UK Trade Surplus/Deficit with EU Member States, 2018

UK Trade Surplus/Deficit with EU Member States, 2018

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The graph above shows UK trade with each of the other 27 EU member states.

In 2018:

• The UK had a trade deficit with 20 of these countries, a surplus with 4 and was broadly in balance with 4.

• The UK’s largest EU trade surplus was with Ireland (£16 billion) while its largest deficit was with Germany (-£22 billion).

When examining trade in goods and services, the picture is more mixed:

• The UK recorded a trade surplus in goods with 5 EU countries, a deficit with 19 and was broadly in balance with 4. The largest goods surplus was with Ireland (£8 billion), the largest deficit was with Germany (-£32 billion).

• The UK recorded a trade surplus in services with 14 EU countries, a deficit with 6 and was broadly in balance with 7. The largest services surplus was with the Netherlands (£11 billion), the largest deficit was with Spain (-£8 billion).

The Appendix at the end of this note shows data on UK trade with individual EU member states in 2018.

Copyright: Open Government Licence v3.0

Read Full News Story » Statistics on UK-EU Trade : July 2019