Overview In November 2022 United Kingdom exported £42.1B and imported £59.1B, resulting in a negative trade balance of £17B. Between November 2021 and November 2022 the exports of United Kingdom have increased by £12.2B (40.7%) from £29.9B to £42.1B, while imports increased by £11.3B (23.7%) from £47.8B to £59.1B.
Trade In November 2022, the top exports of United Kingdom were Gold (£7.68B), Cars (£2.66B), Gas Turbines (£2.19B), Crude Petroleum (£1.69B), and Commodities not elsewhere specified (£1.66B). In November 2022 the top imports of United Kingdom were Cars (£3.25B), Petroleum Gas (£2.93B), Gold (£2.64B), Crude Petroleum (£2.31B), and Commodities not elsewhere specified (£2.22B).
Origins In November 2022 the exports of United Kingdom were mainly from London Heathrow Airport (£12.9B), Dover Eurotunnel (£5.14B), Southampton (£3.27B), East Midlands Airport (£1.63B), and London Gateway (£1.26B), while imports destinations were mainly London Heathrow Airport (£7.81B), Dover (£4.72B), Felixstowe (£4.53B), and Southampton (£3.32B).
Destinations In November 2022, United Kingdom exported mostly to United States (£5.38B), China (£4.34B), Switzerland (£3.61B), Netherlands (£3.49B), and Germany (£2.93B), and imported mostly from China (£6.86B), United States (£6.82B), Germany (£6.11B), Netherlands (£5.08B), and France (£3.08B).
Growth In November 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 November 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%).