Overview In January 2023, United Kingdom exported £99.8M and imported £8.22M from Russia, resulting in a positive trade balance of £91.6M. Between January 2022 and January 2023 the exports of United Kingdom have decreased by £-74.1M (-42.6%) from £174M to £99.8M, while imports decreased by £-1.52B (-99.5%) from £1.53B to £8.22M.
Trade In January 2023, the top exports of United Kingdom to Russia were Cars (£21.6M), Large Construction Vehicles (£14.8M), Packaged Medicaments (£8.96M), Commodities not elsewhere specified (£8.3M), and Combustion Engines (£7.75M). In January 2023 the top imports of United Kingdom from Russia were Gold (£550M), Refined Petroleum (£291M), Petroleum Gas (£284M), Crude Petroleum (£249M), and Coal Briquettes (£31.1M).
Origins In January 2023 the exports of United Kingdom were mainly from Dover Eurotunnel (£86.7M), Immingham (£4.56M), London (£3.55M), London Heathrow Airport (£1.87M), and Dover (£1.55M), while imports destinations were mainly Liverpool (£2.37M) and London Heathrow Airport (£140k).
Growth In January 2023, the decrease in United Kingdom's year-by-year exports to Russia was explained primarily by an decrease in product exports in Cars (£-12.9M or -37.4%), Planes, Helicopters, and/or Spacecraft (£-10.3M or -100%), and Packaged Medicaments (£-5.76M or -39.1%). In January 2023, the decrease in United Kingdom's year-by-year imports from Russia was explained primarily by an decrease in product imports in Platinum (£-70.9M or -87.1%), Silver (£-16M or -89.3%), and Commodities not elsewhere specified (£-12.9M or -76.5%).