11,393
Q1 '20	167,188	163,950	3,238
Q4 '19	172,476	175,395	-2,919
Q3 '19	177,747	182,424	-4,677
Q2 '19	166,655	177,656	-11,001
Q1 '19	168,285	184,648	-16,363
Q4 '18	169,381	182,353	-12,972
Q3 '18	171,550	176,555	-5,005
Q2 '18	167,187	173,077	-5,890
Q1 '18	164,093	170,643	-6,550
Q4 '17	160,795	167,222	-6,427
Q3 '17	163,030	169,763	-6,733
Q2 '17	158,269	167,102	-8,833
Q1 '17	155,308	162,850	-7,542
Q4 '16	151,056	160,047	-8,991
Q3 '16	143,381	157,595	-14,214
Q2 '16	140,449	148,106	-7,657
Q1 '16	134,507	-	-7,385

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Release date

August 2023

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Region

United Kingdom

Survey time period

1st quarter 2016 to 2nd quarter 2023

Supplementary notes

* Seasonally adjusted. Goods and services; excludes the trade of precious metals. On balance of payments basis.

Citation formats

Since the first quarter of 2016, the total trade deficit of the UK has widened, most notably in the first half of 2022. As of the second quarter of 202 the UK's trade balance reached 19 billion British pounds.  

UK’s EU and non-EU trade

  UK runs a trade deficit with the EU, but this is not the case regarding trade with countries outside the European Union. Since 2012, the value of UK goods exported to non-EU countries has persistenly been greater than imports made from these countries, resulting in a healthy trade surplus.   

International UK trade after Brexit

  Following the Brexit referendum of 2016,the UK government has sought to renew a number of that come automatically with EU membership, such as Free Trade Agreements (FTA) and Economic Partnership Agreements (EPA).