Insights for United Kingdom

MoM insights: In the month-on-month analysis, imports from Switzerland saw the highest increase with a trade value of 5.16B GBP, reflecting a significant rise of 2.69B GBP (approximately 108.43%). Australia followed with an increase of 354.01M GBP (45.57%), while Canada experienced a modest rise of 289.07M GBP (9.37%). On the downside, imports from the United States dropped by 1.41B GBP (-17.45%), Germany decreased by 645.92M GBP (-9.29%), and China saw a decline of 490.74M GBP (-8.00%). For exports, Hong Kong led with an increase of 537.35M GBP (59.82%), followed by an unknown category with 135.2M GBP (17.39%), and South Korea with 118.21M GBP (48.00%). Conversely, Qatar faced a significant drop of 1.58B GBP (-82.39%), Switzerland decreased by 1.49B GBP (-76.32%), and India saw a decline of 613.51M GBP (-56.96%). Overall, total imports decreased by 395M GBP (-0.61%) while exports fell by 4.02B GBP (-10.76%).

YoY insights: In the year-on-year analysis, imports from Switzerland again topped the list with a trade value of 5.16B GBP, marking an increase of 3.92B GBP (426.67%). The United States followed with a rise of 2.07B GBP (45.00%), and Canada increased by 1.81B GBP (116.67%). On the lower end, Kazakhstan saw a drastic decline of 1.94B GBP (-96.67%), China decreased by 785.92M GBP (-12.24%), and Norway fell by 767.6M GBP (-29.96%). For exports, Hong Kong led with an increase of 627.14M GBP (77.57%), Saudi Arabia followed with 214.29M GBP (56.42%), and Poland increased by 172.59M GBP (37.93%). On the downside, Switzerland faced a significant drop of 4.17B GBP (-90.01%), China decreased by 2.12B GBP (-50.00%), and the United States saw a decline of 1.21B GBP (-23.19%). Overall, total imports increased by 5.15B GBP (8.75%) while exports decreased by 5.48B GBP (-14.12%).