Cars in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $29.4B in Cars, making it the 8th largest exporter of Cars in the world. At the same year, Cars was the 2nd most exported product in United Kingdom. The main destination of Cars exports from United Kingdom are: United States ($6.77B), China ($4.09B), Germany ($2.59B), France ($1.56B), and Belgium ($1.43B).

The fastest growing export markets for Cars of United Kingdom between 2021 and 2022 were United Arab Emirates ($383M), South Korea ($199M), and France ($189M).

Imports In 2022, United Kingdom imported $40.3B in Cars, becoming the 4th largest importer of Cars in the world. At the same year, Cars was the 2nd most imported product in United Kingdom. United Kingdom imports Cars primarily from: Germany ($12.3B), China ($4.24B), Spain ($3.44B), Czechia ($2.27B), and South Korea ($2.25B).

The fastest growing import markets in Cars for United Kingdom between 2021 and 2022 were China ($2.16B), Germany ($1.08B), and Mexico ($743M).

COMPANIES In 2023, leading companies such as AMAZON SERVICES LLC (232), CUMMINS ROCKY MOUNT ENGINE PLANT (168), and DOLE FRESH FRUIT COMPANY (168) were at the forefront of shipping Cars from United Kingdom to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United Kingdom's Cars exports accounted up to £2.25B and imports accounted up to £3.42B, resulting in a negative trade balance of £1.17B. Between January 2023 and January 2024 the exports of United Kingdom's Cars have increased by £157M (7.51%) from £2.09B to £2.25B, while imports increased by £673M (24.5%) from £2.75B to £3.42B.

Destinations In January 2024, Cars were exported mostly to United States (£449M), China (£316M), Belgium (£251M), Germany (£138M), and France (£128M), and were imported mostly from Germany (£1.45B), China (£332M), Japan (£272M), Spain (£231M), and France (£188M).

Growth In January 2024, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to China (£82.8M or 43.4%), Germany (£73.4M or 53%), and France (£65.5M or 76.4%). In January 2024, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from China (£150M or 596%), Germany (£87.5M or 7.57%), and Japan (£82.1M or 73.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£157M(7.51%)

IMPORT GROWTH (January 2023 - January 2024)£673M(24.5%)

MAIN EXPORTER (January 2024)Southampton£1.04B

MAIN DESTINATION (January 2024)United States£449M

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.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$29.4B

IMPORTS (2022)$40.3B

NET TRADE (2022)-$10.8B

In 2022, United Kingdom exported $29.4B in Cars. The main destinations of United Kingdom exports on Cars were United States ($6.77B), China ($4.09B), Germany ($2.59B), France ($1.56B), and Belgium ($1.43B).

In 2022, United Kingdom imported $40.3B in Cars, mainly from Germany ($12.3B), China ($4.24B), Spain ($3.44B), Czechia ($2.27B), and South Korea ($2.25B).

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