Overview In March 2023 United Kingdom exported £37.9B and imported £58.3B, resulting in a negative trade balance of £20.4B. Between March 2022 and March 2023 the exports of United Kingdom have increased by £3.8B (11.2%) from £34.1B to £37.9B, while imports decreased by £-3.01B (-4.91%) from £61.3B to £58.3B.
Trade In March 2023, the top exports of United Kingdom were Gold (£4.69B), Gas Turbines (£2.69B), Cars (£2.46B), Commodities not elsewhere specified (£1.55B), and Crude Petroleum (£1.43B). In March 2023 the top imports of United Kingdom were Cars (£4.12B), Petroleum Gas (£2.93B), Gold (£2.68B), Commodities not elsewhere specified (£2.3B), and Crude Petroleum (£2.22B).
Origins In March 2023 the exports of United Kingdom were mainly from London Heathrow Airport (£9.8B), Dover Eurotunnel (£5.74B), Southampton (£2.46B), Inland Clearance (£1.83B), and East Midlands Airport (£1.66B), while imports destinations were mainly Undefined (£7.29B), London Heathrow Airport (£7.16B), Dover (£4.96B), Felixstowe (£3.58B), and Immingham (£3.58B).
Destinations In March 2023, United Kingdom exported mostly to United States (£4.69B), Switzerland (£4.12B), Netherlands (£3.09B), Germany (£3.06B), and Ireland (£2.25B), and imported mostly from Germany (£7.11B), United States (£6.04B), Netherlands (£5.08B), China (£4.38B), and France (£3.54B).
Growth In March 2023, the increase in United Kingdom's year-by-year exports was explained primarily by an increase in exports to Switzerland (£2.57B or 165%), China (£829M or 66%), and United States (£441M or 10.4%), and product exports increase in Gold (£2.84B or 154%), Gas Turbines (£1.03B or 62.4%), and Cars (£454M or 22.6%). In March 2023, the decrease in United Kingdom's year-by-year imports was explained primarily by an decrease in imports from Norway (£-2.5B or -49.1%), China (£-980M or -18.3%), and Switzerland (£-807M or -46.1%), and product imports decrease in Petroleum Gas (£-2.81B or -49%), Gold (£-707M or -20.9%), and Crude Petroleum (£-610M or -21.6%).