Trade Trend

In 2023, United Kingdom's total export value is 521.13Billion USD, total import value is 791.63Billion USD, Deficit is -270.50Billion USD, and foreign trade dependency is 0.393. In 2023，United Kingdom's top export products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(65.08Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(36.95Billion USD), Turbojets, turbopropellers and other gas turbines(36.31Billion USD), top export destinations are United States(71.24Billion USD), Germany(39.86Billion USD), Netherlands(37.27Billion USD). In 2023, United Kingdom's top import products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(56.49Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(48.23Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(32.44Billion USD), top import origins are China(99.02Billion USD), United States(94.15Billion USD), Germany(74.42Billion USD).

Comparing to 2022, United Kingdom's total export value decreased -11.76Billion USD(-2.21%) in 2023, this could result from its export decreases of products such as Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(-5.75Billion USD or -8.12%), Petroleum gases and other gaseous hydrocarbons(-5.74Billion USD or -55.14%), Silver (including silver plated with gold or platinum); unwrought or in semimanufactured forms, or in powder form(-5.30Billion USD or -65.54%) and export decreases to countries/economics such as Netherlands(-7.44Billion USD or -16.64%), Hong Kong CN(-7.21Billion USD or -30.95%), United Arab Emirates(-2.87Billion USD or -23.84%). Comparing to 2022, United Kingdom's total import value decreased -31.97Billion USD(-3.88%) in 2023, this could result from its import decreases of products such as Petroleum gases and other gaseous hydrocarbons(-34.63Billion USD or -57.47%), Petroleum oils and oils obtained from bituminous minerals; crude(-7.09Billion USD or -17.94%), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(-3.66Billion USD or -18.40%), and its import decreases from countries/economies such as Norway(-21.76Billion USD or -40.31%), China(-11.23Billion USD or -10.18%), Russia(-7.00Billion USD or -95.26%).

Cumulated to first 7 months of 2024, United Kingdom's total export value is 184.29Billion USD, total import value is 276.38Billion USD, and tradedeficit is -92.09Billion USD. Cumulated to first 7 months of 2024, United Kingdom's top export products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(23.39Billion USD), Turbojets, turbopropellers and other gas turbines(13.87Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(13.67Billion USD), and top export destinations are United States(28.00Billion USD), China(15.74Billion USD), Switzerland(13.29Billion USD). Cumulated to first 7 months of 2024, United Kingdom's top import products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(23.39Billion USD), Turbojets, turbopropellers and other gas turbines(13.87Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(13.67Billion USD), and top import origins areUnited States(36.51Billion USD), China(35.29Billion USD), Germany(24.92Billion USD).