Overview In March 2023 United Kingdom's Precious stones, metals, & pearls exports accounted up to £5.75B and imports accounted up to £3.83B, resulting in a positive trade balance of £1.93B. Between March 2022 and March 2023 the exports of United Kingdom's Precious stones, metals, & pearls have increased by £2.15B (59.8%) from £3.6B to £5.75B, while imports decreased by £-1.17B (-23.4%) from £5B to £3.83B.
Destinations In March 2023, Precious stones, metals, & pearls were exported mostly to Switzerland (£3.77B), China (£1.03B), Germany (£158M), United States (£126M), and North Macedonia (£89.5M), and were imported mostly from Kazakhstan (£1.02B), Canada (£791M), United States (£409M), South Africa (£224M), and Germany (£194M).
Growth In March 2023, the increase in Precious stones, metals, & pearls's year-by-year exports was explained primarily by an increase in exports to Switzerland (£1.15B or 112%), Singapore (£219M or 12.4k%), and India (£217M or 782%). In March 2023, the decrease in Precious stones, metals, & pearls's year-by-year imports was explained primarily by a decrease in imports from Australia (£-435M or -100%), Canada (£-428M or -40.8%), and China (£-255M or -96%).