Overview: In January 2021 Southampton exported £1.65B and imported £2.19B, resulting in a negative trade balance of £537M. Between January 2020 and January 2021 the exports of Southampton have decreased by $-73.9k (-0.0045%) from £1.65B to £1.65B, while imports decreased by £-253M (-10.4%) from £2.44B to £2.19B.
Trade: In January 2021, the top exports of Southampton were Cars (£845M), Refined Petroleum (£63.8M), Precious Metal Scraps (£56.7M), Delivery Trucks (£27.3M), and Recreational Boats (£23.3M). In January 2021 the top imports of Southampton were Silver (£264M), Crude Petroleum (£167M), Delivery Trucks (£95.6M), Other Furniture (£64.8M), and Vehicle Parts (£48.8M).
Destinations: In January 2021, Southampton exported mostly to United States (£621M), China (£282M), Japan (£87.5M), Australia (£74.6M), and Canada (£52.7M), and imported mostly from China (£1B), United States (£196M), Japan (£165M), Vietnam (£83.2M), and Hong Kong (£60.2M).
Growth: In January 2021, the decrease in Southampton's year-by-year exports was explained primarily by an decrease in exports to United States (£-79.4M or -11.3%), Canada (£-35M or -39.9%), and Senegal (£-16.3M or -99.9%), and product exports decrease in Cars (£-69.8M or -7.63%), Nitrogen Heterocyclic Compounds (£-6.86M or -33.3%), and Insulated Wire (£-5M or -69%). In January 2021, the decrease in Southampton's year-by-year imports was explained primarily by an decrease in imports from United States (£-189M or -49.1%), World (£-48.4M or -48.3%), and South Korea (£-42.2M or -43.1%), and product imports decrease in Crude Petroleum (£-188M or -52.8%), Refined Petroleum (£-35.5M or -65.1%), and Cars (£-23.1M or -82.2%).