Overview In March 2023 United Kingdom's Lubricating Products exports accounted up to £21.1M and imports accounted up to £16.6M, resulting in a positive trade balance of £4.5M. Between March 2022 and March 2023 the exports of United Kingdom's Lubricating Products have decreased by £-337k (-1.57%) from £21.4M to £21.1M, while imports increased by £1.06M (6.81%) from £15.5M to £16.6M.
Destinations In March 2023, Lubricating Products were exported mostly to India (£1.45M), Turkey (£1.25M), Belgium (£1.14M), Germany (£1.01M), and Netherlands (£956k), and were imported mostly from Germany (£3.82M), France (£2.79M), Netherlands (£2.71M), Belgium (£2.51M), and United States (£2.1M).
Growth In March 2023, the decrease in Lubricating Products's year-by-year exports was explained primarily by a decrease in exports to Canada (£-327k or -94.2%), Turkey (£-304k or -54.2%), and Ukraine (£-221k or -95.8%). In March 2023, the increase in Lubricating Products's year-by-year imports was explained primarily by an increase in imports from France (£1.83M or 283%), Netherlands (£1.06M or 294%), and Belgium (£805k or 73.4%).