Nitrile Compounds in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $115M in Nitrile Compounds, making it the 11th largest exporter of Nitrile Compounds in the world. At the same year, Nitrile Compounds was the 377th most exported product in United Kingdom. The main destination of Nitrile Compounds exports from United Kingdom are: United States ($23.6M), Brazil ($23.1M), Belgium ($19.8M), Finland ($18.3M), and Netherlands ($6.15M).

The fastest growing export markets for Nitrile Compounds of United Kingdom between 2021 and 2022 were Brazil ($6.61M), Finland ($6.22M), and Belgium ($3.76M).

Imports In 2022, United Kingdom imported $110M in Nitrile Compounds, becoming the 14th largest importer of Nitrile Compounds in the world. At the same year, Nitrile Compounds was the 573rd most imported product in United Kingdom. United Kingdom imports Nitrile Compounds primarily from: China ($34.6M), South Korea ($24.6M), United States ($14.5M), Netherlands ($13M), and Germany ($8.39M).

The fastest growing import markets in Nitrile Compounds for United Kingdom between 2021 and 2022 were South Korea ($24.6M), United States ($10.5M), and Belgium ($4.82M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Nitrile Compounds from United Kingdom to the United States.

Latest Trends

January 2024

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Overview In January 2024 United Kingdom's Nitrile Compounds exports accounted up to £3.31M and imports accounted up to £7.03M, resulting in a negative trade balance of £3.72M. Between January 2023 and January 2024 the exports of United Kingdom's Nitrile Compounds have decreased by £-5.54M (-62.6%) from £8.86M to £3.31M, while imports decreased by £-3.63M (-34.1%) from £10.7M to £7.03M.

Destinations In January 2024, Nitrile Compounds were exported mostly to Finland (£1.06M), Belgium (£660k), Netherlands (£528k), Switzerland (£287k), and Bangladesh (£226k), and were imported mostly from Netherlands (£3.08M), United States (£2.71M), China (£446k), Hong Kong (£183k), and Belgium (£129k).

Growth In January 2024, the decrease in Nitrile Compounds's year-by-year exports was explained primarily by a decrease in exports to Brazil (£-4.42M or -81.6%), Mexico (£-1.21M or -99.9%), and Netherlands (£-891k or -64.8%). In January 2024, the decrease in Nitrile Compounds's year-by-year imports was explained primarily by a decrease in imports from China (£-2.99M or -84.9%), Netherlands (£-2.52M or -28%), and India (£-94.9k or -89.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-5.54M(-62.6%)

IMPORT GROWTH (January 2023 - January 2024)£-3.63M(-34.1%)

MAIN EXPORTER (January 2024)London£1.39M

MAIN DESTINATION (January 2024)Finland£1.06M

This section shows Nitrile Compounds'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 Nitrile Compounds over time.

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