1.  Overview the trade of UNITED KINGDOM in goods current year until 202301

According to Dalian Infobank, in 202301, UNITED KINGDOM's exports and imports of goods amounted to 103388.9527 million, and were down 1.69% comparing with the same period of last year. Among these, exports were up 3.31% at 36753.6425 million, and imports were down 4.24% at 66635.3102 million. And the corresponding trade deficit was 29881.6677 million and down 12.15%.

During the current year until 202301, UNITED KINGDOM's total exports and imports of goods were 103388.9527 million and were down 1.69% comparing to the same period of last year. Among these, exports were 36753.6425 million and up 3.31%; imports were 66635.3102 million and down 4.24%. The total trade deficit was 29881.6677 million and down 12.15%.

If considering by country (region), UNITED STATES, CHINA, GERMANY, FRANCE, NETHERLANDS were UNITED KINGDOM's top five trading partners. During the current year until 202301, UNITED KINGDOM's imports and exports to five countries/territories were 16063.8443 million, 10342.5580 million, 8182.2380 million, 5416.0296 million, 5336.7305 million. These values correspond to 15.54%, 10.00%, 7.91%, 5.24%, 5.16% of UNITED KINGDOM's imports and exports, and, respectively, were up 25.51%, down 16.04%, up 0.41%, up 26.59%, down 9.11% comparing to the same period of last year.

Current year until 202301, UNITED KINGDOM and the top five trade partners UNITED STATES, NETHERLANDS, GERMANY, IRELAND, FRANCE are the top five countries/territories that UNITED KINGDOM exports to in terms of the total export amount. During the current year until 202301, UNITED KINGDOM's exports to these five countries/territories were 4906.6621 million, 3248.6560 million, 3079.0631 million, 2789.1624 million, 2612.3168 million. These values correspond to 13.35%, 8.84%, 8.38%, 7.59%, 7.11% of UNITED KINGDOM's exports and, respectively, were up 12.96%, down 4.65%, up 17.85%, up 18.17%, up 56.61% comparing with the same period of last year.

Current year until 202301, UNITED KINGDOM's exports to top five countries/territories UNITED STATES, CHINA, GERMANY, NORWAY, FRANCE are the top five countries/territories that UNITED KINGDOM imports from in terms of the total export amount. During the current year until 202301, UNITED KINGDOM's imports from these five countries/territories were 11157.1823 million, 8715.4162 million, 5103.1749 million, 4262.0831 million, 2803.7128 million. These values correspond to 16.74%, 13.08%, 7.66%, 6.40%, 4.21% of UNITED KINGDOM's total imports and, respectively, were up 31.95%, down 20.35%, down 7.82%, down 13.53%, up 7.40% comparing with the same period of last year.

During the current year until 202301, the trade surplus of UNITED KINGDOM was mainly from IRELAND, NETHERLANDS, HONG KONG CN, SINGAPORE, UNITED ARAB EMIRATES at 1232.7587 million, 1160.5815 million, 976.5842 million, 326.9103 million, 323.4659 million, and up 7.74%, up 23.07%, up 190.39%, down 41.69%, up 23.31%. And the trade deficits were mainly from CHINA, UNITED STATES, NORWAY, GERMANY, ITALY at 7088.2743 million, 6250.5202 million, 3983.3204 million, 2024.1118 million, 1130.6959 million, and down 25.90%, up 52.02%, down 14.32%, down 30.76%, down 26.87%.

Current year until 202301, UNITED KINGDOM's trade surplus or deficit with top five countries/territories During the current year until 202301,  commodities with hs2 codes, 27, 84, 87, 85, 71, were UNITED KINGDOM's top five traded commodities. They correspond to the import and export values of 16260.0210 million, 13753.6740 million, 9328.3908 million, 8455.2361 million, 6778.3699 million, which were down 6.86%, up 4.53%, up 12.85%, up 8.09%, down 30.41% comparing with the same period of last year and account for 15.73%, 13.30%, 9.02%, 8.18%, 6.56% of UNITED KINGDOM's total imports and exports.

During the current year until 202301, 84, 27, 87, 71, 30 were UNITED KINGDOM's top five traded commodities, with total import and export values of 6188.2448 million, 3955.4402 million, 3436.8531 million, 3374.2798 million, 2247.8153 million. These values correspond to 16.84%, 10.76%, 9.35%, 9.18%, 6.12% of UNITED KINGDOM's total exports and, respectively, were up 17.10%, down 9.57%, up 29.52%, down 37.84%, up 41.49% comparing to the same period of last year.

During the current year until 202301, 27, 84, 85, 87, 71 were UNITED KINGDOM's top five traded commodities, with total import values of 12304.5809 million, 7565.4292 million, 6366.8578 million, 5891.5377 million, 3404.0901 million. These values correspond to 18.47%, 11.35%, 9.55%, 8.84%, 5.11% of UNITED KINGDOM's total exports and, respectively, were down 5.95%, down 3.91%, up 6.25%, up 4.97%, down 21.06% comparing to the same period of last year.

2. Current year until 202301, UNITED KINGDOM binational trade profile

According to Dalian Infobank, during the current year until 202301, UNITED KINGDOM-China binational exports and imports of goods amounted to 10342.5580 million and were down 16.04% comparing with the same period of last year. Among these, exports from UNITED KINGDOM to China were 1627.1419 million and up 18.22%, imports from China to UNITED KINGDOM were 8715.4162 million and down 20.35%. The total binational trade deficit was 7088.2743 million and down 25.90%.

During the urrent year until 202301, commodities with hs2 code, 85, 84, 87, 71, 95, were binational trade's top five traded commodities. They correspond to import and export values of 2779.9839 million, 1546.2288 million, 752.0399 million, 641.3786 million, 552.3417 million and makes up 26.88%, 14.95%, 7.27%, 6.20%, 5.34% of the total binational imports and exports. These values were also up 3.87%, down 29.32%, up 32.72%, up 292.13%, up 26.42% comparing to the same period last year.

During the current year until 202301, 71, 87, 84, 90, 85 were the top five traded commodities exported to China from UNITED KINGDOM, with export values of 599.4374 million, 368.8027 million, 129.2500 million, 61.5266 million, 54.5385 million. These values account for 36.84%, 22.67%, 7.94%, 3.78%, 3.35% of UNITED KINGDOM's total exports and were up 437.76%, up 33.76%, down 32.34%, down 31.86%, down 40.78% comparing to the same period of last year.

During the current year until 202301, 85, 84, 95, 94, 87 were UNITED KINGDOM's top five traded commodities importing from China , with import values of 2725.4454 million, 1416.9789 million, 550.8016 million, 403.6660 million, 383.2372 million. These values account for 31.27%, 16.26%, 6.32%, 4.63%, 4.40% of UNITED KINGDOM's total imports and were up 5.46%, down 29.03%, up 26.38%, down 45.89%, up 31.74% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: HM Revenue & Customs