Overview In July 2022 United Kingdom exported £37B and imported £55.7B, resulting in a negative trade balance of £18.7B. Between July 2021 and July 2022 the exports of United Kingdom have increased by £9.97B (36.8%) from £27.1B to £37B, while imports increased by £13.4B (31.7%) from £42.3B to £55.7B.
Trade In July 2022, the top exports of United Kingdom were Gold (£4.67B), Cars (£2.07B), Gas Turbines (£1.92B), Packaged Medicaments (£1.57B), and Refined Petroleum (£1.53B). In July 2022 the top imports of United Kingdom were Gold (£5.58B), Refined Petroleum (£2.69B), Petroleum Gas (£2.69B), Crude Petroleum (£2.67B), and Cars (£2.29B).
Origins In July 2022 the exports of United Kingdom were mainly from London Heathrow Airport (£9.54B), Dover Eurotunnel (£4.68B), Southampton (£2.8B), East Midlands Airport (£1.38B), and London Gateway (£1.19B), while imports destinations were mainly London Heathrow Airport (£8.91B), Dover Eurotunnel (£4.38B), Felixstowe (£3.86B), Dover (£3.66B), and Immingham (£3.07B).
Destinations In July 2022, United Kingdom exported mostly to United States (£4.01B), Netherlands (£3.25B), Germany (£2.69B), Ireland (£2.66B), and France (£2.35B), and imported mostly from Germany (£5.68B), Netherlands (£4.71B), United States (£4.35B), China (£4.28B), and Norway (£3.92B).
Growth In July 2022, the increase in United Kingdom's year-by-year exports was explained primarily by an increase in exports to Switzerland (£619M or 95.6%), World (£420M or 50.2%), and Saudi Arabia (£80.1M or 31.2%), and product exports increase in Commodities not elsewhere specified (£542M or 47.7%), Platinum (£271M or 39.1%), and Gold (£144M or 14.6%). In July 2022, the increase in United Kingdom's year-by-year imports was explained primarily by an increase in imports from China (£633M or 15.3%), Australia (£456M or 306%), and World (£266M or 17.6%), and product imports increase in Petroleum Gas (£626M or 83%), Laboratory Reagents (£422M or 483%), and Silver (£382M or 327%).