Metalworking Machine Parts in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $332M in Metalworking Machine Parts, making it the 15th largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 192nd most exported product in United Kingdom. The main destination of Metalworking Machine Parts exports from United Kingdom are: United States ($60.6M), Germany ($35.1M), Belgium ($21.9M), Japan ($18M), and China ($18M).

The fastest growing export markets for Metalworking Machine Parts of United Kingdom between 2021 and 2022 were Japan ($6.51M), Poland ($4.64M), and Romania ($3.13M).

Imports In 2022, United Kingdom imported $455M in Metalworking Machine Parts, becoming the 12th largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 277th most imported product in United Kingdom. United Kingdom imports Metalworking Machine Parts primarily from: Germany ($101M), United States ($67.4M), Italy ($46.7M), China ($38.9M), and Japan ($37M).

The fastest growing import markets in Metalworking Machine Parts for United Kingdom between 2021 and 2022 were Japan ($11.7M), Italy ($6.47M), and Switzerland ($3.73M).

COMPANIES In 2023, leading companies such as GOLDEN STATE FC LLC (2) and HAAS AUTOMATION, INC. (1) were at the forefront of shipping Metalworking Machine Parts from United Kingdom to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United Kingdom's Metalworking Machine Parts exports accounted up to £22.8M and imports accounted up to £29.6M, resulting in a negative trade balance of £6.77M. Between February 2023 and February 2024 the exports of United Kingdom's Metalworking Machine Parts have increased by £1.52M (7.17%) from £21.3M to £22.8M, while imports decreased by £-4.07M (-12.1%) from £33.7M to £29.6M.

Destinations In February 2024, Metalworking Machine Parts were exported mostly to United States (£3.67M), Germany (£3.2M), Belgium (£2.04M), Poland (£1.29M), and United Arab Emirates (£1.21M), and were imported mostly from Germany (£6.69M), United States (£4M), Italy (£2.78M), Japan (£2.45M), and Switzerland (£1.96M).

Growth In February 2024, the increase in Metalworking Machine Parts's year-by-year exports was explained primarily by an increase in exports to Germany (£3.35M or 205%), Belgium (£944k or 182%), and Canada (£801k or 1.81k%). In February 2024, the decrease in Metalworking Machine Parts's year-by-year imports was explained primarily by a decrease in imports from Germany (£-4.99M or -43%), China (£-999k or -35.6%), and Japan (£-923k or -34.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£1.52M(7.17%)

IMPORT GROWTH (February 2023 - February 2024)£-4.07M(-12.1%)

MAIN EXPORTER (February 2024)Dover Eurotunnel£5.59M

MAIN DESTINATION (February 2024)United States£3.67M

This section shows Metalworking Machine Parts'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 Metalworking Machine Parts over time.

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