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2023
Exports $62.5MWorld Rnk 7 / 196
Flag Rnk 480 / 1216
2023
Destination $1.12M United States
2022 - 2023
FASTEST GROWING MARKET $1.12MJapan
2023
PRODUCT COMPLEXITY IN Drafting Tools1.84Rnk 11 / 1025
2023
Imports $63.7MWorld Rnk 10 / 222
Flag Rnk 685 / 1214
2023
Origin $431k China
2022 - 2023
FASTEST GROWING ORIGIN $431kSwitzerland
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $62.5M in Drafting Tools, making it the 7th largest exporter of Drafting Tools in the world. At the same year, Drafting Tools was the 480th most exported product in United Kingdom. The main destination of Drafting Tools exports from United Kingdom are: United States ($8.32M), Germany ($6.82M), Singapore ($4.06M), Ireland ($3.35M), and Austria ($2.96M).

The fastest growing export markets for Drafting Tools of United Kingdom between 2022 and 2023 were Japan ($1.12M), United Arab Emirates ($860k), and Turkey ($781k).

Imports In 2023, United Kingdom imported $63.7M in Drafting Tools, becoming the 10th largest importer of Drafting Tools in the world. At the same year, Drafting Tools was the 685th most imported product in United Kingdom. United Kingdom imports Drafting Tools primarily from: China ($26.6M), United States ($7.2M), Thailand ($6.32M), Japan ($6.01M), and Germany ($5.17M).

The fastest growing import markets in Drafting Tools for United Kingdom between 2022 and 2023 were Switzerland ($431k), France ($230k), and Norway ($212k).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Drafting Tools from United Kingdom to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Drafting Tools exports accounted up to £4.45M and imports accounted up to £4.41M, resulting in a positive trade balance of £35k. Between November 2023 and November 2024 the exports of United Kingdom's   Drafting Tools have decreased by £-294k (-6.2%) from £4.74M to £4.45M, while imports increased by £588k (15.4%) from £3.82M to £4.41M.

Destinations In November 2024, Drafting Tools were exported mostly to United States (£603k), Sweden (£338k), Germany (£312k), Austria (£308k), and Singapore (£277k), and were imported mostly from China (£1.59M), Germany (£775k), Thailand (£640k), United States (£316k), and Netherlands (£162k).

Growth In November 2024, the decrease in Drafting Tools's year-by-year exports was explained primarily by a decrease in exports to Singapore (£-113k or -34.4%), Germany (£-56.9k or -14.4%), and Sweden (£-49.4k or -41.2%). In November 2024, the increase in Drafting Tools's year-by-year imports was explained primarily by an increase in imports from France (£289k or 269%), United States (£148k or 46.6%), and Netherlands (£137k or 51.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£-294k(-6.2%)
IMPORT GROWTH (November 2023 - November 2024)£588k(15.4%)
MAIN EXPORTER (November 2024)East Midlands Airport£1.73M
MAIN DESTINATION (November 2024)United States£603k

This section shows Drafting Tools'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 Drafting Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$62.5M
IMPORTS (2023)$63.7M
NET TRADE (2023)-$1.12M

In 2023, United Kingdom exported $62.5M in Drafting Tools. The main destinations of United Kingdom exports on Drafting Tools were United States ($8.32M), Germany ($6.82M), Singapore ($4.06M), Ireland ($3.35M), and Austria ($2.96M).

In 2023, United Kingdom imported $63.7M in Drafting Tools, mainly from China ($26.6M), United States ($7.2M), Thailand ($6.32M), Japan ($6.01M), and Germany ($5.17M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Drafting Tools EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Japan$1.12M (140%)
United Arab Emirates$860k (60.9%)
Turkey$781k (43%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drafting Tools BY United Kingdom WERE (2022 - 2023):
United States-$1.14M (-12%)
South Korea-$470k (-27.7%)
Australia-$425k (-29.2%)
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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 Drafting Tools were:
China $996M
Japan $298M
Germany $203M
In 2023, United Kingdom's main importing competitors in Drafting Tools were:
United States $367M
Germany $181M
France $93.1M

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Trade Value of Drafting Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.47M
TOP IMPORT POTENTIALChina+ $3M

Drafting Tools’s highest export potential is United States. With an export gap of $2.47M.   Drafting Tools’s highest import potential is China with an import gap of $3M.

See methodology.

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