London

Overview In January 2023 London exported £169M and imported £1.68B, resulting in a negative trade balance of £1.51B. Between January 2022 and January 2023 the exports of London have decreased by $-3.35M (-1.94%) from £172M to £169M, while imports decreased by £-214M (-11.3%) from £1.9B to £1.68B.

Trade In January 2023, the top exports of London were Gas Turbines (£25M), Scrap Iron (£18.2M), Cars (£8.85M), Motor vehicles; parts and accessories (8701... (£6.37M), and Packaged Medicaments (£6.06M). In January 2023 the top imports of London were Cars (£323M), Delivery Trucks (£62.1M), Motor vehicles; parts and accessories (8701... (£55.9M), Cleaning Products (£40.5M), and Tractors (£35.5M).

Destinations In January 2023, London exported mostly to Singapore (£25.4M), Belgium (£22.5M), United States (£11.2M), Morocco (£10.1M), and Nigeria (£8.59M), and imported mostly from Germany (£326M), Belgium (£302M), Netherlands (£154M), Italy (£128M), and Romania (£105M).

Growth In January 2023, the decrease in London's year-by-year exports was explained primarily by an decrease in exports to Germany (£-13.7M or -52.1%), France (£-12.7M or -60.2%), and Ireland (£-11.1M or -81.7%), and product exports decrease in Gas Turbines (£-16.1M or -88.1%), Computers (£-7.78M or -97.6%), and Oscilloscopes (£-3.67M or -99.4%). In January 2023, the decrease in London's year-by-year imports was explained primarily by an decrease in imports from United States (£-17.2M or -40.4%), Russia (£-17.1M or -29.1%), and Ukraine (£-12.9M or -99.6%), and product imports decrease in Silver (£-40.7M or -95.9%), Seed Oils (£-12.9M or -99.7%), and Precious Metal Scraps (£-11.9M or -96.4%).