Overview In October 2022 United Kingdom's Gold exports accounted up to £8.5B and imports accounted up to £3.17B, resulting in a positive trade balance of £5.33B. Between October 2021 and October 2022 the exports of United Kingdom's Gold have increased by £3.39B (66.5%) from £5.1B to £8.5B, while imports increased by £241M (8.22%) from £2.93B to £3.17B.
Destinations In October 2022, Gold were exported mostly to Switzerland (£3.51B), China (£3.45B), United Arab Emirates (£877M), Hong Kong (£272M), and Spain (£127M), and were imported mostly from Philippines (£1.41B), Canada (£560M), United States (£383M), Kazakhstan (£212M), and Switzerland (£178M).
Growth In October 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 October 2022, the increase in Gold's year-by-year imports was explained primarily by an increase in imports from Australia (£400M or 1.35k%), Russia (£297M or 144%), and Canada (£167M or 19%).