Electrical Transformers in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $1.47B in Electrical Transformers, making it the 22nd largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 52nd most exported product in United Kingdom. The main destination of Electrical Transformers exports from United Kingdom are: Germany ($350M), United States ($185M), Netherlands ($84.2M), France ($75.5M), and Turkey ($58.2M).

The fastest growing export markets for Electrical Transformers of United Kingdom between 2021 and 2022 were Germany ($31.7M), United Kingdom ($28.1M), and Turkey ($17.1M).

Imports In 2022, United Kingdom imported $3.7B in Electrical Transformers, becoming the 10th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 26th most imported product in United Kingdom. United Kingdom imports Electrical Transformers primarily from: China ($1.07B), Germany ($365M), Netherlands ($234M), Japan ($201M), and Italy ($199M).

The fastest growing import markets in Electrical Transformers for United Kingdom between 2021 and 2022 were China ($377M), Sweden ($116M), and India ($63M).

COMPANIES In 2023, leading companies such as VESTAS NACELLES AMERICA INC. (76) and BUSA DISTRIBUTION CENTER (3) were at the forefront of shipping Electrical Transformers from United Kingdom to the United States.

Latest Trends

January 2024

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Overview In January 2024 United Kingdom's Electrical Transformers exports accounted up to £86.1M and imports accounted up to £276M, resulting in a negative trade balance of £190M. Between January 2023 and January 2024 the exports of United Kingdom's Electrical Transformers have decreased by £-15.2M (-15%) from £101M to £86.1M, while imports increased by £21.3M (8.33%) from £255M to £276M.

Destinations In January 2024, Electrical Transformers were exported mostly to Germany (£21.1M), United States (£12.5M), France (£5.27M), Netherlands (£5.01M), and Ireland (£4.7M), and were imported mostly from China (£50.6M), Germany (£35.6M), Netherlands (£28.6M), Italy (£22.9M), and India (£19.4M).

Growth In January 2024, the decrease in Electrical Transformers's year-by-year exports was explained primarily by a decrease in exports to Turkey (£-2.6M or -84.9%), India (£-586k or -31.8%), and United Arab Emirates (£-441k or -28.5%). In January 2024, the increase in Electrical Transformers's year-by-year imports was explained primarily by an increase in imports from China (£29.1M or 69.1%), Germany (£16.9M or 77.5%), and Croatia (£5.63M or 5.48k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-15.2M(-15%)

IMPORT GROWTH (January 2023 - January 2024)£21.3M(8.33%)

MAIN EXPORTER (January 2024)Dover Eurotunnel£28.2M

MAIN DESTINATION (January 2024)Germany£21.1M

This section shows Electrical Transformers'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 Electrical Transformers over time.

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