Overview: In June 2020 United Kingdom exported £23.7B and imported £38.1B, resulting in a negative trade balance of £14.4B. Between June 2019 and June 2020 the exports of United Kingdom have decreased by £-6.09B (-20.4%) from £29.8B to £23.7B, while imports decreased by £-2.62B (-6.42%) from £40.7B to £38.1B.
Trade: In June 2020 the top exports of United Kingdom were Gold (£2.57B), Packaged Medicaments (£1.28B), Gas Turbines (£1.27B), Crude Petroleum (£977M), and Commodities not elsewhere specified (£931M). In June 2020 the top imports of United Kingdom were Gold (£4.09B), Telephones (£1.02B), Computers (£970M), Packaged Medicaments (£741M), and Cars (£615M).
Origins: In June 2020 the exports of United Kingdom were mainly from London Heathrow Airport (£4.87B), London Stansted Airport (£1.07B), London Gateway (£760M), Southampton (£677M), and Felixstowe (£661M), while imports destinations were mainly London Heathrow Airport (£6.79B), Felixstowe (£2.06B), Southampton (£1.18B), London Stansted Airport (£627M), and London Gateway (£439M).
Destinations: In June 2020 United Kingdom exported mostly to United States (£2.84B), Germany (£2.04B), Switzerland (£1.76B), Netherlands (£1.43B), and Ireland (£1.41B), and imported mostly from China (£3.72B), United States (£3.22B), Germany (£2.76B), Netherlands (£2.45B), and France (£1.27B).
Growth: In June 2020, the decrease in United Kingdom's year-by-year exports was explained primarily by a decrease in exports to United States (£-1.67B or -37%), Germany (£-1.04B or -33.8%), and China (£-956M or -53.8%), and product exports decrease in Cars (£-2.06B or -90.4%), Crude Petroleum (£-1.04B or -51.5%), and Refined Petroleum (£-697M or -67.3%). In June 2020, the decrease in United Kingdom's year-by-year imports was explained primarily by a decrease in imports from Germany (£-2.54B or -48%), France (£-898M or -41.4%), and World (£-894M or -54.8%), and product imports decrease in Cars (£-2.21B or -78.2%), Crude Petroleum (£-1.28B or -68.4%), and Refined Petroleum (£-1.1B or -81%).