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United Kingdom Taxes on international trade (current LCU) 2026: Interactive Chart & Historical Data

Taxes on international trade (current LCU) in United Kingdom stood at 5.623 billion in 2024, according to World Bank. The latest value is down 3% from 5.794 billion in 2023. The highest value since 1972 was 6.146 billion in 2022, the lowest 1 million in 1991. United Kingdom ranked 53rd highest of the 86 countries in this dataset in 2023; Uzbekistan ranked first.

Data source: World Bank · Category: Macroeconomics · Explore more indicators on EconDash

Data updated:Last checked:Frequency:AnnualCoverage:1972–2024
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What is Taxes on international trade (current LCU)?

Taxes on international trade (current LCU) captures United Kingdom's cross-border flows of goods and services, revealing the country's competitive position in global markets, trade relationships, and exposure to external economic shocks. Trade data encompasses exports (goods and services sold to other countries), imports (purchases from abroad), and the resulting balance (surplus when exports exceed imports, deficit when the reverse occurs). In United Kingdom, Taxes on international trade (current LCU) reflects comparative advantages — sectors where the country produces efficiently relative to trading partners — as well as exchange rate effects and global demand patterns. Persistent trade deficits may indicate domestic consumption exceeding production, while surpluses suggest strong export competitiveness. Trade relationships also create supply chain dependencies; disruptions in partner countries can affect United Kingdom's industries that rely on imported components or foreign markets for their products.

Key facts

What is the latest Taxes on international trade (current LCU) in United Kingdom?

Taxes on international trade (current LCU) in United Kingdom stood at 5.623 billion in 2024, according to World Bank.

Is Taxes on international trade (current LCU) in United Kingdom rising or falling?

The latest value is down 3% from 5.794 billion in 2023.

How does United Kingdom rank for Taxes on international trade (current LCU)?

United Kingdom ranked 53rd highest of the 86 countries in this dataset in 2023; Uzbekistan ranked first.

What is the highest Taxes on international trade (current LCU) on record in United Kingdom?

The highest value since 1972 was 6.146 billion in 2022, the lowest 1 million in 1991.

Metadata for Taxes on international trade (current LCU) in United Kingdom
IndicatorTaxes on international trade (current LCU)
CountryUnited Kingdom
CategoryMacroeconomics
SourceWorld Bank
Interactive chartView on EconDash
API accessEconDash API documentation

Latest balance: 5.623 billion (2024)

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Source:World Bank — series GC.TAX.INTT.CN
License:CC BY 4.0
Cite this chart
APA

World Bank. (2026). Taxes on international trade (current LCU) — United Kingdom [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/wdi-gc-tax-intt-cn/GBR. Original source: https://data.worldbank.org/indicator/GC.TAX.INTT.CN?locations=GB

MLA

World Bank. "Taxes on international trade (current LCU) — United Kingdom." EconDash, 2026, https://econdash.org/chart/wdi-gc-tax-intt-cn/GBR. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/GC.TAX.INTT.CN?locations=GB.

Chicago

World Bank. 2026. "Taxes on international trade (current LCU) — United Kingdom." EconDash. Accessed November 13, 2026. https://econdash.org/chart/wdi-gc-tax-intt-cn/GBR. Original source: https://data.worldbank.org/indicator/GC.TAX.INTT.CN?locations=GB.

BibTeX
@misc{econdash_wdi_gc_tax_intt_cn_gbr,
  author = {{World Bank}},
  title = {{Taxes on international trade (current LCU) --- United Kingdom}},
  howpublished = {EconDash},
  year = {2026},
  url = {https://econdash.org/chart/wdi-gc-tax-intt-cn/GBR},
  note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/GC.TAX.INTT.CN?locations=GB}
}