Motor vehicles; parts and accessories (8701 to 8705) in United Kingdom

About

Exports In 2022, United Kingdom exported $4.98B in Motor vehicles; parts and accessories (8701 to 8705), making it the 21st largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 13th most exported product in United Kingdom. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from United Kingdom are: Germany ($697M), United States ($610M), France ($444M), China ($309M), and Sweden ($270M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of United Kingdom between 2021 and 2022 were United States ($107M), China ($67.3M), and Peru ($56.5M).

Imports In 2022, United Kingdom imported $11.7B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 8th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 9th most imported product in United Kingdom. United Kingdom imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Germany ($3.14B), Italy ($962M), France ($935M), China ($926M), and Poland ($693M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for United Kingdom between 2021 and 2022 were China ($122M), Hungary ($99.1M), and United Kingdom ($53.5M).

COMPANIES In 2023, leading companies such as Schaeffler Group (26), Volvo (17), and J.C. Bamford (10) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to £395M and imports accounted up to £843M, resulting in a negative trade balance of £448M. Between June 2023 and June 2024 the exports of United Kingdom's Motor vehicles; parts and accessories (8701 to 8705) have decreased by £-4.48M (-1.12%) from £399M to £395M, while imports decreased by £-163M (-16.2%) from £1.01B to £843M.

Destinations In June 2024, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to Germany (£56.5M), United States (£44.3M), France (£39.3M), Slovakia (£25.6M), and Sweden (£25.4M), and were imported mostly from Germany (£239M), France (£70.3M), Netherlands (£66.1M), Belgium (£61.3M), and China (£59.3M).

Growth In June 2024, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by a decrease in exports to Turkey (£-2.25M or -30.6%), Brazil (£-1.26M or -32.9%), and Denmark (£-578k or -43%). In June 2024, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by a decrease in imports from Japan (£-24.9M or -61.7%), China (£-15.7M or -26.3%), and Turkey (£-8.02M or -29.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)£-4.48M(-1.12%)

IMPORT GROWTH (June 2023 - June 2024)£-163M(-16.2%)

MAIN EXPORTER (June 2024)Dover Eurotunnel£150M

MAIN DESTINATION (June 2024)Germany£56.5M

This section shows Motor vehicles; parts and accessories (8701 to 8705)'s 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 destination or origin country to explore the exports or imports behavior of Motor vehicles; parts and accessories (8701 to 8705) over time.

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