Overview: In November 2020 United Kingdom exported £28.1B and imported £48.1B, resulting in a negative trade balance of £20B. Between November 2019 and November 2020 the exports of United Kingdom have decreased by £-1.84B (-6.15%) from £29.9B to £28.1B, while imports increased by £4.28B (9.78%) from £43.8B to £48.1B.
Trade: In November 2020, the top exports of United Kingdom were Cars (£2.46B), Commodities not elsewhere specified (£1.36B), Packaged Medicaments (£1.33B), Gas Turbines (£1.21B), and Crude Petroleum (£1.1B). In November 2020 the top imports of United Kingdom were Gold (£5.75B), Cars (£2.83B), Telephones (£2.1B), Computers (£1.34B), and Gas Turbines (£1.03B).
Origins: In November 2020 the exports of United Kingdom were mainly from London Heathrow Airport (£4.32B), Southampton (£2.02B), London Gateway (£1.01B), Felixstowe (£729M), and East Midlands Airport (£525M), while imports destinations were mainly London Heathrow Airport (£9.42B), Felixstowe (£3.13B), Southampton (£2.27B), and London Gateway (£726M).
Destinations: In November 2020, United Kingdom exported mostly to United States (£4.18B), Germany (£2.9B), Ireland (£2.49B), Netherlands (£1.67B), and China (£1.46B), and imported mostly from China (£6.24B), Germany (£5.63B), United States (£4.1B), Netherlands (£3.5B), and Belgium (£2.29B).
Growth: In November 2020, the decrease in United Kingdom's year-by-year exports was explained primarily by an decrease in exports to China (£-941M or -39.2%), Switzerland (£-648M or -56.1%), and United States (£-487M or -10.4%), and product exports decrease in Gold (£-1.28B or -70.5%), Aircraft Parts (£-542M or -47.4%), and Crude Petroleum (£-419M or -27.5%). In November 2020, the increase in United Kingdom's year-by-year imports was explained primarily by an increase in imports from China (£2.24B or 56.2%), Russia (£671M or 48.3%), and Belgium (£513M or 28.9%), and product imports increase in Gold (£843M or 17.2%), Telephones (£541M or 34.7%), and Cars (£392M or 16.1%).