Ball Bearings in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $488M in Ball Bearings, making it the 17th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 146th most exported product in United Kingdom. The main destination of Ball Bearings exports from United Kingdom are: Belgium ($72.9M), United States ($69.1M), Germany ($62.7M), Netherlands ($56.4M), and China ($21.3M).

The fastest growing export markets for Ball Bearings of United Kingdom between 2021 and 2022 were Belgium ($49.4M), Singapore ($9.02M), and United Kingdom ($6.2M).

Imports In 2022, United Kingdom imported $561M in Ball Bearings, becoming the 18th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 233rd most imported product in United Kingdom. United Kingdom imports Ball Bearings primarily from: Germany ($129M), United States ($83.8M), China ($53.9M), France ($50.6M), and Japan ($42.8M).

The fastest growing import markets in Ball Bearings for United Kingdom between 2021 and 2022 were United States ($20.3M), China ($10.9M), and United Kingdom ($6.2M).

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

Latest Trends

January 2024

About

Overview In January 2024 United Kingdom's Ball Bearings exports accounted up to £31.8M and imports accounted up to £34.4M, resulting in a negative trade balance of £2.66M. Between January 2023 and January 2024 the exports of United Kingdom's Ball Bearings have increased by £1.94M (6.5%) from £29.8M to £31.8M, while imports decreased by £-4.62M (-11.8%) from £39M to £34.4M.

Destinations In January 2024, Ball Bearings were exported mostly to United States (£5.75M), Belgium (£4.95M), Netherlands (£3.26M), Germany (£2.29M), and China (£1.66M), and were imported mostly from United States (£7.27M), Germany (£7.25M), France (£6.51M), Belgium (£4.29M), and China (£1.5M).

Growth In January 2024, the increase in Ball Bearings's year-by-year exports was explained primarily by an increase in exports to Belgium (£2.41M or 71.2%), Germany (£1.23M or 42.1%), and Italy (£729k or 234%). In January 2024, the decrease in Ball Bearings's year-by-year imports was explained primarily by a decrease in imports from Poland (£-1.55M or -72.6%), China (£-1.51M or -43.9%), and Singapore (£-332k or -71.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£1.94M(6.5%)

IMPORT GROWTH (January 2023 - January 2024)£-4.62M(-11.8%)

MAIN EXPORTER (January 2024)London Heathrow Airport£6.81M

MAIN DESTINATION (January 2024)United States£5.75M

This section shows Ball Bearings'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 Ball Bearings over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$488M

IMPORTS (2022)$561M

NET TRADE (2022)-$72.8M

In 2022, United Kingdom exported $488M in Ball Bearings. The main destinations of United Kingdom exports on Ball Bearings were Belgium ($72.9M), United States ($69.1M), Germany ($62.7M), Netherlands ($56.4M), and China ($21.3M).

In 2022, United Kingdom imported $561M in Ball Bearings, mainly from Germany ($129M), United States ($83.8M), China ($53.9M), France ($50.6M), and Japan ($42.8M).

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