Paintings in United Kingdom

EXPORTS (2018): $4.06B, World Rnk 2 / 171
Flag Rnk 15 / 1215

TOP DESTINATION (2018): $2.36B, United States

FASTEST GROWING IN MARKET (2017 - 2018): $1.08B, United States

IMPORTS (2018): $1.78B, World Rnk 4 / 195
Flag Rnk 72 / 1212

TOP ORIGIN (2018): $864M, United States

FASTEST GROWING ORIGIN (2017 - 2018): $284M, United States

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

PRODUCT COMPLEXITY  IN Paintings (2018): 1, Rnk 173 / 1018

Exports: In 2018, United Kingdom exported $4.06B in Paintings, making it the 2nd largest exporter of Paintings in the world. At the same year, Paintings was the 15th most exported product in United Kingdom. The main destination of Paintings exports from United Kingdom are: United States ($2.36B), Hong Kong ($666M), Switzerland ($402M), United Arab Emirates ($91.8M), and France ($84.9M).

The fastest growing export markets for Paintings of United Kingdom between 2017 and 2018 were United States ($1.08B), Hong Kong ($369M), and Switzerland ($250M).

Imports: In 2018, United Kingdom imported $1.78B in Paintings, becoming the 4th largest importer of Paintings in the world. At the same year, Paintings was the 72nd most imported product in United Kingdom. United Kingdom imports Paintings primarily from: United States ($864M), Switzerland ($399M), France ($108M), Hong Kong ($86.5M), and Germany ($55.1M).

The fastest growing import markets in Paintings for United Kingdom between 2017 and 2018 were United States ($284M), Hong Kong ($57.2M), and Brazil ($29.2M).

Overview: In May 2020 United Kingdom's Paintings exports accounted up to £216M and imports accounted up to £15.1M, resulting in a positive trade balance of £201M. Between May 2019 and May 2020 the exports of United Kingdom's   Paintings have decreased by £-405M (-65.2%) from £622M to £216M, while imports decreased by £-381M (-96.2%) from £396M to £15.1M.

Destinations: In May 2020 Paintings exported mostly to Bermuda (£113M), Hong Kong (£73.3M), United States (£16.7M), Switzerland (£10.2M), and Singapore (£573k), and imported mostly from United States (£6.25M), Germany (£4.31M), Switzerland (£1.19M), Gibraltar (£495k), and Singapore (£411k).

Growth: In May 2020, the decrease in Paintings's year-by-year exports was explained primarily by a decrease in exports to United States (£-417M or -96.2%), Switzerland (£-50.4M or -83.2%), and Norway (£-9.68M or -98.7%). In May 2020, the decrease in Paintings's year-by-year imports was explained primarily by a decrease in imports from Russia (£-171M or -100%), United States (£-117M or -94.9%), and Switzerland (£-70.4M or -98.3%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (May 2019 - May 2020): £-405M, (-65.2%)

IMPORT GROWTH (May 2019 - May 2020): £-381M, (-96.2%)

MAIN EXPORTER (May 2020): London Heathrow Airport, £203M

MAIN DESTINATION (May 2020): Bermuda, £113M

This section shows Paintings'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 Paintings over time.

Value

EXPORTS (2018): $4.06B

IMPORTS (2018): $1.78B

NET TRADE (2018): $2.28B

In 2018, United Kingdom exported $4.06B in Paintings. The main destinations of United Kingdom exports on Paintings were United States ($2.36B), Hong Kong ($666M), Switzerland ($402M), United Arab Emirates ($91.8M), and France ($84.9M).

In 2018, United Kingdom imported $1.78B in Paintings, mainly from United States ($864M), Switzerland ($399M), France ($108M), Hong Kong ($86.5M), and Germany ($55.1M).

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

  • United States, $1.5B ($2.36B - $864M)
  • Hong Kong, $579M ($666M - $86.5M)
  • United Arab Emirates, $86.7M ($91.8M - $5.06M)

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

  • Germany, -$32.8M ($22.3M - $55.1M)
  • Philippines, -$23.7M ($251k - $23.9M)
  • France, -$22.8M ($84.9M - $108M)
Flow

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

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paintings 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 Paintings were:

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

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Paintings 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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