Overview: In August 2020 United Kingdom's Gold exports accounted up to £535M and imports accounted up to £8.76B, resulting in a negative trade balance of £8.23B. Between August 2019 and August 2020 the exports of United Kingdom's Gold have decreased by £-14.5M (-2.64%) from £550M to £535M, while imports decreased by £-485M (-5.24%) from £9.25B to £8.76B.
Destinations: In August 2020 Gold exported mostly to Turkey (£181M), Switzerland (£124M), United States (£97.2M), Germany (£76.5M), and Spain (£27.8M), and imported mostly from Uzbekistan (£2.05B), Hong Kong (£1.95B), Russia (£1.07B), Switzerland (£927M), and United States (£620M).
Growth: In August 2020, the decrease in Gold's year-by-year exports was explained primarily by a decrease in exports to United Arab Emirates (£-109M or -98.7%), United States (£-86.9M or -47.2%), and Hong Kong (£-31.7M or -100%). In August 2020, the decrease in Gold's year-by-year imports was explained primarily by a decrease in imports from Switzerland (£-3.41B or -78.6%), Australia (£-360M or -48.4%), and South Africa (£-274M or -73.1%).