Overview: In January 2021 United Kingdom exported £20.6B and imported £33.9B, resulting in a negative trade balance of £13.3B. Between January 2020 and January 2021 the exports of United Kingdom have decreased by £-7.75B (-27.4%) from £28.3B to £20.6B, while imports decreased by £-7.56B (-18.2%) from £41.4B to £33.9B.
Trade: In January 2021, the top exports of United Kingdom were Commodities not elsewhere specified (£1.68B), Cars (£1.59B), Gold (£1.13B), Gas Turbines (£1.01B), and Platinum (£965M). In January 2021 the top imports of United Kingdom were Gold (£3.73B), Cars (£1.51B), Petroleum Gas (£1.35B), Telephones (£1.22B), and Computers (£1.04B).
Origins: In January 2021 the exports of United Kingdom were mainly from London Heathrow Airport (£5.25B), Dover (£1.84B), Southampton (£1.65B), London Gateway (£895M), and East Midlands Airport (£830M), while imports destinations were mainly London Heathrow Airport (£6.85B), Felixstowe (£2.43B), Southampton (£2.19B), and London Gateway (£771M).
Destinations: In January 2021, United Kingdom exported mostly to United States (£3.28B), Germany (£1.48B), Switzerland (£1.37B), China (£1.27B), and World (£1.26B), and imported mostly from China (£4.78B), Germany (£3.2B), United States (£3.09B), Netherlands (£2.08B), and World (£1.76B).
Growth: In January 2021, the decrease in United Kingdom's year-by-year exports was explained primarily by an decrease in exports to Germany (£-1.57B or -51.5%), United States (£-1.42B or -30.2%), and France (£-1.13B or -57.6%), and product exports decrease in Gas Turbines (£-816M or -44.7%), Crude Petroleum (£-707M or -46.5%), and Aircraft Parts (£-648M or -56.6%). In January 2021, the decrease in United Kingdom's year-by-year imports was explained primarily by an decrease in imports from Germany (£-1.59B or -33.2%), United States (£-1.17B or -27.4%), and Netherlands (£-969M or -31.7%), and product imports decrease in Cars (£-955M or -38.8%), Refined Petroleum (£-685M or -54.6%), and Gas Turbines (£-674M or -51.6%).