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2023
Exports $2.66BWorld Rnk 6 / 215
Flag Rnk 26 / 1216
2023
Destination $74.4M United States
2022 - 2023
FASTEST GROWING MARKET $74.4MUnited States
2023
PRODUCT COMPLEXITY IN Chemical Analysis Instruments1.72Rnk 22 / 1025
2023
Imports $1.93BWorld Rnk 6 / 225
Flag Rnk 69 / 1214
2023
Origin $39.2M United States
2022 - 2023
FASTEST GROWING ORIGIN $39.2MUnited States
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $2.66B in Chemical Analysis Instruments, making it the 6th largest exporter of Chemical Analysis Instruments in the world. At the same year, Chemical Analysis Instruments was the 26th most exported product in United Kingdom. The main destination of Chemical Analysis Instruments exports from United Kingdom are: United States ($642M), China ($396M), Germany ($222M), Netherlands ($111M), and Ireland ($94.1M).

The fastest growing export markets for Chemical Analysis Instruments of United Kingdom between 2022 and 2023 were United States ($74.4M), China ($34.2M), and Germany ($27.5M).

Imports In 2023, United Kingdom imported $1.93B in Chemical Analysis Instruments, becoming the 6th largest importer of Chemical Analysis Instruments in the world. At the same year, Chemical Analysis Instruments was the 69th most imported product in United Kingdom. United Kingdom imports Chemical Analysis Instruments primarily from: United States ($571M), Germany ($339M), China ($144M), Japan ($112M), and Singapore ($75M).

The fastest growing import markets in Chemical Analysis Instruments for United Kingdom between 2022 and 2023 were United States ($39.2M), Germany ($36.2M), and Netherlands ($19.9M).

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Chemical Analysis Instruments exports accounted up to £197M and imports accounted up to £122M, resulting in a positive trade balance of £75.5M. Between November 2023 and November 2024 the exports of United Kingdom's   Chemical Analysis Instruments have increased by £2.21M (1.13%) from £195M to £197M, while imports decreased by £-7.79M (-6%) from £130M to £122M.

Destinations In November 2024, Chemical Analysis Instruments were exported mostly to United States (£45.5M), Germany (£22.5M), China (£18.7M), South Korea (£8.49M), and France (£8.04M), and were imported mostly from Germany (£32.9M), United States (£28M), Netherlands (£13.1M), France (£6.34M), and China (£5.8M).

Growth In November 2024, the increase in Chemical Analysis Instruments's year-by-year exports was explained primarily by an increase in exports to United States (£5.13M or 14.6%), China (£4.28M or 27.9%), and Germany (£4.27M or 37.9%). In November 2024, the decrease in Chemical Analysis Instruments's year-by-year imports was explained primarily by a decrease in imports from Austria (£-5.29M or -83.9%), Netherlands (£-2.76M or -12.1%), and Denmark (£-406k or -23%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£2.21M(1.13%)
IMPORT GROWTH (November 2023 - November 2024)£-7.79M(-6%)
MAIN EXPORTER (November 2024)London Heathrow Airport£203M
MAIN DESTINATION (November 2024)United States£45.5M

This section shows Chemical Analysis Instruments'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 Chemical Analysis Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.66B
IMPORTS (2023)$1.93B
NET TRADE (2023)$733M

In 2023, United Kingdom exported $2.66B in Chemical Analysis Instruments. The main destinations of United Kingdom exports on Chemical Analysis Instruments were United States ($642M), China ($396M), Germany ($222M), Netherlands ($111M), and Ireland ($94.1M).

In 2023, United Kingdom imported $1.93B in Chemical Analysis Instruments, mainly from United States ($571M), Germany ($339M), China ($144M), Japan ($112M), and Singapore ($75M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chemical Analysis Instruments EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
United States$74.4M (13.1%)
China$34.2M (9.46%)
Germany$27.5M (14.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Analysis Instruments BY United Kingdom WERE (2022 - 2023):
South Korea-$33.9M (-30.8%)
Japan-$21.9M (-23.9%)
Israel-$6.78M (-46.5%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Chemical Analysis Instruments were:
United States $11.5B
Germany $8.68B
Japan $5.69B
In 2023, United Kingdom's main importing competitors in Chemical Analysis Instruments were:
China $8.13B
United States $7.89B
Germany $4.72B

Explore Visualizations

Trade Value of Chemical Analysis Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $98.1M
TOP IMPORT POTENTIALGermany+ $86.5M

Chemical Analysis Instruments’s highest export potential is China. With an export gap of $98.1M.   Chemical Analysis Instruments’s highest import potential is Germany with an import gap of $86.5M.

See methodology.

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