Insights for United Kingdom

MoM insights: In the month-on-month analysis, the total trade value for the UK saw a slight increase, with exports rising to 33.53B GBP, reflecting a growth of 1.48B GBP (approximately 4.63%). Imports also increased slightly to 64.41B GBP, with a modest rise of 431.29M GBP (0.67%). For imports by country, South Africa led with a significant increase of 1.04B GBP (103.37%), followed by Azerbaijan with 719.21M GBP (633.83%), and China with 666.51M GBP (13.05%). On the lower end, Switzerland saw a decrease of 3.41B GBP (-48.73%), the United States decreased by 524.37M GBP (-5.68%), and Norway by 244.84M GBP (-12.44%). In exports, Hong Kong experienced the highest increase of 1.07B GBP (77.15%), followed by the United Arab Emirates with 433.57M GBP (34.46%), and the United States with 424.8M GBP (11.73%). Conversely, China faced a significant drop of 1.31B GBP (-66.12%), the Netherlands decreased by 573.23M GBP (-21.67%), and Switzerland by 335.47M GBP (-32.22%). Geographically, Dover led imports with an increase of 612.6M GBP (12.73%), while London Heathrow saw a decrease of 1.97B GBP (-9.65%). In exports, Immingham had the highest increase of 324.89M GBP (18.97%), while Harwich International faced a drop of 617.78M GBP (-50.08%). In terms of product categories, imports of Cars rose by 977.95M GBP (29.91%), while Gold saw a decrease of 1.57B GBP (-11.54%). Exports of Silver increased by 1.37B GBP (56.13%), while Gold exports dropped by 1.32B GBP (-78.46%).

YoY insights: In the year-on-year analysis, total imports increased significantly to 64.41B GBP, reflecting a growth of 8.75B GBP (15.73%). However, total exports decreased to 33.53B GBP, with a decline of 7.06B GBP (-17.39%). For imports by country, Canada saw the highest increase of 1.96B GBP (143.40%), followed by the United States with 1.83B GBP (26.64%), and South Africa with 1.57B GBP (337.67%). On the downside, Uzbekistan faced a drastic drop of 1.49B GBP (-100%), Norway decreased by 743.39M GBP (-30.24%), and Kuwait by 190.25M GBP (-52.92%). In exports, Hong Kong led with an increase of 1.68B GBP (220.62%), followed by the United Arab Emirates with 1.16B GBP (220.72%), and India with 1.1B GBP (260.20%). Conversely, the United States saw a significant drop of 4.66B GBP (-53.47%), China by 4B GBP (-85.55%), and Switzerland by 3.09B GBP (-81.73%). Geographically, London Heathrow had the highest increase in imports of 7.21B GBP (64.38%), while Not Collected saw a decrease of 2.39B GBP (-76.88%). In exports, Dover/Eurotunnel increased by 560.18M GBP (11.83%), while London Heathrow faced a drop of 7.61B GBP (-45.61%). In terms of product categories, imports of Gold increased by 4.31B GBP (56.06%), while Petroleum Gas saw a decrease of 838.09M GBP (-34.08%). Exports of Silver increased by 2.47B GBP (182.36%), while Gold exports dropped by 10.57B GBP (-96.69%).