Overview: In April 2021 United Kingdom's Precious metals, gems and jewelry exports accounted up to £4.67B and imports accounted up to £4.73B, resulting in a negative trade balance of £64.4M. Between April 2020 and April 2021 the exports of United Kingdom's Precious metals, gems and jewelry have decreased by £-1.16B (-19.9%) from £5.82B to £4.67B, while imports increased by £348M (7.95%) from £4.38B to £4.73B.
Destinations: In April 2021, Precious metals, gems and jewelry were exported mostly to Switzerland (£1.4B), Hungary (£829M), Germany (£601M), United Arab Emirates (£389M), and United States (£333M), and were imported mostly from Russia (£1.11B), United States (£765M), South Africa (£658M), Canada (£410M), and Switzerland (£229M).
Growth: In April 2021, the decrease in Precious metals, gems and jewelry's year-by-year exports was explained primarily by a decrease in exports to Switzerland (£-1.97B or -58.5%), Canada (£-358M or -79.1%), and Austria (£-294M or -96.3%). In April 2021, the increase in Precious metals, gems and jewelry's year-by-year imports was explained primarily by an increase in imports from South Africa (£594M or 919%), China (£208M or 1.5k%), and Switzerland (£191M or 493%).