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Pricing

2022
Flag → Flag
Exports $6.61BRnk 19 / 224
2022
Flag → Flag
Top Product $808MGas Turbines
2022
Flag → Flag
Exports $11.2BRnk 17 / 211
2022
Flag → Flag
Top Product $2.11BCars
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
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 GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186

About

United Kingdom-Japan Trade: In 2022, United Kingdom exported $6.61B to Japan. The main products that United Kingdom exported to Japan were Gas Turbines ($808M), Cars ($733M), and Platinum ($494M). Over the past 5 years the exports of United Kingdom to Japan have decreased at an annualized rate of 1.95%, from $7.3B in 2017 to $6.61B in 2022.

In 2019, United Kingdom exported services to Japan worth $7.96B, with Financial services ($3.72B), Other business services ($2.02B), and Insurance services ($605M) being the largest in terms of value.

Japan-United Kingdom Trade: In 2022, Japan exported $11.2B to United Kingdom. The main products that Japan exported to United Kingdom were Cars ($2.11B), Gold ($723M), and Gas Turbines ($552M). Over the past 5 years the exports of Japan to United Kingdom have decreased at an annualized rate of 3.31%,  from $13.3B in 2017 to $11.2B in 2022.

In 2009, Japan exported services to United Kingdom worth $22.8B, with Services not allocated ($11.4B), Other business services ($6.16B), and Transportation ($1.65B) being the largest in terms of value.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Latest Trends

June, 2024

About

Overview In June 2024, United Kingdom exported £512M and imported £709M from Japan, resulting in a negative trade balance of £197M. Between June 2023 and June 2024 the exports of United Kingdom have increased by £17.5M (3.53%) from £495M to £512M, while imports decreased by £-27.4M (-3.72%) from £736M to £709M.

Trade In June 2024, the top exports of United Kingdom to Japan were Cars (£67.3M), Platinum (£58.7M), Gas Turbines (£50.5M), Packaged Medicaments (£37.7M), and Hard Liquor (£13.7M). In June 2024 the top imports of United Kingdom from Japan were Cars (£194M), Silver (£66.7M), Gas Turbines (£60.1M), Platinum (£54.9M), and Gold (£49.9M).

Origins In June 2024 the exports of United Kingdom were mainly from N/A, while imports destinations were mainly London Heathrow Airport (£161M), Southampton (£128M), Tyne (£25.2M), and Felixstowe (£22.8M).

Growth In June 2024, the increase in United Kingdom's year-by-year exports to Japan was explained primarily by an increase in product exports in Cars (£26.3M or 64.4%), Pesticides (£5.45M or 2.56k%), and Transmissions (£5.31M or 238%). In June 2024, the decrease in United Kingdom's year-by-year imports  from Japan was explained primarily by an decrease in product imports  in Motor vehicles; parts and accessories (8701... (£-24.9M or -61.7%), Platinum (£-13.8M or -20.1%), and Nickel Mattes (£-11.5M or -33%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)£17.5M(3.53%)
IMPORT GROWTH (June 2023 - June 2024)£-27.4M(-3.72%)

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Japan and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Japan and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $6.61B to Japan. The main products exported from United Kingdom to Japan were Gas Turbines ($808M), Cars ($733M), and Platinum ($494M). During the last 5 years the exports of United Kingdom to Japan have decreased at an annualized rate of 1.95%, from $7.3B in 2017 to $6.61B in 2022.

In 2017, Japan exported $11.2B to United Kingdom. The main products exported from Japan to United Kingdom were Cars ($2.11B), Gold ($723M), and Gas Turbines ($552M). During the last 5 years the exports of Japan to United Kingdom have decreased at an annualized rate of 3.31%, from $13.3B in 2022 to $11.2B in 2017.

Exports from United Kingdom (Flag) to Japan (Flag) (2022)

Exports from Japan (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Japan
Top DestinationUnited States$137B

This map shows whether countries import more from United Kingdom or Japan. Each country is colored based on the difference in imports they receive from United Kingdom and Japan or the difference in the growth in imports.

In 2022, countries that imported more from United Kingdom than Japan included Netherlands ($41.9B), Ireland ($32.6B), and France ($30.2B).

In 2022, countries that imported more from Japan than United Kingdom included China ($135B), United States ($137B), and Chinese Taipei ($50.1B).

Difference in imports from Japan (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Japan

Flow
Scale

This chart compares trade between United Kingdom and Japan by product, considering products traded by both, United Kingdom and Japan.

During 2022, United Kingdom had a large net trade with Japan in the exports of Machines ($1.86B), Chemical Products ($1.11B), and Transportation ($936M).

During 2017, Japan had a large net trade with United Kingdom in the exports of Machines ($4.06B), Transportation ($2.84B), and Chemical Products ($1.01B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Japan+$247MCars
Top Product Potential Japan United Kingdom+$857MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Kingdom and Japan. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Japan. Similarly, a dot/product with the flag of Japan indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Japan (Flag) (2022)

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