Overview: In January 2021 Manchester exported £2.08M and imported £9.85M, resulting in a negative trade balance of £7.78M. Between January 2020 and January 2021 the exports of Manchester have increased by $1.85M (819%) from £226k to £2.08M, while imports increased by £1.84M (23%) from £8.01M to £9.85M.
Trade: In January 2021, the top exports of Manchester were Scrap Iron (£514k), Delivery Trucks (£298k), Other Electrical Machinery (£179k), Centrifuges (£130k), and Aircraft Parts (£70.2k). In January 2021 the top imports of Manchester were Motor-working Tools (£1.24M), Iron Fasteners (£853k), Glaziers Putty (£395k), Electric Batteries (£375k), and Knit Sweaters (£241k).
Destinations: In January 2021, Manchester exported mostly to Germany (£600k), Italy (£387k), United States (£326k), China (£313k), and India (£56.9k), and imported mostly from Switzerland (£4.62M), China (£2.21M), Turkey (£1.45M), United States (£1.13M), and Cambodia (£108k).
Growth: In January 2021, the increase in Manchester's year-by-year exports was explained primarily by an increase in exports to China (£312k or 27.8k%) and United States (£191k or 143%), and product exports increase in Packaged Medicaments (£1.54k or 29.9%). In January 2021, the increase in Manchester's year-by-year imports was explained primarily by an increase in imports from Switzerland (£4.53M or 5.36k%), China (£762k or 52.7%), and United States (£109k or 10.7%), and product imports increase in Iron Fasteners (£782k or 1.1k%), Liquid Pumps (£185k or 425%), and Iron Structures (£177k or 9k%).