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%).