Cars in United Kingdom

EXPORTS (2018): $43.4B, World Rnk 5 / 209
Flag Rnk 1 / 1215

TOP DESTINATION (2018): $9.74B, United States

FASTEST GROWING MARKET (2017 - 2018): $934M, United States

IMPORTS (2018): $48.5B, World Rnk 3 / 220
Flag Rnk 1 / 1212

TOP ORIGIN (2018): $19.8B, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $788M, United States

ECONOMIC COMPLEXITY of United Kingdom (2018): 1.49, Rnk 13 / 137

PRODUCT COMPLEXITY  IN Cars (2018): 0.78, Rnk 249 / 1018

Overview: This page contains the latest trade data of Cars in United Kingdom.

Exports: In 2018, United Kingdom exported $43.4B in Cars, making it the 5th largest exporter of Cars in the world. At the same year, Cars was the 1st most exported product in United Kingdom. The main destination of Cars exports from United Kingdom are: United States ($9.74B), China ($4.74B), Belgium-Luxembourg ($3.24B), Germany ($3.19B), and Italy ($2.03B).

The fastest growing export markets for Cars of United Kingdom between 2017 and 2018 were United States ($934M), Netherlands ($601M), and Japan ($277M).

Imports: In 2018, United Kingdom imported $48.5B in Cars, becoming the 3rd largest importer of Cars in the world. At the same year, Cars was the 1st most imported product in United Kingdom. United Kingdom imports Cars primarily from: Germany ($19.8B), Belgium-Luxembourg ($7.52B), Spain ($3.61B), Japan ($2.21B), and Czechia ($1.79B).

The fastest growing import markets in Cars for United Kingdom between 2017 and 2018 were United States ($788M), Czechia ($483M), and Belgium-Luxembourg ($482M).

Overview: In August 2020 United Kingdom's Cars exports accounted up to £1.2B and imports accounted up to £1.89B, resulting in a negative trade balance of £693M. Between August 2019 and August 2020 the exports of United Kingdom's   Cars have decreased by £-830M (-40.9%) from £2.03B to £1.2B, while imports decreased by £-496M (-20.8%) from £2.39B to £1.89B.

Destinations: In August 2020 Cars exported mostly to United States (£332M), China (£189M), Belgium (£69.6M), Germany (£61.3M), and Japan (£47.2M), and imported mostly from Germany (£850M), Belgium (£412M), South Korea (£118M), Japan (£117M), and Spain (£93.5M).

Growth: In August 2020, the decrease in Cars's year-by-year exports was explained primarily by a decrease in exports to United States (£-240M or -42%), Germany (£-97.2M or -61.3%), and China (£-90.2M or -32.3%). In August 2020, the decrease in Cars's year-by-year imports was explained primarily by a decrease in imports from Belgium (£-205M or -33.2%), Turkey (£-51.3M or -52.9%), and Sweden (£-50.4M or -88.6%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (August 2019 - August 2020): £-830M, (-40.9%)

IMPORT GROWTH (August 2019 - August 2020): £-496M, (-20.8%)

MAIN EXPORTER (August 2020): Southampton, £638M

MAIN DESTINATION (August 2020): United States, £332M

This section shows Cars's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Cars over time.

Value

EXPORTS (2018): $43.4B

IMPORTS (2018): $48.5B

NET TRADE (2018): -$5.15B

In 2018, United Kingdom exported $43.4B in Cars. The main destinations of United Kingdom exports on Cars were United States ($9.74B), China ($4.74B), Belgium-Luxembourg ($3.24B), Germany ($3.19B), and Italy ($2.03B).

In 2018, United Kingdom imported $48.5B in Cars, mainly from Germany ($19.8B), Belgium-Luxembourg ($7.52B), Spain ($3.61B), Japan ($2.21B), and Czechia ($1.79B).

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IN 2018, United Kingdom HAD A POSITIVE NET TRADE IN Cars WITH:

  • United States, $8.79B ($9.74B - $956M)
  • China, $4.6B ($4.74B - $140M)
  • Italy, $1.15B ($2.03B - $875M)

IN 2018, United Kingdom HAD A NEGATIVE NET TRADE IN Cars WITH:

  • Germany, -$16.6B ($3.19B - $19.8B)
  • Belgium-Luxembourg, -$4.29B ($3.24B - $7.52B)
  • Spain, -$1.84B ($1.77B - $3.61B)
Flow

THE FASTEST GROWING Cars EXPORT MARKETS FOR United Kingdom WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY United Kingdom WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, United Kingdom's main exporting competitors in Cars were:

In 2018, United Kingdom's main importing competitors in Cars were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Cars in United Kingdom. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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