Overview: In January 2021 London exported £233M and imported £431M, resulting in a negative trade balance of £198M. Between January 2020 and January 2021 the exports of London have increased by $109M (88.1%) from £124M to £233M, while imports decreased by £-230M (-34.8%) from £661M to £431M.
Trade: In January 2021, the top exports of London were Gas Turbines (£18.3M), Cars (£14.5M), Scrap Iron (£10.2M), Cleaning Products (£8.38M), and Computers (£7.96M). In January 2021 the top imports of London were Refined Petroleum (£83.1M), Silver (£42.5M), Raw Lead (£24.5M), Seed Oils (£12.9M), and Precious Metal Scraps (£12.4M).
Destinations: In January 2021, London exported mostly to Germany (£26.2M), France (£21.1M), Belgium (£16.5M), Nigeria (£16.2M), and Netherlands (£14.8M), and imported mostly from Russia (£58.8M), India (£52.1M), United States (£42.4M), Australia (£30M), and China (£30M).
Growth: In January 2021, the increase in London's year-by-year exports was explained primarily by an increase in exports to Nigeria (£6.81M or 72.8%), New Zealand (£6.45M or 6.19k%), and Chile (£6.14M or 18.9k%), and product exports increase in Cleaning Products (£7.77M or 1.26k%), Computers (£7.76M or 3.85k%), and Gas Turbines (£5.32M or 41%). In January 2021, the decrease in London's year-by-year imports was explained primarily by an decrease in imports from United States (£-92.3M or -68.5%), United Arab Emirates (£-76.3M or -96.9%), and South Korea (£-46.2M or -96.4%), and product imports decrease in Refined Petroleum (£-221M or -72.7%), Precious Metal Scraps (£-53M or -81.1%), and Paintings (£-33.8M or -95%).