Overview: In March 2020 United Kingdom exported £27.6B and imported £40.3B, resulting in a negative trade balance of £12.7B. Between March 2019 and March 2020 the exports of United Kingdom have decreased by £-40.5B (-59.4%) from £68.1B to £27.6B, while imports decreased by £-57.4B (-58.8%) from £97.7B to £40.3B.
Trade: In March 2020 the top exports of United Kingdom were Cars (£2.32B), Gold (£2.3B), Gas Turbines (£1.49B), Packaged Medicaments (£1.32B), and Commodities not elsewhere specified (£1.06B). In March 2020 the top imports of United Kingdom were Gold (£3.94B), Cars (£3.18B), Gas Turbines (£1.48B), Crude Petroleum (£1.32B), and Telephones (£1.07B).
Origins: In March 2020 the exports of United Kingdom were mainly from London Heathrow Airport (£5.42B), Southampton (£1.95B), London Gateway (£1.01B), London Stansted Airport (£921M), and Liverpool (£605M), while imports destinations were mainly London Heathrow Airport (£7.3B), Felixstowe (£2.44B), Southampton (£1.74B), London Stansted Airport (£730M), and London Gateway (£581M).
Destinations: In March 2020 United Kingdom exported mostly to United States (£4.12B), Germany (£2.65B), Switzerland (£1.66B), Netherlands (£1.57B), and Ireland (£1.56B), and imported mostly from Germany (£5.05B), United States (£4.65B), Netherlands (£3.32B), China (£2.3B), and Belgium (£2.18B).
Growth: In March 2020, the decrease in United Kingdom's year-by-year exports was explained primarily by a decrease in exports to United States (£-5.32B or -56.4%), Germany (£-4.18B or -61.2%), and France (£-4.05B or -73.1%), and product exports decrease in Cars (£-3.18B or -57.8%), Gas Turbines (£-2.31B or -60.9%), and Crude Petroleum (£-2.15B or -74.2%). In March 2020, the decrease in United Kingdom's year-by-year imports was explained primarily by a decrease in imports from Germany (£-8.53B or -62.8%), Netherlands (£-6.06B or -64.6%), and France (£-4.96B or -73%), and product imports decrease in Cars (£-4.46B or -58.3%), Telephones (£-2.15B or -66.7%), and Packaged Medicaments (£-1.92B or -70%).