Taxes on international trade in United Kingdom
United Kingdom: Taxes on international trade was 5.62 billion current LCU in 2024. ◆ Volatile
Taxes on international trade in United Kingdom, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
United Kingdom recorded 5.62 billion current LCU for taxes on international trade in 2024.
That represents a change of down 3.0% on the previous year and up 19,982.1% over ten years.
Over the whole period, taxes on international trade in United Kingdom peaked at 6.15 billion current LCU in 2022 and was at its lowest, 1.00 million current LCU, in 1991.
United Kingdom ranks 78th of 155 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 217.88 million current LCU | 43.00 million current LCU | 352.00 million current LCU | 8 |
| 1980s | 72.67 million current LCU | 7.00 million current LCU | 199.00 million current LCU | 9 |
| 1990s | 12.67 million current LCU | 1.00 million current LCU | 36.00 million current LCU | 3 |
| 2010s | 28.00 million current LCU | 28.00 million current LCU | 28.00 million current LCU | 1 |
| 2020s | 4.57 billion current LCU | 256.00 million current LCU | 6.15 billion current LCU | 5 |
Countries ranked near United Kingdom
More public sector data for United Kingdom
- Arms imports 643.00 million SIPRI trend indicator values (2024)
- Tax revenue 26.9% (2024)
- Taxes on income, profits and capital gains 40.6% (2024)
- Taxes on goods and services 31.1% (2024)
- Net investment in nonfinancial assets 2.4% (2024)
- Net lending (+) / net borrowing (-) -6.9% (2024)
- Interest payments 8.3% (2024)
- Grants and other revenue 5.6% (2024)
- Interest payments 7.8% (2023)
- Other taxes 4.9% (2024)
Frequently asked questions
- What is taxes on international trade in United Kingdom?
- Taxes on international trade in United Kingdom was 5.62 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in United Kingdom?
- The highest recorded value was 6.15 billion current LCU in 2022.
- What is the lowest taxes on international trade recorded in United Kingdom?
- The lowest recorded value was 1.00 million current LCU in 1991.
- How does United Kingdom rank for taxes on international trade?
- United Kingdom ranks 78th out of 155 countries with data for 2024.
- Is taxes on international trade rising or falling in United Kingdom?
- Over the last ten years it is up 19,982.1%. The long-run trend across the full record is volatile.
- Where does this United Kingdom data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on international trade (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.