Flag United Kingdom / Falkland Islands Flag

Exports FlagFlag  (2018): $68.4M, Rnk 111 / 217

Top Product FlagFlag (2018): $4.85M, Electric Generating Sets

Exports FlagFlag (2018): $5.11M, Rnk 4 / 51

Top Product FlagFlag (2018): $2.39M, Wool

Economic Complexity of Flag (2018): ECI 1.49, Rnk 13 / 137

United Kingdom-Falkland Islands: In 2018, United Kingdom exported $68.4M to Falkland Islands. The main products exported from United Kingdom to Falkland Islands were Electric Generating Sets ($4.85M), Iron Structures ($4.78M), and Hot-Rolled Iron ($3.35M). During the last 23 years the exports of United Kingdom to Falkland Islands have increased at an annualized rate of 4.83%, from $23.1M in 1995 to $68.4M in 2018.

Falkland Islands-United Kingdom: In 2018, Falkland Islands exported $5.11M to United Kingdom. The main products exported from Falkland Islands to United Kingdom were Wool ($2.39M), Sheep and Goat Meat ($2.07M), and Frozen Bovine Meat ($301k). During the last 23 years the exports of Falkland Islands to United Kingdom have decreased at an annualized rate of 1.02%, from $6.46M in 1995 to $5.11M in 2018.

Comparison: In 2018, United Kingdom ranked 13 in the Economic Complexity Index (ECI 1.49), and 9 in total exports ($464B). That same year, Falkland Islands ranked 168 in total exports ($283M), and does not have data regarding Economic Complexity Index. N/A

Bilateral Trade by Products

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Depth
Value

In 2018, United Kingdom exported $68.4M to Falkland Islands. The main products exported from United Kingdom to Falkland Islands were Electric Generating Sets ($4.85M), Iron Structures ($4.78M), and Hot-Rolled Iron ($3.35M). During the last 23 years the exports of United Kingdom to Falkland Islands have increased at an annualized rate of 4.83%, from $23.1M in 1995 to $68.4M in 2018.

In 2018, Falkland Islands exported $5.11M to United Kingdom. The main products exported from Falkland Islands to United Kingdom were Wool ($2.39M), Sheep and Goat Meat ($2.07M), and Frozen Bovine Meat ($301k). During the last 23 years the exports of Falkland Islands to United Kingdom have decreased at an annualized rate of 1.02%, from $6.46M in 1995 to $5.11M in 2018.

Market Competitiveness

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Measure

United Kingdom
Top Destination
: United States, $61.9B

Falkland Islands
Top Destination
: Spain, $218M

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 2018, countries that imported more from United Kingdom than Falkland Islands were United States ($61.9B), Germany ($45.5B), and Netherlands ($33.3B).

In 2018, no countries were registered that imported more from Falkland Islands than from United Kingdom.

Comparative Advantage United Kingdom - Falkland Islands

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Depth

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

During 2018, United Kingdom had a large net trade with Falkland Islands in the exports of Machines ($17.2M), Metals ($14.3M), and Foodstuffs ($7.77M).

During 2018, Falkland Islands had a large net trade with United Kingdom in the exports of Animal Products ($2.51M), Textiles ($2.39M), and Transportation ($117k).

Trade Forecasts

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This section shows a forecast for total trade between United Kingdom and Falkland Islands. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Falkland Islands. Similarly, the more red a dot/product is, the more Falkland Islands has comparative advantage over United Kingdom.