Overview In September 2023 United Kingdom exported £35.4B and imported £48.8B, resulting in a negative trade balance of £13.5B. Between September 2022 and September 2023 the exports of United Kingdom have decreased by £-7.03B (-16.6%) from £42.4B to £35.4B, while imports decreased by £-6.01B (-11%) from £54.8B to £48.8B.
Trade In September 2023, the top exports of United Kingdom were Gold (£5.93B), Cars (£2.48B), Gas Turbines (£2.22B), Commodities not elsewhere specified (£1.85B), and Crude Petroleum (£1.12B). In September 2023 the top imports of United Kingdom were Cars (£3.45B), Refined Petroleum (£2.08B), Commodities not elsewhere specified (£2B), Gold (£1.98B), and Crude Petroleum (£1.88B).
Origins In September 2023 the exports of United Kingdom were mainly from London Heathrow Airport (£10.2B), Dover Eurotunnel (£4.57B), Southampton (£2.43B), Inland Clearance (£1.87B), and East Midlands Airport (£1.38B), while imports destinations were mainly London Heathrow Airport (£5.57B), Dover (£4.47B), Felixstowe (£4.09B), Undefined (£3.6B), and Immingham (£3.33B).
Destinations In September 2023, United Kingdom exported mostly to United States (£4.61B), Germany (£2.65B), China (£2.42B), Netherlands (£2.38B), and Hong Kong (£2.32B), and imported mostly from China (£5.56B), Germany (£5.49B), Netherlands (£4.23B), United States (£4.14B), and France (£3.11B).
Growth In September 2023, the decrease in United Kingdom's year-by-year exports was explained primarily by an decrease in exports to Switzerland (£-3.1B or -68.6%), United Arab Emirates (£-1.35B or -72%), and China (£-1.15B or -32.2%), and product exports decrease in Gold (£-3.02B or -33.8%), Petroleum Gas (£-811M or -79.2%), and Silver (£-728M or -90%). In September 2023, the decrease in United Kingdom's year-by-year imports was explained primarily by an decrease in imports from United States (£-1.87B or -31.1%), Norway (£-1.68B or -53%), and Qatar (£-1.13B or -92.2%), and product imports decrease in Petroleum Gas (£-3.98B or -90.1%), Crude Petroleum (£-878M or -31.9%), and Gold (£-737M or -27.2%).