In 2022, the value of goods and services the United Kingdom (UK) imported from the EU amounted to 305.7 billion British pounds. Since the UK's exit from the European Union, trade between the two entities fluctuated.
Clothing and beverages from the EU
As displayed in this statistic, the United Kingdom imported goods and services from the EU on an ever-increasing level since 1999. The EU is a key trade partner for the UK,
particularly for food products.
Capital products such as machinery and chemicals are also among the leading commodities traded betweenthe UK and the EU.
UK-EU trade balance
As it stands, the
trade balance between the UK and the EU is defined by a deficit: the UK imports more goods and services than it exports to the EU. In the case of a hard Brexit where the UK leaves the EU with no deal terms, the UK will have to abide by the external tariff imposed by the EU.