1.  Overview the trade of UNITED KINGDOM in goods current year until 202304

According to Dalian Infobank, in 202304, UNITED KINGDOM's exports and imports of goods amounted to 102464.2827 million, and were down 5.18% comparing with the same period of last year. Among these, exports were up 1.01% at 39807.0449 million, and imports were down 8.73% at 62657.2378 million. And the corresponding trade deficit was 22850.1929 million and down 21.85%.

During the current year until 202304, UNITED KINGDOM's total exports and imports of goods were 427549.9185 million and were down 4.57% comparing to the same period of last year. Among these, exports were 164307.3735 million and up 2.62%; imports were 263242.5449 million and down 8.57%. The total trade deficit was 98935.1714 million and down 22.59%.

If considering by country (region), UNITED STATES, CHINA, GERMANY, NETHERLANDS, FRANCE were UNITED KINGDOM's top five trading partners. During the current year until 202304, UNITED KINGDOM's imports and exports to five countries/territories were 58381.5707 million, 39638.5880 million, 37256.0934 million, 22273.1376 million, 22245.4341 million. These values correspond to 13.65%, 9.27%, 8.71%, 5.21%, 5.20% of UNITED KINGDOM's imports and exports, and, respectively, were up 9.57%, down 9.11%, down 8.56%, down 8.63%, up 6.49% comparing to the same period of last year.

Current year until 202304, UNITED KINGDOM and the top five trade partners UNITED STATES, GERMANY, NETHERLANDS, SWITZERLAND, IRELAND are the top five countries/territories that UNITED KINGDOM exports to in terms of the total export amount. During the current year until 202304, UNITED KINGDOM's exports to these five countries/territories were 22287.6982 million, 13842.7011 million, 13665.2852 million, 12087.0020 million, 11127.1532 million. These values correspond to 13.56%, 8.42%, 8.32%, 7.36%, 6.77% of UNITED KINGDOM's exports and, respectively, were up 12.82%, down 6.44%, down 5.51%, up 43.26%, down 6.78% comparing with the same period of last year.

Current year until 202304, 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 202304, UNITED KINGDOM's imports from these five countries/territories were 36093.8724 million, 31947.1349 million, 23413.3923 million, 13458.4727 million, 12494.5631 million. These values correspond to 13.71%, 12.14%, 8.89%, 5.11%, 4.75% of UNITED KINGDOM's total imports and, respectively, were up 7.66%, down 15.49%, down 9.78%, down 33.93%, up 8.23% comparing with the same period of last year.

During the current year until 202304, the trade surplus of UNITED KINGDOM was mainly from SWITZERLAND, NETHERLANDS, IRELAND, HONG KONG CN, UNITED ARAB EMIRATES at 8267.7209 million, 5057.4327 million, 4365.2571 million, 3659.4531 million, 1700.5815 million, and up 184.48%, up 11.25%, down 21.07%, up 38.41%, up 70.44%. And the trade deficits were mainly from CHINA, UNITED STATES, NORWAY, GERMANY, ITALY at 24255.6817 million, 13806.1742 million, 12151.9363 million, 9570.6911 million, 5659.4958 million, and down 24.19%, up 0.26%, down 36.27%, down 14.20%, down 13.48%.

Current year until 202304, UNITED KINGDOM's trade surplus or deficit with top five countries/territories During the current year until 202304,  commodities with hs2 codes, 84, 27, 87, 71, 85, were UNITED KINGDOM's top five traded commodities. They correspond to the import and export values of 59468.0247 million, 53839.9863 million, 43216.1986 million, 39626.2576 million, 32954.5354 million, which were up 7.74%, down 21.28%, up 4.96%, up 0.76%, up 1.63% comparing with the same period of last year and account for 13.91%, 12.59%, 10.11%, 9.27%, 7.71% of UNITED KINGDOM's total imports and exports.

During the current year until 202304, 84, 71, 27, 87, 85 were UNITED KINGDOM's top five traded commodities, with total import and export values of 27479.9717 million, 21422.9203 million, 15439.7439 million, 15278.0552 million, 9074.8195 million. These values correspond to 16.72%, 13.04%, 9.40%, 9.30%, 5.52% of UNITED KINGDOM's total exports and, respectively, were up 14.88%, up 15.14%, down 15.83%, up 19.80%, up 2.82% comparing to the same period of last year.

During the current year until 202304, 27, 84, 87, 85, 71 were UNITED KINGDOM's top five traded commodities, with total import values of 38400.2425 million, 31988.0530 million, 27938.1434 million, 23879.7158 million, 18203.3374 million. These values correspond to 14.59%, 12.15%, 10.61%, 9.07%, 6.92% of UNITED KINGDOM's total exports and, respectively, were down 23.28%, up 2.27%, down 1.70%, up 1.19%, down 12.14% comparing to the same period of last year.

2. Current year until 202304, UNITED KINGDOM binational trade profile

According to Dalian Infobank, during the current year until 202304, UNITED KINGDOM-China binational exports and imports of goods amounted to 39638.5880 million and were down 9.11% comparing with the same period of last year. Among these, exports from UNITED KINGDOM to China were 7691.4531 million and up 32.44%, imports from China to UNITED KINGDOM were 31947.1349 million and down 15.49%. The total binational trade deficit was 24255.6817 million and down 24.19%.

During the urrent year until 202304, commodities with hs2 code, 85, 84, 87, 71, 94, were binational trade's top five traded commodities. They correspond to import and export values of 9046.8514 million, 6361.4051 million, 3944.2051 million, 3070.0821 million, 1614.4530 million and makes up 22.82%, 16.05%, 9.95%, 7.75%, 4.07% of the total binational imports and exports. These values were also down 2.44%, down 20.63%, up 19.81%, up 450.90%, down 38.57% comparing to the same period last year.

During the current year until 202304, 71, 87, 84, 30, 90 were the top five traded commodities exported to China from UNITED KINGDOM, with export values of 2818.2864 million, 1524.1938 million, 801.8187 million, 390.9377 million, 349.6795 million. These values account for 36.64%, 19.82%, 10.42%, 5.08%, 4.55% of UNITED KINGDOM's total exports and were up 604.89%, up 6.57%, up 0.28%, down 4.15%, down 6.16% comparing to the same period of last year.

During the current year until 202304, 85, 84, 87, 94, 95 were UNITED KINGDOM's top five traded commodities importing from China , with import values of 8775.7073 million, 5559.5865 million, 2420.0114 million, 1589.9188 million, 1573.1714 million. These values account for 27.47%, 17.40%, 7.58%, 4.98%, 4.92% of UNITED KINGDOM's total imports and were down 1.58%, down 22.95%, up 29.99%, down 38.97%, up 5.63% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: HM Revenue & Customs