Flat Flat-Rolled Steel in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $724M in Flat Flat-Rolled Steel, making it the 15th largest exporter of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 104th most exported product in United Kingdom. The main destination of Flat Flat-Rolled Steel exports from United Kingdom are: Netherlands ($182M), Belgium ($107M), Spain ($83.6M), United States ($79.5M), and France ($51.4M).

The fastest growing export markets for Flat Flat-Rolled Steel of United Kingdom between 2021 and 2022 were United States ($63M), Turkey ($26.3M), and Belgium ($22.3M).

Imports In 2022, United Kingdom imported $444M in Flat Flat-Rolled Steel, becoming the 23rd largest importer of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 280th most imported product in United Kingdom. United Kingdom imports Flat Flat-Rolled Steel primarily from: Belgium ($101M), France ($73.1M), Germany ($60.2M), Sweden ($58M), and Austria ($37M).

The fastest growing import markets in Flat Flat-Rolled Steel for United Kingdom between 2021 and 2022 were Japan ($8.71M), Sweden ($5.93M), and Austria ($4.98M).

Latest Trends

February 2024

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Overview In February 2024 United Kingdom's Flat Flat-Rolled Steel exports accounted up to £37.1M and imports accounted up to £29.5M, resulting in a positive trade balance of £7.58M. Between February 2023 and February 2024 the exports of United Kingdom's Flat Flat-Rolled Steel have decreased by £-463k (-1.23%) from £37.6M to £37.1M, while imports increased by £355k (1.22%) from £29.2M to £29.5M.

Destinations In February 2024, Flat Flat-Rolled Steel were exported mostly to Netherlands (£11M), Spain (£6.74M), Belgium (£6.37M), France (£3.38M), and Ireland (£2.65M), and were imported mostly from France (£8.19M), Netherlands (£5.65M), Belgium (£4.44M), Sweden (£4.41M), and Austria (£2.62M).

Growth In February 2024, the decrease in Flat Flat-Rolled Steel's year-by-year exports was explained primarily by a decrease in exports to Netherlands (£-6.41M or -62.1%), Belgium (£-4.67M or -78.4%), and Turkey (£-2.49M or -58.6%). In February 2024, the increase in Flat Flat-Rolled Steel's year-by-year imports was explained primarily by an increase in imports from France (£2.54M or 54%), Sweden (£1.34M or 40.6%), and Netherlands (£294k or 9.52%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£-463k(-1.23%)

IMPORT GROWTH (February 2023 - February 2024)£355k(1.22%)

MAIN EXPORTER (February 2024)Newport- Gwent£17.9M

MAIN DESTINATION (February 2024)Netherlands£11M

This section shows Flat Flat-Rolled Steel'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 Flat Flat-Rolled Steel over time.

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