Overview In November 2022 United Kingdom's Cars exports accounted up to £2.66B and imports accounted up to £3.25B, resulting in a negative trade balance of £587M. Between November 2021 and November 2022 the exports of United Kingdom's Cars have increased by £677M (34.1%) from £1.99B to £2.66B, while imports increased by £680M (26.4%) from £2.57B to £3.25B.
Destinations In November 2022, Cars were exported mostly to United States (£797M), China (£482M), Germany (£163M), Belgium (£159M), and France (£133M), and were imported mostly from Germany (£1.34B), China (£670M), Japan (£180M), France (£145M), and Spain (£134M).
Growth In November 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 November 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%).