1.  Overview the trade of UNITED KINGDOM in goods current year until 202312

According to Dalian Infobank, in 202312, UNITED KINGDOM's exports and imports of goods amounted to 100374.0748 million, and were down 15.99% comparing with the same period of last year. Among these, exports were down 25.74% at 36701.7950 million, and imports were down 9.10% at 63672.2798 million. And the corresponding trade deficit was 26970.4848 million and up 30.77%.

During the current year until 202312, UNITED KINGDOM's total exports and imports of goods were 1312164.6619 million and were down 3.27% comparing to the same period of last year. Among these, exports were 520784.9151 million and down 2.27%; imports were 791379.7468 million and down 3.91%. The total trade deficit was 270594.8317 million and down 6.92%.

If considering by country (region), UNITED STATES, CHINA, GERMANY, FRANCE, NETHERLANDS were UNITED KINGDOM's top five trading partners. During the current year until 202312, UNITED KINGDOM's imports and exports to five countries/territories were 165334.1208 million, 132988.8164 million, 114225.4659 million, 69840.8146 million, 64325.1584 million. These values correspond to 12.60%, 10.14%, 8.71%, 5.32%, 4.90% of UNITED KINGDOM's imports and exports, and, respectively, were up 2.70%, down 8.04%, up 1.32%, up 6.62%, down 12.61% comparing to the same period of last year.

Current year until 202312, 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 202312, UNITED KINGDOM's exports to these five countries/territories were 71188.7406 million, 39821.3314 million, 37205.2050 million, 35398.3938 million, 34151.1369 million. These values correspond to 13.67%, 7.65%, 7.14%, 6.80%, 6.56% of UNITED KINGDOM's exports and, respectively, were up 11.81%, down 4.67%, down 16.79%, up 2.94%, down 7.13% comparing with the same period of last year.

Current year until 202312, UNITED KINGDOM's exports to top five countries/territories CHINA, UNITED STATES, GERMANY, FRANCE, NORWAY are the top five countries/territories that UNITED KINGDOM imports from in terms of the total export amount. During the current year until 202312, UNITED KINGDOM's imports from these five countries/territories were 99006.0019 million, 94145.3802 million, 74404.1346 million, 40516.8923 million, 32167.8524 million. These values correspond to 12.51%, 11.90%, 9.40%, 5.12%, 4.06% of UNITED KINGDOM's total imports and, respectively, were down 10.20%, down 3.27%, up 4.85%, up 16.73%, down 40.41% comparing with the same period of last year.

During the current year until 202312, the trade surplus of UNITED KINGDOM was mainly from SWITZERLAND, HONG KONG CN, IRELAND, NETHERLANDS, UNITED ARAB EMIRATES at 21818.8358 million, 13918.2081 million, 13516.9711 million, 10085.2516 million, 6142.7677 million, and up 8.63%, down 33.25%, down 25.45%, down 36.23%, down 22.72%. And the trade deficits were mainly from CHINA, GERMANY, NORWAY, UNITED STATES, ITALY at 65023.1875 million, 34582.8032 million, 28175.5637 million, 22956.6396 million, 18075.5181 million, and down 14.30%, up 18.47%, down 43.33%, down 31.79%, down 4.93%.

Current year until 202312, UNITED KINGDOM's trade surplus or deficit with top five countries/territories During the current year until 202312,  commodities with hs2 codes, 84, 71, 87, 27, 85, were UNITED KINGDOM's top five traded commodities. They correspond to the import and export values of 183852.4605 million, 144033.6731 million, 140058.2867 million, 134056.5486 million, 102435.4868 million, which were up 9.49%, down 8.11%, up 22.39%, down 32.54%, up 3.21% comparing with the same period of last year and account for 14.01%, 10.98%, 10.67%, 10.22%, 7.81% of UNITED KINGDOM's total imports and exports.

During the current year until 202312, 84, 71, 87, 27, 85 were UNITED KINGDOM's top five traded commodities, with total import and export values of 86601.6337 million, 80657.2174 million, 50029.5901 million, 41931.2104 million, 28479.6013 million. These values correspond to 16.63%, 15.49%, 9.61%, 8.05%, 5.47% of UNITED KINGDOM's total exports and, respectively, were up 15.37%, down 16.15%, up 23.09%, down 31.07%, up 3.87% comparing to the same period of last year.

During the current year until 202312, 84, 27, 87, 85, 71 were UNITED KINGDOM's top five traded commodities, with total import values of 97250.8268 million, 92125.3382 million, 90028.6966 million, 73955.8855 million, 63376.4557 million. These values correspond to 12.29%, 11.64%, 11.38%, 9.35%, 8.01% of UNITED KINGDOM's total exports and, respectively, were up 4.74%, down 33.19%, up 22.01%, up 2.95%, up 4.66% comparing to the same period of last year.

2. Current year until 202312, UNITED KINGDOM binational trade profile

According to Dalian Infobank, during the current year until 202312, UNITED KINGDOM-China binational exports and imports of goods amounted to 132988.8164 million and were down 8.04% comparing with the same period of last year. Among these, exports from UNITED KINGDOM to China were 33982.8144 million and down 1.15%, imports from China to UNITED KINGDOM were 99006.0019 million and down 10.20%. The total binational trade deficit was 65023.1875 million and down 14.30%.

During the urrent year until 202312, commodities with hs2 code, 85, 84, 71, 87, 95, were binational trade's top five traded commodities. They correspond to import and export values of 27830.8567 million, 19453.5665 million, 19393.4334 million, 12403.8704 million, 5095.7203 million and makes up 20.93%, 14.63%, 14.58%, 9.33%, 3.83% of the total binational imports and exports. These values were also down 5.94%, down 13.32%, up 8.04%, up 13.58%, down 7.90% comparing to the same period last year.

During the current year until 202312, 71, 87, 84, 30, 90 were the top five traded commodities exported to China from UNITED KINGDOM, with export values of 17812.2529 million, 4649.8875 million, 2718.7271 million, 1210.2045 million, 1093.1327 million. These values account for 52.42%, 13.68%, 8.00%, 3.56%, 3.22% of UNITED KINGDOM's total exports and were up 1.87%, up 4.88%, up 2.51%, down 18.87%, down 3.94% comparing to the same period of last year.

During the current year until 202312, 85, 84, 87, 95, 94 were UNITED KINGDOM's top five traded commodities importing from China , with import values of 26979.7957 million, 16734.8394 million, 7753.9829 million, 5076.1483 million, 4854.7804 million. These values account for 27.25%, 16.90%, 7.83%, 5.13%, 4.90% of UNITED KINGDOM's total imports and were down 5.86%, down 15.44%, up 19.52%, down 7.93%, down 22.70% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: HM Revenue & Customs