Editing Economy of the United Kingdom (section)

==Trade==
{{see also|List of exports of the United Kingdom}}[[File:UK value of exports at constant prices since 1995.png|thumb|Value of UK exports at constant prices, 1995–2016]]The trade deficit (goods and services) narrowed £0.2 billion to £7.9 billion in the three months to November 2018 as both goods and services exports each increased £0.1 billion more than their respective imports.<ref>{{cite web |series=UK trade – Office for National Statistics |url=https://www.ons.gov.uk/economy/nationalaccounts/balanceofpayments/bulletins/uktrade/november2018 |title= November 2018 release |website=www.ons.gov.uk |access-date=11 January 2019}}</ref>

Excluding erratic commodities (mainly aircraft) the total trade deficit widened £1.2 billion to £9.5 billion in the three months to November 2018.

Large increases in export prices of oil and aircraft drove the narrowing of the total trade deficit; removing the effect of inflation, the total trade deficit widened £0.3 billion to £6.5 billion in the three months to November 2018.

The trade in goods deficit widened £0.8 billion with EU countries and narrowed £0.9 billion with non-EU countries in the three months to November 2018, due mainly to increases in imports from EU countries and exports to non-EU countries.

The total trade deficit widened £4.1 billion in the 12 months to November 2018 due mainly to a £4.4 billion narrowing in the trade in services surplus.

After the withdrawal of the United Kingdom from the European Union, the negotiation of a trade deal between the UK and the European Union including her 27 member states might have the same status than third countries for statistics related to imports and exports with the UK:
* According to OEC World 2017 data, the EU-27-2020 could become/stay one of the notable partners of the UK, with exports from the UK reaching near $200B, close from the United States ($45B, and China $21B).<ref>{{Cite web|url=https://oec.world/en/visualize/tree_map/hs92/export/gbr/show/all/2017/|title = Where does export to? (2017) &#124; OEC}}</ref>
* According to OEC World 2017 data, the EU-27-2020 could become/stay one of the notable partners of the UK, with imports to the UK reaching near $330B, close from the United States ($46B, and China $58B).<ref>{{Cite web|url=https://oec.world/en/visualize/tree_map/hs92/import/gbr/show/all/2017/|title = Where does import from? (2017) &#124; OEC}}</ref>
UK economy received £1 billion to boost through innovative trade digitalisation act in July 2023.<ref>{{cite web|date=20 July 2023|title=UK economy to receive £1 billion boost through innovative trade digitalisation act|url=https://www.gov.uk/government/news/uk-economy-to-receive-1-billion-boost-through-innovative-trade-digitalisation-act}}</ref> 

'''Trade deals being negotiated'''
* [[Canada–United Kingdom Free Trade Agreement]]
* [[India–United Kingdom Free Trade Agreement]]
* [[Gulf Cooperation Council–United Kingdom Free Trade Agreement]]
* [[United Kingdom–United States Free Trade Agreement]]
* [[Comprehensive and Progressive Agreement for Trans-Pacific Partnership]]
* * [[Accession of the United Kingdom to CPTPP]]

''' Other Trade Deals '''
* [[Free trade agreements of the United Kingdom]]