Overview: In May 2020 United Kingdom exported £21.1B and imported £28.7B, resulting in a negative trade balance of £7.6B. Between May 2019 and May 2020 the exports of United Kingdom have decreased by £-10.4B (-33%) from £31.5B to £21.1B, while imports decreased by £-12.5B (-30.3%) from £41.2B to £28.7B.
Trade: In May 2020 the top exports of United Kingdom were Gold (£2.57B), Packaged Medicaments (£1.28B), Gas Turbines (£1.27B), Commodities not elsewhere specified (£930M), and Crude Petroleum (£658M). In May 2020 the top imports of United Kingdom were Gold (£4.09B), Telephones (£1.02B), Computers (£906M), Packaged Medicaments (£729M), and Cars (£614M).
Origins: In May 2020 the exports of United Kingdom were mainly from London Heathrow Airport (£4.87B), London Stansted Airport (£1.07B), London Gateway (£760M), Southampton (£676M), and Felixstowe (£661M), while imports destinations were mainly London Heathrow Airport (£6.79B), Felixstowe (£2.06B), Southampton (£1.18B), London Stansted Airport (£627M), and London Gateway (£439M).
Destinations: In May 2020 United Kingdom exported mostly to United States (£2.84B), Germany (£1.96B), Switzerland (£1.76B), Ireland (£1.37B), and Netherlands (£1.26B), and imported mostly from China (£3.72B), United States (£3.22B), Germany (£2.67B), Netherlands (£2.36B), and France (£1.21B).
Growth: In May 2020, the decrease in United Kingdom's year-by-year exports was explained primarily by a decrease in exports to United States (£-1.67B or -37%), Germany (£-1.12B or -36.4%), and China (£-957M or -53.8%), and product exports decrease in Cars (£-2.06B or -90.5%), Crude Petroleum (£-1.36B or -67.4%), and Refined Petroleum (£-714M or -69%). In May 2020, the decrease in United Kingdom's year-by-year imports was explained primarily by a decrease in imports from Germany (£-2.63B or -49.7%), France (£-957M or -44.1%), and World (£-887M or -54.4%), and product imports decrease in Cars (£-2.21B or -78.2%), Crude Petroleum (£-1.29B or -69%), and Refined Petroleum (£-1.11B or -81.6%).