Overview In August 2022 United Kingdom exported £38.3B and imported £55.2B, resulting in a negative trade balance of £16.9B. Between August 2021 and August 2022 the exports of United Kingdom have increased by £14.3B (59.3%) from £24.1B to £38.3B, while imports increased by £15.6B (39.5%) from £39.5B to £55.2B.
Trade In August 2022, the top exports of United Kingdom were Gold (£6.31B), Gas Turbines (£2.24B), Cars (£1.91B), Packaged Medicaments (£1.68B), and Crude Petroleum (£1.47B). In August 2022 the top imports of United Kingdom were Petroleum Gas (£4.41B), Gold (£3.65B), Crude Petroleum (£3.11B), Cars (£2.43B), and Refined Petroleum (£2.23B).
Origins In August 2022 the exports of United Kingdom were mainly from London Heathrow Airport (£11.6B), Dover Eurotunnel (£4.27B), Southampton (£2.45B), East Midlands Airport (£1.36B), and Immingham (£1.17B), while imports destinations were mainly London Heathrow Airport (£7.35B), Dover Eurotunnel (£4.3B), Felixstowe (£3.82B), Southampton (£3.53B), and Dover (£3.18B).
Destinations In August 2022, United Kingdom exported mostly to United States (£4.61B), China (£3.34B), Netherlands (£2.97B), Ireland (£2.7B), and Germany (£2.66B), and imported mostly from Germany (£5.3B), Norway (£5.09B), China (£5.03B), Netherlands (£4.82B), and United States (£4.73B).
Growth In August 2022, the increase in United Kingdom's year-by-year exports was explained primarily by an increase in exports to Switzerland (£619M or 95.6%), World (£420M or 50.2%), and Saudi Arabia (£80.1M or 31.2%), and product exports increase in Commodities not elsewhere specified (£542M or 47.7%), Platinum (£271M or 39.1%), and Gold (£144M or 14.6%). In August 2022, the increase in United Kingdom's year-by-year imports was explained primarily by an increase in imports from China (£633M or 15.3%), Australia (£456M or 306%), and World (£266M or 17.6%), and product imports increase in Petroleum Gas (£626M or 83%), Laboratory Reagents (£422M or 483%), and Silver (£382M or 327%).