Hard Liquor in United Kingdom

EXPORTS (2018): $8.11B, World Rnk 1 / 177
Flag Rnk 8 / 1215

TOP DESTINATION (2018): $1.91B, United States

FASTEST GROWING MARKET (2017 - 2018): $85M, Spain

IMPORTS (2018): $1.07B, World Rnk 7 / 219
Flag Rnk 121 / 1212

TOP ORIGIN (2018): $250M, France

FASTEST GROWING ORIGIN (2017 - 2018): $61.2M, Italy

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

PRODUCT COMPLEXITY  IN Hard Liquor (2018): -0.52, Rnk 703 / 1018

Overview: This page contains the latest trade data of Hard Liquor in United Kingdom.

Exports: In 2018, United Kingdom exported $8.11B in Hard Liquor, making it the 1st largest exporter of Hard Liquor in the world. At the same year, Hard Liquor was the 8th most exported product in United Kingdom. The main destination of Hard Liquor exports from United Kingdom are: United States ($1.91B), France ($686M), Singapore ($479M), Germany ($379M), and Spain ($360M).

The fastest growing export markets for Hard Liquor of United Kingdom between 2017 and 2018 were Spain ($85M), Latvia ($73.9M), and Chinese Taipei ($65.7M).

Imports: In 2018, United Kingdom imported $1.07B in Hard Liquor, becoming the 7th largest importer of Hard Liquor in the world. At the same year, Hard Liquor was the 121st most imported product in United Kingdom. United Kingdom imports Hard Liquor primarily from: France ($250M), United States ($198M), Italy ($131M), Germany ($92.4M), and Ireland ($88.1M).

The fastest growing import markets in Hard Liquor for United Kingdom between 2017 and 2018 were Italy ($61.2M), Ireland ($19.2M), and Mexico ($8.34M).

Overview: In June 2020 United Kingdom's Hard Liquor exports accounted up to £276M and imports accounted up to £60M, resulting in a positive trade balance of £216M. Between June 2019 and June 2020 the exports of United Kingdom's   Hard Liquor have decreased by £-174M (-38.7%) from £450M to £276M, while imports increased by £3.3M (5.82%) from £56.7M to £60M.

Destinations: In June 2020 Hard Liquor exported mostly to United States (£68.8M), France (£31.9M), Latvia (£14.4M), Australia (£13.7M), and Taiwan (£11.4M), and imported mostly from France (£12.1M), Italy (£9.67M), Ireland (£7.91M), Russia (£6.51M), and United States (£6.18M).

Growth: In June 2020, the decrease in Hard Liquor's year-by-year exports was explained primarily by a decrease in exports to United States (£-71.2M or -57.7%), Spain (£-20.1M or -80.6%), and Singapore (£-14.7M or -66.5%). In June 2020, the increase in Hard Liquor's year-by-year imports was explained primarily by an increase in imports from Guatemala (£885k or 128%), India (£433k or 5.1k%), and Mexico (£285k or 11.8%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (June 2019 - June 2020): £-174M, (-38.7%)

IMPORT GROWTH (June 2019 - June 2020): £3.3M, (5.82%)

MAIN EXPORTER (June 2020): Grangemouth, £17.2M

MAIN DESTINATION (June 2020): United States, £68.8M

This section shows Hard Liquor'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 Hard Liquor over time.

Value

EXPORTS (2018): $8.11B

IMPORTS (2018): $1.07B

NET TRADE (2018): $7.04B

In 2018, United Kingdom exported $8.11B in Hard Liquor. The main destinations of United Kingdom exports on Hard Liquor were United States ($1.91B), France ($686M), Singapore ($479M), Germany ($379M), and Spain ($360M).

In 2018, United Kingdom imported $1.07B in Hard Liquor, mainly from France ($250M), United States ($198M), Italy ($131M), Germany ($92.4M), and Ireland ($88.1M).

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

  • United States, $1.72B ($1.91B - $198M)
  • Singapore, $479M ($479M - $393k)
  • France, $436M ($686M - $250M)

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

  • Guyana, -$11.1M ($77.9k - $11.2M)
  • Guatemala, -$8.28M ($5.54M - $13.8M)
  • Jamaica, -$5.24M ($127k - $5.37M)
Flow

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

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hard Liquor 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 Hard Liquor were:

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

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Hard Liquor 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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