Overview In January 2023 Portsmouth exported £295M and imported £275M, resulting in a positive trade balance of £19.8M. Between January 2022 and January 2023 the exports of Portsmouth have increased by $64.2M (27.8%) from £231M to £295M, while imports increased by £26.3M (10.6%) from £249M to £275M.
Trade In January 2023, the top exports of Portsmouth were Gas Turbines (£203M), Parts of aircraft and spacecraft of... (£19.1M), Commodities not elsewhere specified (£6.24M), Trailers and semi-trailers, not mechanically propelled... (£3.68M), and Cars (£3.47M). In January 2023 the top imports of Portsmouth were Gas Turbines (£20.4M), Fork-Lifts (£15.2M), Vehicle Bodies (including cabs) for the... (£11M), Bananas (£10.9M), and Other Vegetables (£10.5M).
Destinations In January 2023, Portsmouth exported mostly to France (£210M), Spain (£49.7M), Portugal (£17.1M), Barbados (£5.64M), and Special Categories (£4.99M), and imported mostly from France (£130M), Spain (£108M), Portugal (£8.82M), Colombia (£4.25M), and Senegal (£3.5M).
Growth In January 2023, the increase in Portsmouth's year-by-year exports was explained primarily by an increase in exports to France (£147M or 1.28k%), Spain (£51.3M or 1.37k%), and Belgium (£2.84M or 1.61k%), and product exports increase in Gas Turbines (£116M or 274k%), Crustaceans (£4.72M or 515%), and Non-fillet Fresh Fish (£4.29M or 1.1k%). In January 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%).