Iron Fasteners in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $922M in Iron Fasteners, making it the 10th largest exporter of Iron Fasteners in the world. At the same year, Iron Fasteners was the 86th most exported product in United Kingdom. The main destination of Iron Fasteners exports from United Kingdom are: United States ($123M), Germany ($101M), France ($55.5M), Netherlands ($45.6M), and China ($44.3M).

The fastest growing export markets for Iron Fasteners of United Kingdom between 2021 and 2022 were United States ($26M), Saudi Arabia ($17.4M), and United Arab Emirates ($15.7M).

Imports In 2022, United Kingdom imported $1.51B in Iron Fasteners, becoming the 7th largest importer of Iron Fasteners in the world. At the same year, Iron Fasteners was the 89th most imported product in United Kingdom. United Kingdom imports Iron Fasteners primarily from: China ($342M), Germany ($242M), Chinese Taipei ($224M), United States ($136M), and Italy ($97.3M).

The fastest growing import markets in Iron Fasteners for United Kingdom between 2021 and 2022 were China ($85.6M), United States ($19.8M), and Poland ($13.4M).

COMPANIES In 2023, leading companies such as FORD MOTOR COMPANY (30) and STARTECH.COM USA LLP (12) were at the forefront of shipping Iron Fasteners from United Kingdom to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United Kingdom's Iron Fasteners exports accounted up to £70.6M and imports accounted up to £86.7M, resulting in a negative trade balance of £16.2M. Between January 2023 and January 2024 the exports of United Kingdom's Iron Fasteners have increased by £9.12M (14.8%) from £61.4M to £70.6M, while imports decreased by £-9.75M (-10.1%) from £96.5M to £86.7M.

Destinations In January 2024, Iron Fasteners were exported mostly to United States (£10.1M), Germany (£6.34M), France (£4.59M), China (£4.31M), and Netherlands (£3.41M), and were imported mostly from Germany (£14M), China (£13.6M), United States (£11.4M), Taiwan (£7.47M), and France (£7.18M).

Growth In January 2024, the increase in Iron Fasteners's year-by-year exports was explained primarily by an increase in exports to United States (£3.94M or 65.2%), Germany (£2.26M or 51.5%), and Singapore (£1.71M or 249%). In January 2024, the decrease in Iron Fasteners's year-by-year imports was explained primarily by a decrease in imports from China (£-6.49M or -27.5%), Taiwan (£-5.93M or -30.9%), and South Korea (£-1.04M or -78.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£9.12M(14.8%)

IMPORT GROWTH (January 2023 - January 2024)£-9.75M(-10.1%)

MAIN EXPORTER (January 2024)London Heathrow Airport£14.9M

MAIN DESTINATION (January 2024)United States£10.1M

This section shows Iron Fasteners'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 Iron Fasteners over time.

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