United Kingdom - Balance of Goods

United Kingdom: Balance of Goods

Mnemonic TRBG.IGBR
Unit Mil. GBP, SA
Adjustments Seasonally Adjusted
Monthly 30.57 %
Data Feb 2021 -16,442
Jan 2021 -12,592

Series Information

Source U.K. Office for National Statistics (ONS)
Release Foreign Trade
Frequency Monthly
Start Date 1/31/1997
End Date 2/28/2021

United Kingdom: Trade

Reference Last Previous Units Frequency
Balance of Goods Feb 2021 -16,442 -12,592 Mil. GBP, SA Monthly
Exports of Goods Feb 2021 24,261 22,083 Mil. GBP, SA Monthly
Imports of Goods Feb 2021 40,703 34,675 Mil. GBP, SA Monthly
Current Account Balance 2020 Q4 -26,286 -14,275 Mil. GBP, SA Quarterly
Exports of Goods and Services 2020 Q4 145,887 138,223 Mil. GBP, SA Quarterly
Imports of Goods and Services 2020 Q4 159,108 142,172 Mil. GBP, SA Quarterly
Net Exports 2020 Q4 -13,221 -3,949 Mil. GBP, SA Quarterly
Real Exports of Goods and Services 2020 Q4 145,040 136,696 Mil. Ch. 2018 GBP, SA Quarterly
Real Imports of Goods and Services 2020 Q4 157,482 141,909 Mil. Ch. 2018 GBP, SA Quarterly
Real Net Exports 2020 Q4 -12,442 -5,213 Mil. Ch. 2018 GBP, SA Quarterly

Release Information

External trade (imports and exports) in goods for the U.K., detailed by commodity and country. In current prices, price indexes and volume indexes. Monthly, quarterly and annual.

All information included in this data set is on a Balance of Payments (BoP) basis and is seasonally adjusted unless otherwise specified. The release contains data showing the total value of trade in goods together with index numbers of volume and price, figures analyzed by broad commodity group (values and indices) and according to geographical area (values only). In addition the data set also includes early monthly estimates of the value of trade in services. The trade in goods data is classified according to the Standard International Trade Classification (SITC).

Chain-linked indices (chained volume measures) which are indexed to form the volume series differ from fixed base indices in that the growth from one year to the next is estimated by weighting the components using the contribution to value of trade in the immediately preceding year (effectively re-basing every year). This series of annually re-weighted annual growths is then ‘chain-linked’ to produce a continuous series.

The implied price deflators derived by comparing current price data to chained volume measures data are not the same as the price indices published in this data set because the former are current weighted while the latter are base weighted.

Detailed methodological notes are published in the UK Balance of Payments - The Pink Book, 2014.