Motor-working Tools in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $128M in Motor-working Tools, making it the 14th largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 352nd most exported product in United Kingdom. The main destination of Motor-working Tools exports from United Kingdom are: United States ($14.9M), China ($10.7M), Netherlands ($9.77M), Germany ($8.85M), and Belgium ($7.48M).

The fastest growing export markets for Motor-working Tools of United Kingdom between 2021 and 2022 were United Kingdom ($3.43M), Bulgaria ($2.91M), and China ($2.51M).

Imports In 2022, United Kingdom imported $279M in Motor-working Tools, becoming the 8th largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 373rd most imported product in United Kingdom. United Kingdom imports Motor-working Tools primarily from: China ($84.4M), Germany ($50.4M), United States ($31.1M), France ($15.5M), and Chinese Taipei ($13.5M).

The fastest growing import markets in Motor-working Tools for United Kingdom between 2021 and 2022 were United States ($11M), United Kingdom ($3.43M), and Cyprus ($1.91M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Motor-working Tools from United Kingdom to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United Kingdom's Motor-working Tools exports accounted up to £23.1M and imports accounted up to £60.8M, resulting in a negative trade balance of £37.7M. Between January 2023 and January 2024 the exports of United Kingdom's Motor-working Tools have increased by £1.43M (6.63%) from £21.6M to £23.1M, while imports decreased by £-2.85M (-4.49%) from £63.6M to £60.8M.

Destinations In January 2024, Motor-working Tools were exported mostly to Germany (£3.95M), Ireland (£3.72M), France (£2.14M), Netherlands (£1.87M), and United States (£1.68M), and were imported mostly from China (£26.5M), Germany (£8.19M), Romania (£4.42M), Czechia (£4.25M), and United States (£3.58M).

Growth In January 2024, the increase in Motor-working Tools's year-by-year exports was explained primarily by an increase in exports to Belgium (£1.55M or 149%), Poland (£1.37M or 520%), and Ireland (£1.36M or 70.5%). In January 2024, the decrease in Motor-working Tools's year-by-year imports was explained primarily by a decrease in imports from China (£-23.7M or -42.1%), Hungary (£-4.63M or -87.8%), and Romania (£-3.35M or -79.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£1.43M(6.63%)

IMPORT GROWTH (January 2023 - January 2024)£-2.85M(-4.49%)

MAIN EXPORTER (January 2024)Dover Eurotunnel£11.4M

MAIN DESTINATION (January 2024)Germany£3.95M

This section shows Motor-working Tools'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 Motor-working Tools over time.

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