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2022
Exports $29MWorld Rnk 25 / 120
Flag Rnk 663 / 1216
2022
Destination $1.7M Sweden
2021 - 2022
FASTEST GROWING MARKET $1.7MSweden
2022
PRODUCT COMPLEXITY IN Flat-Rolled Stainless Steel1.55Rnk 41 / 1025
2022
Imports $199MWorld Rnk 12 / 198
Flag Rnk 448 / 1214
2022
Origin $15.8M Germany
2021 - 2022
FASTEST GROWING ORIGIN $15.8MUnited States
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $29M in Flat-Rolled Stainless Steel, making it the 25th largest exporter of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 663rd most exported product in United Kingdom. The main destination of Flat-Rolled Stainless Steel exports from United Kingdom are: Sweden ($4.47M), Canada ($3.09M), Czechia ($2.6M), Germany ($1.72M), and United States ($1.42M).

The fastest growing export markets for Flat-Rolled Stainless Steel of United Kingdom between 2021 and 2022 were Sweden ($1.7M), Czechia ($921k), and Kuwait ($639k).

Imports In 2022, United Kingdom imported $199M in Flat-Rolled Stainless Steel, becoming the 12th largest importer of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 448th most imported product in United Kingdom. United Kingdom imports Flat-Rolled Stainless Steel primarily from: Germany ($56.6M), United States ($22.6M), Sweden ($22.6M), France ($14.7M), and China ($14M).

The fastest growing import markets in Flat-Rolled Stainless Steel for United Kingdom between 2021 and 2022 were United States ($15.8M), China ($9.07M), and Sweden ($7.86M).

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Flat-Rolled Stainless Steel exports accounted up to £1.72M and imports accounted up to £9.02M, resulting in a negative trade balance of £7.29M. Between September 2023 and September 2024 the exports of United Kingdom's   Flat-Rolled Stainless Steel have increased by £98.7k (6.07%) from £1.62M to £1.72M, while imports increased by £458k (5.35%) from £8.56M to £9.02M.

Destinations In September 2024, Flat-Rolled Stainless Steel were exported mostly to Sweden (£527k), Netherlands (£146k), China (£87.9k), France (£80.1k), and Germany (£78.7k), and were imported mostly from Sweden (£3.26M), Germany (£1.72M), China (£710k), Chinese Taipei (£660k), and Netherlands (£476k).

Growth In September 2024, the increase in Flat-Rolled Stainless Steel's year-by-year exports was explained primarily by an increase in exports to United States (£216k or 186%), Singapore (£175k or 284%), and Italy (£69.9k or 339%). In September 2024, the increase in Flat-Rolled Stainless Steel's year-by-year imports was explained primarily by an increase in imports from Sweden (£2.95M or 816%), United States (£2.08M or 368%), and China (£743k or 105%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£98.7k(6.07%)
IMPORT GROWTH (September 2023 - September 2024)£458k(5.35%)
MAIN EXPORTER (September 2024)London Gateway£1.04M
MAIN DESTINATION (September 2024)Sweden£527k

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$29M
IMPORTS (2022)$199M
NET TRADE (2022)-$170M

In 2022, United Kingdom exported $29M in Flat-Rolled Stainless Steel. The main destinations of United Kingdom exports on Flat-Rolled Stainless Steel were Sweden ($4.47M), Canada ($3.09M), Czechia ($2.6M), Germany ($1.72M), and United States ($1.42M).

In 2022, United Kingdom imported $199M in Flat-Rolled Stainless Steel, mainly from Germany ($56.6M), United States ($22.6M), Sweden ($22.6M), France ($14.7M), and China ($14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flat-Rolled Stainless Steel EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Sweden$1.7M (61.2%)
Czechia$921k (54.9%)
Kuwait$639k (1.27k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat-Rolled Stainless Steel BY United Kingdom WERE (2021 - 2022):
Germany-$870k (-33.6%)
Brazil-$606k (-55.4%)
Belgium-$528k (-29.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Flat-Rolled Stainless Steel were:
Germany $953M
China $901M
Italy $575M
In 2022, United Kingdom's main importing competitors in Flat-Rolled Stainless Steel were:
Germany $909M
United States $376M
Italy $346M

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Trade Value of Flat-Rolled Stainless Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.82M
TOP IMPORT POTENTIALChina+ $7.81M

Flat-Rolled Stainless Steel’s highest export potential is Germany. With an export gap of $2.82M.   Flat-Rolled Stainless Steel’s highest import potential is China with an import gap of $7.81M.

See methodology.

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