Overview In January 2023 United Kingdom's Balances exports accounted up to £310k and imports accounted up to £2.54M, resulting in a negative trade balance of £2.23M. Between January 2022 and January 2023 the exports of United Kingdom's Balances have increased by £196k (173%) from £114k to £310k, while imports increased by £1.44M (132%) from £1.1M to £2.54M.
Destinations In January 2023, Balances were exported mostly to Netherlands (£155k), Germany (£57.8k), United States (£8.44k), Malta (£8.23k), and Uzbekistan (£7.44k), and were imported mostly from Netherlands (£1.62M), Germany (£756k), South Korea (£51.6k), Turkey (£22.2k), and Japan (£22k).
Growth In January 2023, the increase in Balances's year-by-year exports was explained primarily by an increase in exports to Netherlands (£22.4k or 757%), Switzerland (£4.86k or 428%), and Portugal (£945 or 28.5%). In January 2023, the increase in Balances's year-by-year imports was explained primarily by an increase in imports from Netherlands (£532k or 320%), Germany (£134k or 115%), and China (£39.7k or 660%).