Balances in United Kingdom 2021 Exports | Imports : $3.74M | $13.6M, World Rnk 11 / 124 Rnk 1002 / 1216 | World Rnk 9 / 200 Rnk 967 / 1213
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $337k | $2.34M, Germany | Germany
2021 ECONOMIC COMPLEXITY of United Kingdom: 1.43, Rnk 11 / 131
Exports In 2021, United Kingdom exported $3.74M in Balances, making it the 11th largest exporter of Balances in the world. At the same year, Balances was the 1002nd most exported product in United Kingdom. The main destination of Balances exports from United Kingdom are: Germany ($626k), Ireland ($434k), United States ($354k), Netherlands ($248k), and India ($197k).
The fastest growing export markets for Balances of United Kingdom between 2020 and 2021 were Germany ($337k), Belarus ($124k), and India ($113k).
Imports In 2021, United Kingdom imported $13.6M in Balances, becoming the 9th largest importer of Balances in the world. At the same year, Balances was the 967th most imported product in United Kingdom. United Kingdom imports Balances primarily from: Germany ($5.71M), Netherlands ($4.54M), United States ($755k), Japan ($623k), and China ($445k).
The fastest growing import markets in Balances for United Kingdom between 2020 and 2021 were Germany ($2.34M), Netherlands ($1.66M), and Italy ($136k).
January 2023
Overview In January 2023 United Kingdom's Balances exports accounted up to £310k and imports accounted up to £2.54M, resulting in a negative trade balance of £2.23M. Between January 2022 and January 2023 the exports of United Kingdom's Balances have increased by £196k (173%) from £114k to £310k, while imports increased by £1.44M (132%) from £1.1M to £2.54M.
Destinations In January 2023, Balances were exported mostly to Netherlands (£155k), Germany (£57.8k), United States (£8.44k), Malta (£8.23k), and Uzbekistan (£7.44k), and were imported mostly from Netherlands (£1.62M), Germany (£756k), South Korea (£51.6k), Turkey (£22.2k), and Japan (£22k).
Growth In January 2023, the increase in Balances's year-by-year exports was explained primarily by an increase in exports to Netherlands (£22.4k or 757%), Switzerland (£4.86k or 428%), and Portugal (£945 or 28.5%). In January 2023, the increase in Balances's year-by-year imports was explained primarily by an increase in imports from Netherlands (£532k or 320%), Germany (£134k or 115%), and China (£39.7k or 660%).
EXPORT GROWTH (January 2022 - January 2023): £196k, (173%)
IMPORT GROWTH (January 2022 - January 2023): £1.44M, (132%)
MAIN EXPORTER (January 2023): Dover Eurotunnel, £133k
MAIN DESTINATION (January 2023): Netherlands, £155k
This section shows Balances'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 Balances over time.
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EXPORTS (2021): $3.74M
IMPORTS (2021): $13.6M
NET TRADE (2021): -$9.86M
In 2021, United Kingdom exported $3.74M in Balances. The main destinations of United Kingdom exports on Balances were Germany ($626k), Ireland ($434k), United States ($354k), Netherlands ($248k), and India ($197k).
In 2021, United Kingdom imported $13.6M in Balances, mainly from Germany ($5.71M), Netherlands ($4.54M), United States ($755k), Japan ($623k), and China ($445k).
THE FASTEST GROWING Balances EXPORT MARKETS FOR United Kingdom WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Balances BY United Kingdom WERE (2020 - 2021):
In 2021, United Kingdom's main exporting competitors in Balances were:
In 2021, United Kingdom's main importing competitors in Balances were:
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