Trade value of UK automotive imports and exports 2014-2022
The UK reported a negative automotive trade balance in all the years recorded, except for in 2020, amid the COVID-19 pandemic. In 2022, the country imported some 59.4 billion Great British pounds in automotive goods, compared to 34.4 billion Great British pounds in exports.
Economic contribution
The UK’s overall trade balance of goods was a negative 294.4 billion U.S. dollars in 2022 and negative 244.1 in 2021. That same year, the motor industry contributed about 14.1 billion British pounds to the UK’s economy. This was a decrease compared with the previous year when the motor industry was responsible for adding 15.3 billion British pounds to the country’s gross domestic product.
Production figures
In 2022, the UK produced roughly 775,000 million cars, a notable drop from nearly 859,600 million cars produced in 2021. Although the UK car production was declining for the past three years, the significant decrease in production that occurred in 2020 was mainly due to the COVID-19 pandemic.