Overview: In January 2021 Hull exported £158M and imported £576M, resulting in a negative trade balance of £418M. Between January 2020 and January 2021 the exports of Hull have increased by $90.5M (134%) from £67.5M to £158M, while imports increased by £341M (145%) from £235M to £576M.
Trade: In January 2021, the top exports of Hull were Gas Turbines (£34.2M), Commodities not elsewhere specified (£10.9M), Shaving Products (£6.6M), Other Vinyl Polymers (£4.92M), and Liquid Pumps (£3.79M). In January 2021 the top imports of Hull were Petroleum Gas (£501M), Blood, antisera, vaccines, toxins and cultures (£21.3M), Commodities not elsewhere specified (£15M), Iron Structures (£4.18M), and Fish Fillets (£3.92M).
Destinations: In January 2021, Hull exported mostly to Netherlands (£54.3M), Belgium (£19.7M), Germany (£19.6M), United States (£16.4M), and Finland (£7.78M), and imported mostly from World (£501M), Switzerland (£25.9M), Russia (£16.2M), China (£9.98M), and Iceland (£5.37M).
Growth: In January 2021, the increase in Hull's year-by-year exports was explained primarily by an increase in exports to Turkey (£2.81M or 315%), Switzerland (£2.09M or 111%), and Singapore (£1.85M or 56%), and product exports increase in Commodities not elsewhere specified (£10.8M or 11.5k%), Shaving Products (£6.59M or 81.8k%), and Other Vinyl Polymers (£4.92M or 109k%). In January 2021, the increase in Hull's year-by-year imports was explained primarily by an increase in imports from World (£353M or 238%), Russia (£11.7M or 261%), and China (£4.97M or 99.3%), and product imports increase in Petroleum Gas (£353M or 238%), Commodities not elsewhere specified (£9.13M or 156%), and Seats (£1.47M or 1.28k%).