Electric Furnaces in United Kingdom

EXPORTS (2018): $169M, World Rnk 8 / 134
Flag Rnk 314 / 1215

TOP DESTINATION (2018): $31.7M, United States

FASTEST GROWING IN MARKET (2017 - 2018): $11M, Germany

IMPORTS (2018): $107M, World Rnk 14 / 200
Flag Rnk 557 / 1212

TOP ORIGIN (2018): $18.7M, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $9.58M, Japan

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

PRODUCT COMPLEXITY  IN Electric Furnaces (2018): 1.55, Rnk 41 / 1018

Exports: In 2018, United Kingdom exported $169M in Electric Furnaces, making it the 8th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 314th most exported product in United Kingdom. The main destination of Electric Furnaces exports from United Kingdom are: United States ($31.7M), Germany ($25.4M), Canada ($11.6M), China ($8.7M), and France ($8.23M).

The fastest growing export markets for Electric Furnaces of United Kingdom between 2017 and 2018 were Germany ($11M), Canada ($8.24M), and France ($4.46M).

Imports: In 2018, United Kingdom imported $107M in Electric Furnaces, becoming the 14th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 557th most imported product in United Kingdom. United Kingdom imports Electric Furnaces primarily from: Germany ($18.7M), Italy ($17.2M), United States ($17.2M), Japan ($14.5M), and China ($6.02M).

The fastest growing import markets in Electric Furnaces for United Kingdom between 2017 and 2018 were Japan ($9.58M), Italy ($5.3M), and Germany ($4.2M).

Overview: In May 2020 United Kingdom's Electric Furnaces exports accounted up to £5.17M and imports accounted up to £2.05M, resulting in a positive trade balance of £3.13M. Between May 2019 and May 2020 the exports of United Kingdom's   Electric Furnaces have decreased by £-5.15M (-49.9%) from £10.3M to £5.17M, while imports decreased by £-2.93M (-58.9%) from £4.98M to £2.05M.

Destinations: In May 2020 Electric Furnaces exported mostly to Indonesia (£1.15M), United States (£741k), India (£560k), Germany (£526k), and Saudi Arabia (£273k), and imported mostly from Germany (£562k), United States (£409k), China (£374k), Japan (£186k), and Thailand (£128k).

Growth: In May 2020, the decrease in Electric Furnaces's year-by-year exports was explained primarily by a decrease in exports to Germany (£-1.76M or -77%), South Korea (£-1.27M or -96.8%), and Canada (£-1.1M or -92.3%). In May 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%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (May 2019 - May 2020): £-5.15M, (-49.9%)

IMPORT GROWTH (May 2019 - May 2020): £-2.93M, (-58.9%)

MAIN EXPORTER (May 2020): Southampton, £1.17M

MAIN DESTINATION (May 2020): Indonesia, £1.15M

This section shows Electric Furnaces'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 Electric Furnaces over time.

Value

EXPORTS (2018): $169M

IMPORTS (2018): $107M

NET TRADE (2018): $62.2M

In 2018, United Kingdom exported $169M in Electric Furnaces. The main destinations of United Kingdom exports on Electric Furnaces were United States ($31.7M), Germany ($25.4M), Canada ($11.6M), China ($8.7M), and France ($8.23M).

In 2018, United Kingdom imported $107M in Electric Furnaces, mainly from Germany ($18.7M), Italy ($17.2M), United States ($17.2M), Japan ($14.5M), and China ($6.02M).

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

  • United States, $14.6M ($31.7M - $17.2M)
  • Canada, $10.3M ($11.6M - $1.28M)
  • Germany, $6.78M ($25.4M - $18.7M)

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

  • Japan, -$13.3M ($1.24M - $14.5M)
  • Italy, -$13.2M ($4M - $17.2M)
  • Malaysia, -$3.99M ($602k - $4.6M)
Flow

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

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

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Market Concentration

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Type

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

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

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Electric Furnaces 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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