Cars in United Kingdom 2020 Exports | Imports : $27.1B | $32.8B, World Rnk 8 / 210 Rnk 1 / 1216 | World Rnk 5 / 224 Rnk 2 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $267M | $21.4M, Turkey | Mexico
2020 ECONOMIC COMPLEXITY of United Kingdom: 1.42, Rnk 13 / 127
2020 PRODUCT COMPLEXITY IN Cars: 0.89, Rnk 214 / 1029
Exports In 2020, United Kingdom exported $27.1B in Cars, making it the 8th 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 ($6.17B), China ($3.56B), Germany ($2.13B), Belgium ($1.95B), and Netherlands ($1.03B).
The fastest growing export markets for Cars of United Kingdom between 2019 and 2020 were Turkey ($267M), Malaysia ($57.4M), and Ukraine ($46.2M).
Imports In 2020, United Kingdom imported $32.8B 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 ($13.3B), Spain ($3.2B), Belgium ($2.53B), Japan ($1.9B), and Slovakia ($1.83B).
The fastest growing import markets in Cars for United Kingdom between 2019 and 2020 were Mexico ($21.4M), South Africa ($19.8M), and China ($16.5M).
November 2022
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%).
EXPORT GROWTH (November 2021 - November 2022): £677M, (34.1%)
IMPORT GROWTH (November 2021 - November 2022): £680M, (26.4%)
MAIN EXPORTER (November 2022): Southampton, £1.52B
MAIN DESTINATION (November 2022): United States, £797M
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 (2020): $27.1B
IMPORTS (2020): $32.8B
NET TRADE (2020): -$5.73B
In 2020, United Kingdom exported $27.1B in Cars. The main destinations of United Kingdom exports on Cars were United States ($6.17B), China ($3.56B), Germany ($2.13B), Belgium ($1.95B), and Netherlands ($1.03B).
In 2020, United Kingdom imported $32.8B in Cars, mainly from Germany ($13.3B), Spain ($3.2B), Belgium ($2.53B), Japan ($1.9B), and Slovakia ($1.83B).
THE FASTEST GROWING Cars EXPORT MARKETS FOR United Kingdom WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY United Kingdom WERE (2019 - 2020):
In 2020, United Kingdom's main exporting competitors in Cars were:
In 2020, United Kingdom's main importing competitors in Cars were:
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