• Analysis and Studies
• United Kingdom: a look at the market

The United Kingdom is a country placed in Northwestern Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. It includes the island of Great Britain, the north-eastern part of island of Ireland and the most of the smaller islands within the British Isles.

Concerning economy, the UK became first industrialised country and was the world’s foremost power for the majority of the 19^th and early 20^th centuries, during the “Pax Britannica” between 1815 and 1914.

Moreover, it has the world’s sixth-largest economy by nominal GDP and the ninth-largest by purchasing power parity (PPP). The UK has been a permanent member of the UN Security Council since its first session in 1946. It’s a member of the Commonwealth of Nations, the Council of Europe, the G7, the OECD, NATO, the Five Eyes, AUKUS (trilateral security parternship for the Indo-Pacific region between Australia, the UK and US), and the CPTPP (Comprenhensive and Progressive Agreement for Trans-Pacific Partnership).

OVERVIEW

In September 2023 United Kingdom exported £35.4B and imported £48.8B, resulting in a negative trade balance of £13.5B. Between September 2022 and September 2023 the exports of United Kingdom have decreased by £-7.03B (-16.6%) from £42.4B to £35.4B, while imports decreased by £-6.01B (-11%) from £54.8B to £48.8B.

TRADE

In September 2023, the top exports of United Kingdom were Gold (£5.93B), Cars (£2.48B), Gas Turbines (£2.22B), Commodities not elsewhere specified (£1.85B), and Crude Petroleum (£1.12B). In September 2023 the top imports of United Kingdom were Cars (£3.45B), Refined Petroleum (£2.08B), Commodities not elsewhere specified (£2B), Gold (£1.98B), and Crude Petroleum (£1.88B).

ORIGINS

In September 2023 the exports of United Kingdom were mainly from London Heathrow Airport (£10.2B), Dover Eurotunnel (£4.57B), Southampton (£2.43B), Inland Clearance (£1.87B), and East Midlands Airport (£1.38B), while imports destinations were mainly London Heathrow Airport (£5.57B), Dover (£4.47B), Felixstowe (£4.09B), Undefined (£3.6B), and Immingham (£3.33B).

DESTINATIONS

In September 2023, United Kingdom exported mostly to United States (£4.61B), Germany (£2.65B), China (£2.42B), Netherlands (£2.38B), and Hong Kong (£2.32B), and imported mostly from China (£5.56B), Germany (£5.49B), Netherlands (£4.23B), United States (£4.14B), and France (£3.11B).

In September 2023, the decrease in United Kingdom's year-by-year exports was explained primarily by an decrease in exports to Switzerland (£-3.1B or -68.6%), United Arab Emirates (£-1.35B or -72%), and China (£-1.15B or -32.2%), and product exports decrease in Gold (£-3.02B or -33.8%), Petroleum Gas (£-811M or -79.2%), and Silver (£-728M or -90%). In September 2023, the decrease in United Kingdom's year-by-year imports was explained primarily by an decrease in imports from United States (£-1.87B or -31.1%), Norway (£-1.68B or -53%), and Qatar (£-1.13B or -92.2%), and product imports decrease in Petroleum Gas (£-3.98B or -90.1%), Crude Petroleum (£-878M or -31.9%), and Gold (£-737M or -27.2%).

Fonti: 

 https://oec.world/en 

https://data.worldbank.org/

https://www.trademap.org/