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2022
Exports $7.17MWorld Rnk 11 / 104
Flag Rnk 905 / 1216
2022
Destination $665k Japan
2021 - 2022
FASTEST GROWING MARKET $665kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Wood Barrels0.13Rnk 510 / 1025
2022
Imports $194MWorld Rnk 2 / 188
Flag Rnk 457 / 1214
2022
Origin $27.9M Spain
2021 - 2022
FASTEST GROWING ORIGIN $27.9MUnited States
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $7.17M in Wood Barrels, making it the 11th largest exporter of Wood Barrels in the world. At the same year, Wood Barrels was the 905th most exported product in United Kingdom. The main destination of Wood Barrels exports from United Kingdom are: Japan ($2.15M), Spain ($1.04M), United Kingdom ($665k), Ireland ($625k), and Germany ($492k).

The fastest growing export markets for Wood Barrels of United Kingdom between 2021 and 2022 were United Kingdom ($665k), Netherlands ($209k), and Spain ($105k).

Imports In 2022, United Kingdom imported $194M in Wood Barrels, becoming the 2nd largest importer of Wood Barrels in the world. At the same year, Wood Barrels was the 457th most imported product in United Kingdom. United Kingdom imports Wood Barrels primarily from: Spain ($90.5M), United States ($83.8M), France ($10M), Portugal ($3.26M), and Lithuania ($1.16M).

The fastest growing import markets in Wood Barrels for United Kingdom between 2021 and 2022 were United States ($27.9M), Spain ($15.1M), and France ($5.81M).

COMPANIES In 2023, leading companies such as Ford Motor Company (7) and Diageo Beverages (1) were at the forefront of shipping Wood Barrels from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Wood Barrels exports accounted up to £580k and imports accounted up to £26.2M, resulting in a negative trade balance of £25.6M. Between June 2023 and June 2024 the exports of United Kingdom's   Wood Barrels have increased by £155k (36.7%) from £424k to £580k, while imports increased by £5.66M (27.6%) from £20.5M to £26.2M.

Destinations In June 2024, Wood Barrels were exported mostly to Japan (£189k), Spain (£162k), India (£54.8k), Cuba (£26.1k), and France (£23.1k), and were imported mostly from United States (£13.1M), Spain (£8.3M), Mexico (£2.34M), France (£1.08M), and Portugal (£656k).

Growth In June 2024, the increase in Wood Barrels's year-by-year exports was explained primarily by an increase in exports to Japan (£162k or 258%), Spain (£37.5k or 107%), and Sweden (£12.8k or 622%). In June 2024, the increase in Wood Barrels's year-by-year imports was explained primarily by an increase in imports from United States (£2.24M or 51.7%), France (£821k or 132%), and Portugal (£97.5k or 30%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£155k(36.7%)
IMPORT GROWTH (June 2023 - June 2024)£5.66M(27.6%)
MAIN EXPORTER (June 2024)Grangemouth£251k
MAIN DESTINATION (June 2024)Japan£189k

This section shows Wood Barrels'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 Wood Barrels over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.17M
IMPORTS (2022)$194M
NET TRADE (2022)-$186M

In 2022, United Kingdom exported $7.17M in Wood Barrels. The main destinations of United Kingdom exports on Wood Barrels were Japan ($2.15M), Spain ($1.04M), United Kingdom ($665k), Ireland ($625k), and Germany ($492k).

In 2022, United Kingdom imported $194M in Wood Barrels, mainly from Spain ($90.5M), United States ($83.8M), France ($10M), Portugal ($3.26M), and Lithuania ($1.16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Barrels EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United Kingdom$665k (1%)
Netherlands$209k (82.2%)
Spain$105k (11.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Barrels BY United Kingdom WERE (2021 - 2022):
Japan-$730k (-25.3%)
Cuba-$331k (-88%)
Barbados-$177k (-87.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Wood Barrels were:
France $530M
United States $318M
Spain $144M
In 2022, United Kingdom's main importing competitors in Wood Barrels were:
United States $278M
Spain $90.8M

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Trade Value of Wood Barrels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $400k
TOP IMPORT POTENTIALFrance+ $6.38M

Wood Barrels’s highest export potential is United States. With an export gap of $400k.   Wood Barrels’s highest import potential is France with an import gap of $6.38M.

See methodology.

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