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2023
Exports $125MWorld Rnk 18 / 149
Flag Rnk 352 / 1216
2023
Destination $3.77M United States
2022 - 2023
FASTEST GROWING MARKET $3.77MBelgium
2023
PRODUCT COMPLEXITY IN Carboxylic Acids0.81Rnk 249 / 1025
2023
Imports $285MWorld Rnk 12 / 211
Flag Rnk 357 / 1214
2023
Origin $7.05M Germany
2022 - 2023
FASTEST GROWING ORIGIN $7.05MIndia
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $125M in Carboxylic Acids, making it the 18th largest exporter of Carboxylic Acids in the world. At the same year, Carboxylic Acids was the 352nd most exported product in United Kingdom. The main destination of Carboxylic Acids exports from United Kingdom are: United States ($40.9M), Netherlands ($21.3M), Canada ($10.3M), Australia ($8.4M), and Belgium ($4.68M).

The fastest growing export markets for Carboxylic Acids of United Kingdom between 2022 and 2023 were Belgium ($3.77M), Netherlands ($1.23M), and Canada ($1.17M).

Imports In 2023, United Kingdom imported $285M in Carboxylic Acids, becoming the 12th largest importer of Carboxylic Acids in the world. At the same year, Carboxylic Acids was the 357th most imported product in United Kingdom. United Kingdom imports Carboxylic Acids primarily from: Germany ($66.6M), China ($59.1M), Austria ($29.7M), India ($26.4M), and Belgium ($25.5M).

The fastest growing import markets in Carboxylic Acids for United Kingdom between 2022 and 2023 were India ($7.05M), Austria ($2.04M), and Israel ($1.28M).

COMPANIES In 2023, leading companies such as Busa Distribution Center (3) and Givaudan Fragrances (1) were at the forefront of shipping Carboxylic Acids from United Kingdom to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Carboxylic Acids exports accounted up to £4.45M and imports accounted up to £16M, resulting in a negative trade balance of £11.6M. Between November 2023 and November 2024 the exports of United Kingdom's   Carboxylic Acids have decreased by £-2.39M (-34.9%) from £6.84M to £4.45M, while imports decreased by £-740k (-4.42%) from £16.8M to £16M.

Destinations In November 2024, Carboxylic Acids were exported mostly to Belgium (£987k), Australia (£858k), Netherlands (£771k), United States (£346k), and Canada (£289k), and were imported mostly from India (£3.85M), China (£3.21M), Netherlands (£3.17M), Belgium (£1.02M), and Austria (£954k).

Growth In November 2024, the decrease in Carboxylic Acids's year-by-year exports was explained primarily by a decrease in exports to Australia (£-1.61M or -82.7%), United States (£-1.51M or -37.4%), and Netherlands (£-573k or -39.1%). In November 2024, the decrease in Carboxylic Acids's year-by-year imports was explained primarily by a decrease in imports from China (£-1.96M or -39.1%), India (£-1.79M or -82.2%), and United States (£-993k or -80.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£-2.39M(-34.9%)
IMPORT GROWTH (November 2023 - November 2024)£-740k(-4.42%)
MAIN EXPORTER (November 2024)Liverpool£2.66M
MAIN DESTINATION (November 2024)Belgium£987k

This section shows Carboxylic Acids'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 Carboxylic Acids over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$125M
IMPORTS (2023)$285M
NET TRADE (2023)-$159M

In 2023, United Kingdom exported $125M in Carboxylic Acids. The main destinations of United Kingdom exports on Carboxylic Acids were United States ($40.9M), Netherlands ($21.3M), Canada ($10.3M), Australia ($8.4M), and Belgium ($4.68M).

In 2023, United Kingdom imported $285M in Carboxylic Acids, mainly from Germany ($66.6M), China ($59.1M), Austria ($29.7M), India ($26.4M), and Belgium ($25.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Carboxylic Acids EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Belgium$3.77M (413%)
Netherlands$1.23M (6.12%)
Canada$1.17M (12.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Carboxylic Acids BY United Kingdom WERE (2022 - 2023):
United States-$9.69M (-19.1%)
Australia-$6.75M (-44.6%)
Germany-$4.78M (-63.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Carboxylic Acids were:
China $3.46B
India $879M
Germany $667M
In 2023, United Kingdom's main importing competitors in Carboxylic Acids were:
United States $1.56B
Germany $763M
India $557M

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Trade Value of Carboxylic Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.51M
TOP IMPORT POTENTIALChina+ $26.9M

Carboxylic Acids’s highest export potential is United States. With an export gap of $7.51M.   Carboxylic Acids’s highest import potential is China with an import gap of $26.9M.

See methodology.

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