Overview: In June 2020 United Kingdom's Electric Furnaces exports accounted up to £8.21M and imports accounted up to £3.99M, resulting in a positive trade balance of £4.22M. Between June 2019 and June 2020 the exports of United Kingdom's Electric Furnaces have decreased by £-1.13M (-12.1%) from £9.35M to £8.21M, while imports decreased by £-906k (-18.5%) from £4.89M to £3.99M.
Destinations: In June 2020 Electric Furnaces exported mostly to South Korea (£1.39M), Russia (£1.38M), Germany (£1.28M), United States (£879k), and Italy (£651k), and imported mostly from United States (£1.63M), Thailand (£442k), Norway (£336k), China (£329k), and Italy (£314k).
Growth: In June 2020, the decrease in Electric Furnaces's year-by-year exports was explained primarily by a decrease in exports to Germany (£-1.73M or -75.7%), South Korea (£-1.27M or -96.8%), and Canada (£-1.1M or -92.3%). In June 2020, the decrease in Electric Furnaces's year-by-year imports was explained primarily by a decrease in imports from Thailand (£-648k or -83.5%), United States (£-563k or -57.9%), and Netherlands (£-435k or -95.7%).