Inedible Fats and Oils in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $315M in Inedible Fats and Oils, making it the 8th largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 196th most exported product in United Kingdom. The main destination of Inedible Fats and Oils exports from United Kingdom are: Netherlands ($234M), Belgium ($28.7M), Finland ($16.3M), Sweden ($5.89M), and France ($5.86M).

The fastest growing export markets for Inedible Fats and Oils of United Kingdom between 2021 and 2022 were Netherlands ($138M), Belgium ($9.6M), and Sweden ($5.57M).

Imports In 2022, United Kingdom imported $286M in Inedible Fats and Oils, becoming the 9th largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 366th most imported product in United Kingdom. United Kingdom imports Inedible Fats and Oils primarily from: Malaysia ($151M), Netherlands ($36.1M), China ($35.9M), United States ($16.8M), and Egypt ($6.9M).

The fastest growing import markets in Inedible Fats and Oils for United Kingdom between 2021 and 2022 were Malaysia ($81.7M), China ($29M), and Egypt ($3.31M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Inedible Fats and Oils from United Kingdom to the United States.

Latest Trends

January 2024

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Overview In January 2024 United Kingdom's Inedible Fats and Oils exports accounted up to £20.4M and imports accounted up to £17.9M, resulting in a positive trade balance of £2.56M. Between January 2023 and January 2024 the exports of United Kingdom's Inedible Fats and Oils have increased by £6.05M (42%) from £14.4M to £20.4M, while imports decreased by £-16.9M (-48.6%) from £34.8M to £17.9M.

Destinations In January 2024, Inedible Fats and Oils were exported mostly to Netherlands (£7.55M), Spain (£4.19M), Norway (£4.06M), Belgium (£3.74M), and France (£285k), and were imported mostly from Netherlands (£9.05M), Malaysia (£5.01M), Saudi Arabia (£919k), Chile (£513k), and Egypt (£411k).

Growth In January 2024, the increase in Inedible Fats and Oils's year-by-year exports was explained primarily by an increase in exports to Ireland (£353k or 651%), Poland (£149k or 104%), and Sweden (£27k or 693%). In January 2024, the decrease in Inedible Fats and Oils's year-by-year imports was explained primarily by a decrease in imports from United States (£-17.4M or -99.9%), Egypt (£-653k or -86.4%), and France (£-21.6k or -81.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£6.05M(42%)

IMPORT GROWTH (January 2023 - January 2024)£-16.9M(-48.6%)

MAIN EXPORTER (January 2024)Liverpool£8.39M

MAIN DESTINATION (January 2024)Netherlands£7.55M

This section shows Inedible Fats and Oils'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 Inedible Fats and Oils over time.

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