Insights for United Kingdom

MoM insights: In the month-on-month analysis, imports from Switzerland saw a significant increase of 4.98B GBP, representing a 96.33% rise, making it the highest increase among partner countries. Hong Kong and South Africa also showed strong growth with increases of 1.72B GBP (274.69%) and 1.48B GBP (142.89%) respectively. On the lower end, imports from Germany decreased by 541.97M GBP (-8.59%), followed by China with a decrease of 304.78M GBP (-5.41%) and the Netherlands with a drop of 290.28M GBP (-7.10%). For exports, Azerbaijan led with an increase of 495.09M GBP (110.07%), followed by Singapore with 174.13M GBP (29.60%) and India with 136.22M GBP (28.46%). Conversely, exports to China fell by 1.01B GBP (-48.67%), Germany by 577.04M GBP (-19.37%), and Hong Kong by 427.16M GBP (-29.76%).

YoY insights: Year-on-year, imports from Switzerland increased by 9.27B GBP (10.70%), with Canada and Hong Kong following with increases of 2.25B GBP (1.58%) and 1.77B GBP (3.10%) respectively. On the downside, Uzbekistan saw a drastic drop of 686.39M GBP (-99.91%), Norway by 559.75M GBP (-22.12%), and Kazakhstan by 267.43M GBP (-74.73%). For exports, Azerbaijan again led with an increase of 443.42M GBP (88.42%), followed by Hong Kong with 315.36M GBP (45.50%) and Singapore with 253.69M GBP (49.87%). However, exports to Switzerland fell by 3.54B GBP (-89.25%), China by 3.07B GBP (-74.73%), and the United States by 2.06B GBP (-33.33%).