Gaskets in United Kingdom

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

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

FASTEST GROWING 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

Overview: This page contains the latest trade data of Gaskets in United Kingdom.

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 June 2020 United Kingdom's Gaskets exports accounted up to £25.4M and imports accounted up to £16.2M, resulting in a positive trade balance of £9.2M. Between June 2019 and June 2020 the exports of United Kingdom's   Gaskets have decreased by £-6.67M (-20.8%) from £32.1M to £25.4M, while imports decreased by £-8.91M (-35.4%) from £25.2M to £16.2M.

Destinations: In June 2020 Gaskets exported mostly to United States (£3.44M), Germany (£1.64M), Kazakhstan (£1.48M), Italy (£1.44M), and China (£1.29M), and imported mostly from Germany (£2.84M), United States (£2.8M), India (£2.15M), Czechia (£1.55M), and China (£909k).

Growth: In June 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 (£-1.18M or -83.2%), and Singapore (£-962k or -68.1%). In June 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 (£-1.95M or -45.7%), and India (£-1.2M or -94.2%).

Subnational Monthly Trade

#permalink to section
Flow
Value

EXPORT GROWTH (June 2019 - June 2020): £-6.67M, (-20.8%)

IMPORT GROWTH (June 2019 - June 2020): £-8.91M, (-35.4%)

MAIN EXPORTER (June 2020): London Heathrow Airport, £6.6M

MAIN DESTINATION (June 2020): United States, £3.44M

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).

Explore Visualizations

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):

Explore Visualizations

Market Concentration

#permalink to section
Flow
Type

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

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

Explore Visualizations

Trade Forecasts

#permalink to section

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.

Explore Forecasts