Indicator Showing the Difference Between UK Exports and Imports (Trade Balance)
United Kingdom| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The goods trade balance is an economic indicator that shows the difference between the exports and imports of goods in the UK. This indicator shows a trade surplus when exports exceed imports, and a trade deficit when imports exceed exports. The trade balance is an important part of the balance of payments and is used to assess the health of the economy and international competitiveness.
The UK's trade balance is released monthly by the Office for National Statistics (ONS). A trade surplus increases the country's foreign exchange reserves and can lead to an appreciation of the currency. Conversely, a trade deficit may increase foreign borrowing and potentially lead to a depreciation of the currency. The trade balance is crucial for policymakers as it impacts economic growth and inflation.
Particularly, fluctuations in the trade balance can influence policymakers when considering adjustments to exchange rates or changes in tariff policies. Additionally, trade balance data is widely watched as it affects export-import strategies of companies and investment decisions of investors.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
