Overview In March 2023 Portsmouth exported £104M and imported £358M, resulting in a negative trade balance of £254M. Between March 2022 and March 2023 the exports of Portsmouth have decreased by $-146M (-58.4%) from £249M to £104M, while imports increased by £78.2M (28%) from £280M to £358M.
Trade In March 2023, the top exports of Portsmouth were Parts of aircraft and spacecraft of... (£14.4M), Gas Turbines (£13.5M), Wine (£3.83M), Other Engines (£3.15M), and Barley (£3.07M). In March 2023 the top imports of Portsmouth were Commodities not elsewhere specified (£60.5M), Fork-Lifts (£15.3M), Other Vegetables (£13.9M), Sausages (£12.4M), and Cabbages (£12.2M).
Destinations In March 2023, Portsmouth exported mostly to France (£45.5M), Spain (£35.6M), Barbados (£4.86M), Denmark (£3.64M), and Saint Lucia (£2.25M), and imported mostly from Spain (£177M), France (£143M), Portugal (£9.87M), Senegal (£4.92M), and Morocco (£3.58M).
Growth In March 2023, the decrease in Portsmouth's year-by-year exports was explained primarily by an decrease in exports to Italy (£-681k or -67.1%), Germany (£-459k or -69.4%), and Ghana (£-272k or -41%), and product exports decrease in Large Iron Containers (£-563k or -87.6%), Tropical Fruits (£-366k or -97.4%), and Navigation Equipment (£-307k or -98.7%). In March 2023, the increase in Portsmouth's year-by-year imports was explained primarily by an increase in imports from Cameroon (£1.32M or 104%), Senegal (£1.12M or 31.3%), and Morocco (£931k or 56.3%), and product imports increase in Other Vegetables (£7.15M or 328%), Cabbages (£6.57M or 45.9k%), and Wine (£5.16M or 221k%).