Tool Sets in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $13.4M in Tool Sets, making it the 12th largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 803rd most exported product in United Kingdom. The main destination of Tool Sets exports from United Kingdom are: United States ($2.4M), Ireland ($1.06M), Netherlands ($1.05M), China ($701k), and France ($647k).

The fastest growing export markets for Tool Sets of United Kingdom between 2021 and 2022 were United States ($1.53M), France ($270k), and India ($208k).

Imports In 2022, United Kingdom imported $46.6M in Tool Sets, becoming the 8th largest importer of Tool Sets in the world. At the same year, Tool Sets was the 763rd most imported product in United Kingdom. United Kingdom imports Tool Sets primarily from: China ($21.9M), Chinese Taipei ($8.64M), Germany ($5.36M), United States ($2.87M), and Netherlands ($1.45M).

The fastest growing import markets in Tool Sets for United Kingdom between 2021 and 2022 were Vietnam ($193k), Spain ($137k), and India ($125k).

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

Latest Trends

January 2024

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Overview In January 2024 United Kingdom's Tool Sets exports accounted up to £1.28M and imports accounted up to £1.83M, resulting in a negative trade balance of £551k. Between January 2023 and January 2024 the exports of United Kingdom's Tool Sets have increased by £531k (70.9%) from £748k to £1.28M, while imports decreased by £-242k (-11.7%) from £2.07M to £1.83M.

Destinations In January 2024, Tool Sets were exported mostly to Germany (£264k), Ireland (£187k), United States (£139k), France (£107k), and Netherlands (£93.6k), and were imported mostly from China (£509k), Germany (£312k), Netherlands (£228k), Taiwan (£180k), and Ireland (£140k).

Growth In January 2024, the increase in Tool Sets's year-by-year exports was explained primarily by an increase in exports to Sudan (£44.4k or 1.12k%), Ireland (£26.8k or 18.1%), and Gibraltar (£13.1k or 933%). In January 2024, the decrease in Tool Sets's year-by-year imports was explained primarily by a decrease in imports from Taiwan (£-1.06M or -95.4%), United States (£-402k or -86.4%), and Denmark (£-102k or -96%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£531k(70.9%)

IMPORT GROWTH (January 2023 - January 2024)£-242k(-11.7%)

MAIN EXPORTER (January 2024)Dover Eurotunnel£460k

MAIN DESTINATION (January 2024)Germany£264k

This section shows Tool Sets'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 Tool Sets over time.

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