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Pricing

2023
Flag → Flag
Exports $117MRnk 104 / 223
2023
Flag → Flag
Top Product $11.1MAircraft parts (gliders, balloons, and powered aircraft)
2023
Flag → Flag
Exports $5.24MRnk 6 / 60
2023
Flag → Flag
Top Product $2.09MWool
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

United Kingdom-Falkland Islands Trade: In 2023, United Kingdom exported $117M to Falkland Islands. The main products that United Kingdom exported to Falkland Islands were Aircraft parts (gliders, balloons, and powered aircraft) ($11.1M), Prefabricated Buildings ($5.93M), and Surveying Equipment ($4.25M). Over the past 5 years the exports of United Kingdom to Falkland Islands have increased at an annualized rate of 11.2%, from $68.5M in 2018 to $117M in 2023.

In 2023, United Kingdom did not export any services to Falkland Islands.

Falkland Islands-United Kingdom Trade: In 2023, Falkland Islands exported $5.24M to United Kingdom. The main products that Falkland Islands exported to United Kingdom were Wool ($2.09M), Sheep and Goat Meat ($1.74M), and Aircraft parts (gliders, balloons, and powered aircraft) ($346k). Over the past 5 years the exports of Falkland Islands to United Kingdom have decreased at an annualized rate of 0.66%,  from $5.42M in 2018 to $5.24M in 2023.

In 2023, Falkland Islands did not export any services to United Kingdom.

Comparison In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5),  and 14 in total exports ($429B). That same year, Falkland Islands ranked 175 in total exports ($363M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £19.1M and imported £43.8k from Falkland Islands, resulting in a positive trade balance of £19M. Between November 2023 and November 2024 the exports of United Kingdom have increased by £4.24M (28.6%) from £14.8M to £19.1M, while imports decreased by £-435k (-90.9%) from £479k to £43.8k.

Trade In November 2024, the top exports of United Kingdom to Falkland Islands were Commodities not elsewhere specified (£1.25M), Large Construction Vehicles (£877k), Delivery Trucks (£705k), Other Hand Tools (£463k), and Iron Cloth (£355k). In November 2024 the top imports of United Kingdom from Falkland Islands were Sheep and Goat Meat (£85.7k), Aircraft parts for spacecraft, UAVs, and... (£33.5k), Wool (£8.38k), and Collector's Items (£500).

Origins In November 2024 the exports of United Kingdom were mainly from Southampton (£15.4M), Brize Norton (£2.09M), London Gateway (£1.35M), London Heathrow Airport (£136k), and East Midlands Airport (£83.7k), while imports destinations were mainly Southampton (£29.9k), East Midlands Airport (£4.88k), and London Heathrow Airport (£2k).

Growth In November 2024, the increase in United Kingdom's year-by-year exports to Falkland Islands was explained primarily by an increase in product exports in Large Construction Vehicles (£715k or 440%), Commodities not elsewhere specified (£693k or 125%), and Delivery Trucks (£563k or 396%). In November 2024, the decrease in United Kingdom's year-by-year imports  from Falkland Islands was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£4.24M(28.6%)
IMPORT GROWTH (November 2023 - November 2024)£-435k(-90.9%)
MAIN EXPORTER (November 2024)Southampton£15.4M

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 Falkland Islands and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $117M to Falkland Islands. The main products exported from United Kingdom to Falkland Islands were Aircraft parts (gliders, balloons, and powered aircraft) ($11.1M), Prefabricated Buildings ($5.93M), and Surveying Equipment ($4.25M). During the last 5 years the exports of United Kingdom to Falkland Islands have increased at an annualized rate of 11.2%, from $68.5M in 2018 to $117M in 2023.

In 2018, Falkland Islands exported $5.24M to United Kingdom. The main products exported from Falkland Islands to United Kingdom were Wool ($2.09M), Sheep and Goat Meat ($1.74M), and Aircraft parts (gliders, balloons, and powered aircraft) ($346k). During the last 5 years the exports of Falkland Islands to United Kingdom have decreased at an annualized rate of 0.66%, from $5.42M in 2023 to $5.24M in 2018.

Exports from United Kingdom (Flag) to Falkland Islands (Flag) (2023)

Exports from Falkland Islands (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Falkland Islands
Top DestinationSpain$248M

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

In 2023, countries that imported more from United Kingdom than Falkland Islands included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

In 2023, no countries were registered that imported more from Falkland Islands than from United Kingdom.

Difference in imports from Falkland Islands (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Falkland Islands

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Falkland Islands in the exports of Machines ($33.7M), Transportation ($23M), and Metals ($11.3M).

During 2018, Falkland Islands had a large net trade with United Kingdom in the exports of Animal Products ($2.19M), Textiles ($2.1M), and Transportation ($346k).

Economic Complexity

Competitive Landscape

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

Product Space of United Kingdom (Flag) and Falkland Islands (Flag) (2023)

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