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2023
Exports $35.4BWorld Rnk 9 / 210
Flag Rnk 1 / 1216
2023
Destination $745M United States
2022 - 2023
FASTEST GROWING MARKET $745MGermany
2023
PRODUCT COMPLEXITY IN Cars0.9Rnk 206 / 1025
2023
Imports $55.5BWorld Rnk 3 / 225
Flag Rnk 1 / 1214
2023
Origin $3.04B Germany
2022 - 2023
FASTEST GROWING ORIGIN $3.04BGermany
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $35.4B in Cars, making it the 9th 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 ($6.59B), China ($4.41B), Germany ($4.28B), Italy ($1.73B), and United Arab Emirates ($1.71B).

The fastest growing export markets for Cars of United Kingdom between 2022 and 2023 were Germany ($745M), Italy ($711M), and United Arab Emirates ($689M).

Imports In 2023, United Kingdom imported $55.5B 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 ($15.6B), China ($5.77B), Spain ($5.06B), Slovakia ($3.62B), and Czechia ($3.32B).

The fastest growing import markets in Cars for United Kingdom between 2022 and 2023 were Germany ($3.04B), Spain ($1.44B), and China ($1.35B).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (42), Cummins (28), and Amazon (3) were at the forefront of shipping Cars from United Kingdom to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Cars exports accounted up to £2.57B and imports accounted up to £4.09B, resulting in a negative trade balance of £1.52B. Between November 2023 and November 2024 the exports of United Kingdom's   Cars have decreased by £-332M (-11.4%) from £2.9B to £2.57B, while imports decreased by £-18.1M (-0.44%) from £4.11B to £4.09B.

Destinations In November 2024, Cars were exported mostly to United States (£906M), Germany (£201M), France (£169M), Italy (£121M), and Belgium (£110M), and were imported mostly from Germany (£1.75B), Belgium (£563M), China (£343M), Spain (£331M), and Japan (£154M).

Growth In November 2024, the decrease in Cars's year-by-year exports was explained primarily by a decrease in exports to Sweden (£-16M or -56.6%), Spain (£-14M or -23.2%), and Greece (£-5.65M or -62.7%). In November 2024, the decrease in Cars's year-by-year imports was explained primarily by a decrease in imports from Spain (£-113M or -44.5%), South Korea (£-85.8M or -64.1%), and Czechia (£-67M or -61.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£-332M(-11.4%)
IMPORT GROWTH (November 2023 - November 2024)£-18.1M(-0.44%)
MAIN EXPORTER (November 2024)Southampton£1.31B
MAIN DESTINATION (November 2024)United States£906M

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
EXPORTS (2023)$35.4B
IMPORTS (2023)$55.5B
NET TRADE (2023)-$20.2B

In 2023, United Kingdom exported $35.4B in Cars. The main destinations of United Kingdom exports on Cars were United States ($6.59B), China ($4.41B), Germany ($4.28B), Italy ($1.73B), and United Arab Emirates ($1.71B).

In 2023, United Kingdom imported $55.5B in Cars, mainly from Germany ($15.6B), China ($5.77B), Spain ($5.06B), Slovakia ($3.62B), and Czechia ($3.32B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Germany$745M (21.1%)
Italy$711M (69.5%)
United Arab Emirates$689M (67.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY United Kingdom WERE (2022 - 2023):
Sweden-$58.8M (-13.1%)
Russia-$51.8M (-100%)
Qatar-$30.9M (-22.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Cars were:
Germany $174B
Japan $119B
China $74.5B
In 2023, United Kingdom's main importing competitors in Cars were:
United States $208B
Germany $78.1B

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.39B
TOP IMPORT POTENTIALGermany+ $1.33B

Cars’s highest export potential is United States. With an export gap of $1.39B.   Cars’s highest import potential is Germany with an import gap of $1.33B.

See methodology.

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