Cars in United Kingdom 2021 Exports | Imports : $30.2B | $33.6B, World Rnk 7 / 218 Rnk 1 / 1216 | World Rnk 5 / 226 Rnk 2 / 1213
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $1.01B | $1.5B, China | China
2021 ECONOMIC COMPLEXITY of United Kingdom: 1.43, Rnk 11 / 131
2021 PRODUCT COMPLEXITY IN Cars: 0.9, Rnk 202 / 1029
Exports In 2021, United Kingdom exported $30.2B in Cars, making it the 7th 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 ($6.86B), China ($4.57B), Germany ($2.68B), Belgium ($1.76B), and France ($1.39B).
The fastest growing export markets for Cars of United Kingdom between 2020 and 2021 were China ($1.01B), United States ($693M), and France ($646M).
Imports In 2021, United Kingdom imported $33.6B in Cars, becoming the 5th 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 ($11.2B), Spain ($3.17B), China ($2.08B), Belgium ($2.05B), and South Korea ($1.95B).
The fastest growing import markets in Cars for United Kingdom between 2020 and 2021 were China ($1.5B), South Korea ($567M), and Czechia ($506M).
January 2023
Overview In January 2023 United Kingdom's Cars exports accounted up to £2.09B and imports accounted up to £2.75B, resulting in a negative trade balance of £654M. Between January 2022 and January 2023 the exports of United Kingdom's Cars have increased by £615M (41.6%) from £1.48B to £2.09B, while imports increased by £359M (15%) from £2.39B to £2.75B.
Destinations In January 2023, Cars were exported mostly to United States (£344M), China (£274M), Germany (£212M), France (£151M), and Belgium (£136M), and were imported mostly from Germany (£1.24B), Japan (£194M), France (£190M), China (£176M), and Spain (£140M).
Growth In January 2023, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to France (£40.6M or 90.2%), Germany (£31.5M or 29.4%), and Spain (£16.8M or 38.6%). In January 2023, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from Germany (£596M or 107%), France (£132M or 628%), and Czechia (£103M or 1.59k%).
EXPORT GROWTH (January 2022 - January 2023): £615M, (41.6%)
IMPORT GROWTH (January 2022 - January 2023): £359M, (15%)
MAIN EXPORTER (January 2023): Southampton, £912M
MAIN DESTINATION (January 2023): United States, £344M
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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EXPORTS (2021): $30.2B
IMPORTS (2021): $33.6B
NET TRADE (2021): -$3.38B
In 2021, United Kingdom exported $30.2B in Cars. The main destinations of United Kingdom exports on Cars were United States ($6.86B), China ($4.57B), Germany ($2.68B), Belgium ($1.76B), and France ($1.39B).
In 2021, United Kingdom imported $33.6B in Cars, mainly from Germany ($11.2B), Spain ($3.17B), China ($2.08B), Belgium ($2.05B), and South Korea ($1.95B).
THE FASTEST GROWING Cars EXPORT MARKETS FOR United Kingdom WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY United Kingdom WERE (2020 - 2021):
In 2021, United Kingdom's main exporting competitors in Cars were:
In 2021, United Kingdom's main importing competitors in Cars were:
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