The value of motor vehicle trading reached its peak in 2017. That year, the United Kingdom exported 34.3 billion British pounds worth of such products, while imports valued at 40.8 million British pounds. The chasm between value of imports and exports closed again slightly that year. It was greatest in 2015, when the difference amounted to nearly eleven million British pounds.
The UK’s overall trade balance of goods was a negative 203.03 billion U.S. dollars in 2017.
Economic contribution
In 2018, the motor industry contributed 18.6 billion British pounds to the UK’s economy. This was a slight decrease compared to the previous two years. Figures peaked in 2016, when the motor industry was responsible for adding 22 billion British pounds to the country’s gross domestic product.
Production figures
In 2018, the UK produced 1.5 million cars. This was the second year in a row that production figures decreased, falling from a peak of 1.7 million seen in 2016 to levels similar to 2013.
Value of motor vehicles imported and exported in the United Kingdom (UK) from 2007 to 2017*
(in billion GBP)
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Statistics on "Automotive industry in the United Kingdom"
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Parliament of the United Kingdom. (May 15, 2018). Value of motor vehicles imported and exported in the United Kingdom (UK) from 2007 to 2017* (in billion GBP) [Graph]. In Statista. Retrieved February 18, 2020, from https://www.statista.com/statistics/299359/motor-vehicle-imports-and-exports-in-the-united-kingdom/
Parliament of the United Kingdom. "Value of motor vehicles imported and exported in the United Kingdom (UK) from 2007 to 2017* (in billion GBP)." Chart. May 15, 2018. Statista. Accessed February 18, 2020. https://www.statista.com/statistics/299359/motor-vehicle-imports-and-exports-in-the-united-kingdom/
Parliament of the United Kingdom. (2018). Value of motor vehicles imported and exported in the United Kingdom (UK) from 2007 to 2017* (in billion GBP). Statista. Statista Inc.. Accessed: February 18, 2020. https://www.statista.com/statistics/299359/motor-vehicle-imports-and-exports-in-the-united-kingdom/
Parliament of the United Kingdom. "Value of Motor Vehicles Imported and Exported in The United Kingdom (Uk) from 2007 to 2017* (in Billion Gbp)." Statista, Statista Inc., 15 May 2018, https://www.statista.com/statistics/299359/motor-vehicle-imports-and-exports-in-the-united-kingdom/
Parliament of the United Kingdom, Value of motor vehicles imported and exported in the United Kingdom (UK) from 2007 to 2017* (in billion GBP) Statista, https://www.statista.com/statistics/299359/motor-vehicle-imports-and-exports-in-the-united-kingdom/ (last visited February 18, 2020)
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