Gaskets in United Kingdom

EXPORTS (2018): $209M, World Rnk 5 / 168
Flag Rnk 273 / 1215

TOP DESTINATION (2018): $26.7M, United States

FASTEST GROWING IN MARKET (2017 - 2018): $17M, Spain

IMPORTS (2018): $149M, World Rnk 6 / 212
Flag Rnk 496 / 1212

TOP ORIGIN (2018): $35.6M, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $6.7M, Malta

ECONOMIC COMPLEXITY of United Kingdom (2018): 1.49, Rnk 13 / 137

PRODUCT COMPLEXITY  IN Gaskets (2018): 1.48, Rnk 51 / 1018

Exports: In 2018, United Kingdom exported $209M in Gaskets, making it the 5th largest exporter of Gaskets in the world. At the same year, Gaskets was the 273rd most exported product in United Kingdom. The main destination of Gaskets exports from United Kingdom are: United States ($26.7M), Spain ($22.8M), Germany ($17.9M), France ($15.4M), and Belgium-Luxembourg ($8.91M).

The fastest growing export markets for Gaskets of United Kingdom between 2017 and 2018 were Spain ($17M), United States ($8.01M), and Poland ($3.37M).

Imports: In 2018, United Kingdom imported $149M in Gaskets, becoming the 6th largest importer of Gaskets in the world. At the same year, Gaskets was the 496th most imported product in United Kingdom. United Kingdom imports Gaskets primarily from: Germany ($35.6M), United States ($21.1M), France ($13.1M), Malta ($13M), and Belgium-Luxembourg ($12.4M).

The fastest growing import markets in Gaskets for United Kingdom between 2017 and 2018 were Malta ($6.7M), France ($4.07M), and United States ($2.48M).

Overview: In May 2020 United Kingdom's Gaskets exports accounted up to £25.8M and imports accounted up to £11.7M, resulting in a positive trade balance of £14M. Between May 2019 and May 2020 the exports of United Kingdom's   Gaskets have decreased by £-4.24M (-14.1%) from £30M to £25.8M, while imports decreased by £-14.3M (-54.9%) from £26M to £11.7M.

Destinations: In May 2020 Gaskets exported mostly to China (£3.31M), United States (£3.05M), Italy (£1.2M), Germany (£1.16M), and India (£1.15M), and imported mostly from United States (£2.47M), Germany (£2.3M), China (£1.3M), Czechia (£1.25M), and Netherlands (£708k).

Growth: In May 2020, the decrease in Gaskets's year-by-year exports was explained primarily by a decrease in exports to United States (£-2.31M or -43.1%), Romania (£-1.19M or -83.3%), and Singapore (£-962k or -68.1%). In May 2020, the decrease in Gaskets's year-by-year imports was explained primarily by a decrease in imports from United States (£-7.43M or -75%), Germany (£-1.96M or -46%), and India (£-1.2M or -94.2%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (May 2019 - May 2020): £-4.24M, (-14.1%)

IMPORT GROWTH (May 2019 - May 2020): £-14.3M, (-54.9%)

MAIN EXPORTER (May 2020): London Heathrow Airport, £7.53M

MAIN DESTINATION (May 2020): China, £3.31M

This section shows Gaskets'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 Gaskets over time.

Value

EXPORTS (2018): $209M

IMPORTS (2018): $149M

NET TRADE (2018): $60.4M

In 2018, United Kingdom exported $209M in Gaskets. The main destinations of United Kingdom exports on Gaskets were United States ($26.7M), Spain ($22.8M), Germany ($17.9M), France ($15.4M), and Belgium-Luxembourg ($8.91M).

In 2018, United Kingdom imported $149M in Gaskets, mainly from Germany ($35.6M), United States ($21.1M), France ($13.1M), Malta ($13M), and Belgium-Luxembourg ($12.4M).

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IN 2018, United Kingdom HAD A POSITIVE NET TRADE IN Gaskets WITH:

  • Spain, $19.9M ($22.8M - $2.88M)
  • Singapore, $7M ($7.38M - $382k)
  • United States, $5.53M ($26.7M - $21.1M)

IN 2018, United Kingdom HAD A NEGATIVE NET TRADE IN Gaskets WITH:

  • Germany, -$17.7M ($17.9M - $35.6M)
  • Malta, -$12.7M ($220k - $13M)
  • Japan, -$5.68M ($1.8M - $7.49M)
Flow

THE FASTEST GROWING Gaskets EXPORT MARKETS FOR United Kingdom WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gaskets BY United Kingdom WERE (2017 - 2018):

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Market Concentration

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In 2018, United Kingdom's main exporting competitors in Gaskets were:

In 2018, United Kingdom's main importing competitors in Gaskets were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Gaskets in United Kingdom. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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