Overview In May 2022 United Kingdom's Cars exports accounted up to £1.78B and imports accounted up to £2.83B, resulting in a negative trade balance of £1.05B. Between May 2021 and May 2022 the exports of United Kingdom's Cars have increased by £182M (11.4%) from £1.6B to £1.78B, while imports increased by £835M (41.8%) from £2B to £2.83B.
Destinations In May 2022, Cars were exported mostly to United States (£325M), China (£244M), Germany (£173M), France (£111M), and Italy (£102M), and were imported mostly from Germany (£1.41B), Spain (£410M), France (£173M), South Korea (£111M), and Japan (£105M).
Growth In May 2022, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to China (£42.6M or 23.9%), Australia (£13.8M or 56.2%), and Morocco (£11.5M or 1.74k%). In May 2022, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from Spain (£71.5M or 38.2%), Netherlands (£41.8M or 41.6%), and Turkey (£16.7M or 25.7%).