Overview: In August 2020 United Kingdom exported £22.7B and imported £40B, resulting in a negative trade balance of £17.3B. Between August 2019 and August 2020 the exports of United Kingdom have decreased by £-5.05B (-18.2%) from £27.7B to £22.7B, while imports decreased by £-7.68B (-16.1%) from £47.7B to £40B.
Trade: In August 2020 the top exports of United Kingdom were Cars (£1.2B), Crude Petroleum (£1.16B), Commodities not elsewhere specified (£1.09B), Packaged Medicaments (£1.05B), and Gas Turbines (£958M). In August 2020 the top imports of United Kingdom were Gold (£8.76B), Cars (£1.89B), Telephones (£1.07B), Computers (£979M), and Crude Petroleum (£915M).
Origins: In August 2020 the exports of United Kingdom were mainly from London Heathrow Airport (£3.98B), Southampton (£1.33B), London Gateway (£1.12B), Felixstowe (£754M), and East Midlands Airport (£488M), while imports destinations were mainly London Heathrow Airport (£11.5B), Felixstowe (£3.2B), Southampton (£1.86B), London Gateway (£602M), and London Stansted Airport (£534M).
Destinations: In August 2020 United Kingdom exported mostly to United States (£3.36B), Germany (£2.35B), Ireland (£1.51B), France (£1.3B), and Netherlands (£1.27B), and imported mostly from China (£4.44B), Germany (£4.19B), United States (£3.16B), Hong Kong (£2.46B), and Netherlands (£2.46B).
Growth: In August 2020, the decrease in United Kingdom's year-by-year exports was explained primarily by a decrease in exports to United States (£-1.26B or -27.3%), Netherlands (£-500M or -28.2%), and France (£-480M or -26.9%), and product exports decrease in Gas Turbines (£-855M or -47.2%), Cars (£-830M or -40.9%), and Paintings (£-486M or -67.9%). In August 2020, the decrease in United Kingdom's year-by-year imports was explained primarily by a decrease in imports from Switzerland (£-3.55B or -74%), United States (£-1.66B or -34.5%), and Netherlands (£-749M or -23.3%), and product imports decrease in Gas Turbines (£-878M or -62.2%), Planes, Helicopters, and/or Spacecraft (£-818M or -94.6%), and Refined Petroleum (£-768M or -58.8%).