Gas and Liquid Flow Measuring Instruments in United Kingdom

EXPORTS (2018): $1.29B, World Rnk 4 / 196
Flag Rnk 62 / 1215

TOP DESTINATION (2018): $266M, United States

FASTEST GROWING MARKET (2017 - 2018): $47.2M, Germany

IMPORTS (2018): $887M, World Rnk 4 / 217
Flag Rnk 148 / 1212

TOP ORIGIN (2018): $292M, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $81M, Germany

ECONOMIC COMPLEXITY of United Kingdom (2018): 1.49, Rnk 13 / 137

PRODUCT COMPLEXITY  IN Gas and Liquid Flow Measuring Instruments (2018): 1.4, Rnk 65 / 1018

Overview: This page contains the latest trade data of Gas and Liquid Flow Measuring Instruments in United Kingdom.

Exports: In 2018, United Kingdom exported $1.29B in Gas and Liquid Flow Measuring Instruments, making it the 4th largest exporter of Gas and Liquid Flow Measuring Instruments in the world. At the same year, Gas and Liquid Flow Measuring Instruments was the 62nd most exported product in United Kingdom. The main destination of Gas and Liquid Flow Measuring Instruments exports from United Kingdom are: United States ($266M), Germany ($188M), China ($81.1M), France ($60.2M), and Japan ($37.8M).

The fastest growing export markets for Gas and Liquid Flow Measuring Instruments of United Kingdom between 2017 and 2018 were Germany ($47.2M), United States ($21.4M), and France ($17.8M).

Imports: In 2018, United Kingdom imported $887M in Gas and Liquid Flow Measuring Instruments, becoming the 4th largest importer of Gas and Liquid Flow Measuring Instruments in the world. At the same year, Gas and Liquid Flow Measuring Instruments was the 148th most imported product in United Kingdom. United Kingdom imports Gas and Liquid Flow Measuring Instruments primarily from: Germany ($292M), United States ($175M), China ($68.9M), France ($54.7M), and Netherlands ($43.9M).

The fastest growing import markets in Gas and Liquid Flow Measuring Instruments for United Kingdom between 2017 and 2018 were Germany ($81M), France ($16.5M), and Switzerland ($12.7M).

Overview: In June 2020 United Kingdom's Gas and Liquid Flow Measuring Instruments exports accounted up to £61.9M and imports accounted up to £49.2M, resulting in a positive trade balance of £12.7M. Between June 2019 and June 2020 the exports of United Kingdom's   Gas and Liquid Flow Measuring Instruments have decreased by £-25.4M (-29.1%) from £87.3M to £61.9M, while imports decreased by £-10.2M (-17.1%) from £59.4M to £49.2M.

Destinations: In June 2020 Gas and Liquid Flow Measuring Instruments exported mostly to United States (£12.2M), Germany (£8.35M), China (£4.65M), France (£3.36M), and Italy (£2.24M), and imported mostly from United States (£10.5M), Germany (£9.72M), Norway (£8.1M), China (£4.71M), and Netherlands (£2.83M).

Growth: In June 2020, the decrease in Gas and Liquid Flow Measuring Instruments's year-by-year exports was explained primarily by a decrease in exports to United States (£-6.95M or -37.9%), Germany (£-4.48M or -36.4%), and France (£-2.03M or -40.3%). In June 2020, the decrease in Gas and Liquid Flow Measuring Instruments's year-by-year imports was explained primarily by a decrease in imports from United States (£-8.2M or -42.5%), Germany (£-5.31M or -42.1%), and Japan (£-2.54M or -56.7%).

Subnational Monthly Trade

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EXPORT GROWTH (June 2019 - June 2020): £-25.4M, (-29.1%)

IMPORT GROWTH (June 2019 - June 2020): £-10.2M, (-17.1%)

MAIN EXPORTER (June 2020): London Heathrow Airport, £13M

MAIN DESTINATION (June 2020): United States, £12.2M

This section shows Gas and Liquid Flow Measuring 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 Gas and Liquid Flow Measuring Instruments over time.

Value

EXPORTS (2018): $1.29B

IMPORTS (2018): $887M

NET TRADE (2018): $408M

In 2018, United Kingdom exported $1.29B in Gas and Liquid Flow Measuring Instruments. The main destinations of United Kingdom exports on Gas and Liquid Flow Measuring Instruments were United States ($266M), Germany ($188M), China ($81.1M), France ($60.2M), and Japan ($37.8M).

In 2018, United Kingdom imported $887M in Gas and Liquid Flow Measuring Instruments, mainly from Germany ($292M), United States ($175M), China ($68.9M), France ($54.7M), and Netherlands ($43.9M).

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IN 2018, United Kingdom HAD A POSITIVE NET TRADE IN Gas and Liquid Flow Measuring Instruments WITH:

  • United States, $90.8M ($266M - $175M)
  • United Arab Emirates, $30.4M ($31.3M - $934k)
  • Spain, $26.7M ($32.8M - $6.12M)

IN 2018, United Kingdom HAD A NEGATIVE NET TRADE IN Gas and Liquid Flow Measuring Instruments WITH:

  • Germany, -$104M ($188M - $292M)
  • Switzerland, -$10.9M ($14.6M - $25.6M)
  • Netherlands, -$10.9M ($33M - $43.9M)
Flow

THE FASTEST GROWING Gas and Liquid Flow Measuring Instruments EXPORT MARKETS FOR United Kingdom WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas and Liquid Flow Measuring Instruments BY United Kingdom WERE (2017 - 2018):

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Market Concentration

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In 2018, United Kingdom's main exporting competitors in Gas and Liquid Flow Measuring Instruments were:

In 2018, United Kingdom's main importing competitors in Gas and Liquid Flow Measuring Instruments were:

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Trade Forecasts

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This section shows forecasts for total exports and imports, for Gas and Liquid Flow Measuring Instruments in United Kingdom. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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