Hull

Overview In August 2024 Hull exported £349M and imported £1.62B, resulting in a negative trade balance of £1.28B. Between August 2023 and August 2024 the exports of Hull have increased by $124M (55.4%) from £224M to £349M, while imports increased by £253M (18.5%) from £1.37B to £1.62B.

Trade In August 2024, the top exports of Hull were Commodities not elsewhere specified (£77.2M), Precious Metal Compounds (£26.8M), Alcohol > 80% ABV (£14.6M), Scrap Iron (£14M), and Delivery Trucks (£11.1M). In August 2024 the top imports of Hull were Petroleum Gas (£604M), Crude Petroleum (£267M), Commodities not elsewhere specified (£168M), Vaccines, blood, antisera, toxins and cultures (£56.7M), and Medical Instruments (£20.1M).

Destinations In August 2024, Hull exported mostly to Netherlands (£97M), Belgium (£57.8M), Japan (£52.6M), Germany (£39.4M), and Finland (£27.1M), and imported mostly from Norway (£836M), Netherlands (£150M), Germany (£135M), China (£108M), and Belgium (£73.2M).

Growth In August 2024, the increase in Hull's year-by-year exports was explained primarily by an increase in exports to Belgium (£31.5M or 119%), Netherlands (£18.9M or 24.2%), and Norway (£11.6M or 907%), and product exports increase in Commodities not elsewhere specified (£63.2M or 451%), Precious Metal Compounds (£24.3M or 965%), and Lifting Machinery (£7.04M or 1.3k%). In August 2024, the increase in Hull's year-by-year imports was explained primarily by an increase in imports from Norway (£118M or 16.5%), China (£106M or 4.96k%), and United States (£51.4M or 41k%), and product imports increase in Petroleum Gas (£205M or 51.4%), Commodities not elsewhere specified (£164M or 3.82k%), and Medical Instruments (£11.6M or 138%).