Raw Iron Bars in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $99.7M in Raw Iron Bars, making it the 44th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 407th most exported product in United Kingdom. The main destination of Raw Iron Bars exports from United Kingdom are: Ireland ($28M), Germany ($25.1M), France ($10.5M), Netherlands ($8.96M), and Switzerland ($6.1M).

The fastest growing export markets for Raw Iron Bars of United Kingdom between 2021 and 2022 were France ($2.76M), Switzerland ($2.29M), and Turkey ($826k).

Imports In 2022, United Kingdom imported $573M in Raw Iron Bars, becoming the 9th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 224th most imported product in United Kingdom. United Kingdom imports Raw Iron Bars primarily from: Turkey ($121M), Portugal ($105M), France ($61.3M), Spain ($40.7M), and Malaysia ($38.4M).

The fastest growing import markets in Raw Iron Bars for United Kingdom between 2021 and 2022 were Turkey ($84.4M), Malaysia ($38.4M), and Egypt ($28.5M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Raw Iron Bars from United Kingdom to the United States.

Latest Trends

January 2024

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Overview In January 2024 United Kingdom's Raw Iron Bars exports accounted up to £4.79M and imports accounted up to £29.8M, resulting in a negative trade balance of £25M. Between January 2023 and January 2024 the exports of United Kingdom's Raw Iron Bars have decreased by £-3.25M (-40.4%) from £8.04M to £4.79M, while imports decreased by £-4.15M (-12.2%) from £34M to £29.8M.

Destinations In January 2024, Raw Iron Bars were exported mostly to Ireland (£1.41M), Germany (£1.26M), Spain (£648k), Netherlands (£452k), and Switzerland (£279k), and were imported mostly from Algeria (£8.7M), Portugal (£7.49M), France (£4.68M), Spain (£2.1M), and Turkey (£1.99M).

Growth In January 2024, the decrease in Raw Iron Bars's year-by-year exports was explained primarily by a decrease in exports to United States (£-56.7k or -42.9%), Sweden (£-56.1k or -94%), and Poland (£-28k or -43.3%). In January 2024, the decrease in Raw Iron Bars's year-by-year imports was explained primarily by a decrease in imports from Spain (£-4.52M or -57.9%), India (£-2.53M or -99.2%), and Belgium (£-1.64M or -81%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-3.25M(-40.4%)

IMPORT GROWTH (January 2023 - January 2024)£-4.15M(-12.2%)

MAIN EXPORTER (January 2024)Dover Eurotunnel£3.12M

MAIN DESTINATION (January 2024)Ireland£1.41M

This section shows Raw Iron Bars'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 Raw Iron Bars over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$99.7M

IMPORTS (2022)$573M

NET TRADE (2022)-$474M

In 2022, United Kingdom exported $99.7M in Raw Iron Bars. The main destinations of United Kingdom exports on Raw Iron Bars were Ireland ($28M), Germany ($25.1M), France ($10.5M), Netherlands ($8.96M), and Switzerland ($6.1M).

In 2022, United Kingdom imported $573M in Raw Iron Bars, mainly from Turkey ($121M), Portugal ($105M), France ($61.3M), Spain ($40.7M), and Malaysia ($38.4M).

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