Cars exported from the United Kingdom (UK) 2022, by main export destinations
The European Union is the main export destination for passenger cars exported by the United Kingdom. In 2022, 58 percent of the cars sold by UK-based manufacturers went to member states of the EU. Total exports by the UK to the EU were valued at around 81.4 million British pounds in the fourth quarter of that same year, and the EU is one of its most important trading partners. In recent years the discrepancy between exports and imports has exacerbated the UK’s negative trade balance with the EU.
Motor industry contribution
In 2021, the UK motor industry contributed 14.1 billion British pounds to the economy. It was the fourth year in a row that the industry's revenue declined, with 2016 being the peak year, when contributions amounted to 22 billion British pounds.
Car production volumes
The decline in economic contribution is a direct result of a decrease in production output. In 2021 and 2022, further affected by supply chain shortages and raw material price increases, nearly 859,600 and just over 775,000 million passenger cars were manufactured, respectively. This was significantly less than the volume produced in the previous year.