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2022
Exports $29.4BWorld Rnk 8 / 210
Flag Rnk 2 / 1216
2022
Destination $383M United States
2021 - 2022
FASTEST GROWING MARKET $383MUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Cars0.9Rnk 207 / 1025
2022
Imports $40.3BWorld Rnk 4 / 224
Flag Rnk 2 / 1214
2022
Origin $2.16B Germany
2021 - 2022
FASTEST GROWING ORIGIN $2.16BChina
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $29.4B in Cars, making it the 8th largest exporter of Cars in the world. At the same year, Cars was the 2nd most exported product in United Kingdom. The main destination of Cars exports from United Kingdom are: United States ($6.77B), China ($4.09B), Germany ($2.59B), France ($1.56B), and Belgium ($1.43B).

The fastest growing export markets for Cars of United Kingdom between 2021 and 2022 were United Arab Emirates ($383M), South Korea ($199M), and France ($189M).

Imports In 2022, United Kingdom imported $40.3B in Cars, becoming the 4th largest importer of Cars in the world. At the same year, Cars was the 2nd most imported product in United Kingdom. United Kingdom imports Cars primarily from: Germany ($12.3B), China ($4.24B), Spain ($3.44B), Czechia ($2.27B), and South Korea ($2.25B).

The fastest growing import markets in Cars for United Kingdom between 2021 and 2022 were China ($2.16B), Germany ($1.08B), and Mexico ($743M).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (42), Cummins (28), and Amazon (3) were at the forefront of shipping Cars from United Kingdom to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Cars exports accounted up to £2.17B and imports accounted up to £3.81B, resulting in a negative trade balance of £1.64B. Between September 2023 and September 2024 the exports of United Kingdom's   Cars have decreased by £-313M (-12.6%) from £2.48B to £2.17B, while imports increased by £357M (10.3%) from £3.45B to £3.81B.

Destinations In September 2024, Cars were exported mostly to United States (£709M), China (£238M), Germany (£136M), France (£132M), and Belgium (£106M), and were imported mostly from Germany (£1.69B), Belgium (£361M), China (£294M), Spain (£220M), and Japan (£198M).

Growth In September 2024, the decrease in Cars's year-by-year exports was explained primarily by a decrease in exports to Sweden (£-16M or -56.6%), Spain (£-14M or -23.2%), and Greece (£-5.65M or -62.7%). In September 2024, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from China (£150M or 596%), Germany (£87.5M or 7.57%), and Japan (£82.1M or 73.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£-313M(-12.6%)
IMPORT GROWTH (September 2023 - September 2024)£357M(10.3%)
MAIN EXPORTER (September 2024)Southampton£1.31B
MAIN DESTINATION (September 2024)United States£709M

This section shows Cars's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Cars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$29.4B
IMPORTS (2022)$40.3B
NET TRADE (2022)-$10.8B

In 2022, United Kingdom exported $29.4B in Cars. The main destinations of United Kingdom exports on Cars were United States ($6.77B), China ($4.09B), Germany ($2.59B), France ($1.56B), and Belgium ($1.43B).

In 2022, United Kingdom imported $40.3B in Cars, mainly from Germany ($12.3B), China ($4.24B), Spain ($3.44B), Czechia ($2.27B), and South Korea ($2.25B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United Arab Emirates$383M (95.6%)
South Korea$199M (44.9%)
France$189M (13.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY United Kingdom WERE (2021 - 2022):
China-$476M (-10.4%)
Russia-$421M (-89%)
Belgium-$335M (-19%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Cars were:
Germany $149B
Japan $89B
United States $57.5B
In 2022, United Kingdom's main importing competitors in Cars were:
United States $159B
Germany $67.7B
China $45.8B

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.39B
TOP IMPORT POTENTIALGermany+ $1.33B

Cars’s highest export potential is United States. With an export gap of $1.39B.   Cars’s highest import potential is Germany with an import gap of $1.33B.

See methodology.

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