Other Precious Metal Products in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $562M in Other Precious Metal Products, making it the 5th largest exporter of Other Precious Metal Products in the world. At the same year, Other Precious Metal Products was the 135th most exported product in United Kingdom. The main destination of Other Precious Metal Products exports from United Kingdom are: United States ($295M), Australia ($35.3M), United Kingdom ($32.1M), Poland ($29M), and South Korea ($20.8M).

The fastest growing export markets for Other Precious Metal Products of United Kingdom between 2021 and 2022 were United States ($261M), United Kingdom ($24.2M), and Poland ($10.9M).

Imports In 2022, United Kingdom imported $133M in Other Precious Metal Products, becoming the 11th largest importer of Other Precious Metal Products in the world. At the same year, Other Precious Metal Products was the 533rd most imported product in United Kingdom. United Kingdom imports Other Precious Metal Products primarily from: United States ($48.7M), United Kingdom ($32.1M), Australia ($12.4M), Germany ($11.6M), and Portugal ($5.79M).

The fastest growing import markets in Other Precious Metal Products for United Kingdom between 2021 and 2022 were United Kingdom ($24.2M), United States ($22.4M), and Greece ($3.38M).

Latest Trends

February 2024

About

Overview In February 2024 United Kingdom's Other Precious Metal Products exports accounted up to £14.9M and imports accounted up to £2.21M, resulting in a positive trade balance of £12.7M. Between February 2023 and February 2024 the exports of United Kingdom's Other Precious Metal Products have increased by £141k (0.96%) from £14.8M to £14.9M, while imports decreased by £-1.86M (-45.8%) from £4.07M to £2.21M.

Destinations In February 2024, Other Precious Metal Products were exported mostly to United States (£2.92M), Spain (£2.51M), Turkey (£1.62M), South Korea (£1.57M), and Australia (£1.47M), and were imported mostly from United States (£1.2M), Ireland (£376k), Germany (£253k), France (£154k), and Lithuania (£53.9k).

Growth In February 2024, the increase in Other Precious Metal Products's year-by-year exports was explained primarily by an increase in exports to Australia (£577k or 1.81k%), Germany (£177k or 380%), and United States (£109k or 88.7%). In February 2024, the decrease in Other Precious Metal Products's year-by-year imports was explained primarily by a decrease in imports from Ireland (£-373k or -52.9%), Italy (£-12.1k or -38.2%), and Hungary (£-10.4k or -60%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£141k(0.96%)

IMPORT GROWTH (February 2023 - February 2024)£-1.86M(-45.8%)

MAIN EXPORTER (February 2024)London Heathrow Airport£9.95M

MAIN DESTINATION (February 2024)United States£2.92M

This section shows Other Precious Metal Products's 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 destination or origin country to explore the exports or imports behavior of Other Precious Metal Products over time.

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