Overview In May 2022 United Kingdom's Gold exports accounted up to £3.99B and imports accounted up to £1.66B, resulting in a positive trade balance of £2.33B. Between May 2021 and May 2022 the exports of United Kingdom's Gold have increased by £3.03B (317%) from £956M to £3.99B, while imports decreased by £-2.34B (-58.5%) from £4B to £1.66B.
Destinations In May 2022, Gold were exported mostly to Switzerland (£1.36B), Hong Kong (£1.11B), United Arab Emirates (£459M), Austria (£268M), and China (£230M), and were imported mostly from Canada (£797M), United States (£370M), South Africa (£92.9M), Mexico (£82.1M), and Spain (£77.1M).
Growth In May 2022, the increase in Gold's year-by-year exports was explained primarily by an increase in exports to Switzerland (£765M or 594%), Spain (£16.6M or 528k%), and United Arab Emirates (£14.8M or 12.8%). In May 2022, the decrease in Gold's year-by-year imports was explained primarily by a decrease in imports from Japan (£-220M or -74.3%), South Africa (£-78.5M or -19.9%), and Hong Kong (£-59.7M or -23.4%).