United Kingdom total trade value 2016-2023
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 trade agreements that come automatically with EU membership, such as Free Trade Agreements (FTA) and Economic Partnership Agreements (EPA).