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2022
Exports $41.1MWorld Rnk 16 / 188
Flag Rnk 593 / 1216
2022
Destination $7.43M United States
2021 - 2022
FASTEST GROWING MARKET $7.43MUnited States
2022
PRODUCT COMPLEXITY IN Hand-Woven Rugs-0.91Rnk 811 / 1025
2022
Imports $209MWorld Rnk 4 / 217
Flag Rnk 437 / 1214
2022
Origin $6.28M Turkey
2021 - 2022
FASTEST GROWING ORIGIN $6.28MPoland
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $41.1M in Hand-Woven Rugs, making it the 16th largest exporter of Hand-Woven Rugs in the world. At the same year, Hand-Woven Rugs was the 593rd most exported product in United Kingdom. The main destination of Hand-Woven Rugs exports from United Kingdom are: United States ($22.9M), France ($2.21M), Ireland ($2.09M), Netherlands ($1.83M), and Saudi Arabia ($1.59M).

The fastest growing export markets for Hand-Woven Rugs of United Kingdom between 2021 and 2022 were United States ($7.43M), Saudi Arabia ($1.47M), and South Korea ($370k).

Imports In 2022, United Kingdom imported $209M in Hand-Woven Rugs, becoming the 4th largest importer of Hand-Woven Rugs in the world. At the same year, Hand-Woven Rugs was the 437th most imported product in United Kingdom. United Kingdom imports Hand-Woven Rugs primarily from: Turkey ($61.6M), India ($35.8M), Belgium ($22.4M), Poland ($15.8M), and China ($13.9M).

The fastest growing import markets in Hand-Woven Rugs for United Kingdom between 2021 and 2022 were Poland ($6.28M), Egypt ($2.82M), and United States ($1.4M).

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Hand-Woven Rugs exports accounted up to £4.83M and imports accounted up to £12.5M, resulting in a negative trade balance of £7.66M. Between June 2023 and June 2024 the exports of United Kingdom's   Hand-Woven Rugs have increased by £1.05M (27.7%) from £3.78M to £4.83M, while imports decreased by £-3.22M (-20.5%) from £15.7M to £12.5M.

Destinations In June 2024, Hand-Woven Rugs were exported mostly to United States (£2.43M), Netherlands (£1.14M), Ireland (£327k), France (£316k), and Switzerland (£83.1k), and were imported mostly from N/A.

Growth In June 2024, the increase in Hand-Woven Rugs's year-by-year exports was explained primarily by an increase in exports to Finland (£559k or 4.68k%), Ireland (£259k or 74.1%), and France (£194k or 72.6%). In June 2024, the decrease in Hand-Woven Rugs's year-by-year imports was explained primarily by a decrease in imports from India (£-1.06M or -34.1%), China (£-298k or -34.5%), and United States (£-149k or -28.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£1.05M(27.7%)
IMPORT GROWTH (June 2023 - June 2024)£-3.22M(-20.5%)
MAIN EXPORTER (June 2024)Liverpool£2.3M
MAIN DESTINATION (June 2024)United States£2.43M

This section shows Hand-Woven Rugs'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 Hand-Woven Rugs over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$41.1M
IMPORTS (2022)$209M
NET TRADE (2022)-$168M

In 2022, United Kingdom exported $41.1M in Hand-Woven Rugs. The main destinations of United Kingdom exports on Hand-Woven Rugs were United States ($22.9M), France ($2.21M), Ireland ($2.09M), Netherlands ($1.83M), and Saudi Arabia ($1.59M).

In 2022, United Kingdom imported $209M in Hand-Woven Rugs, mainly from Turkey ($61.6M), India ($35.8M), Belgium ($22.4M), Poland ($15.8M), and China ($13.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand-Woven Rugs EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$7.43M (48%)
Saudi Arabia$1.47M (1.25k%)
South Korea$370k (1.35k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand-Woven Rugs BY United Kingdom WERE (2021 - 2022):
Ireland-$3.48M (-62.4%)
Germany-$1.25M (-61.3%)
Poland-$938k (-90%)
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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 Hand-Woven Rugs were:
Turkey $2.34B
India $785M
China $584M
In 2022, United Kingdom's main importing competitors in Hand-Woven Rugs were:
United States $1.61B
Germany $392M
Saudi Arabia $218M

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Trade Value of Hand-Woven Rugs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.21M
TOP IMPORT POTENTIALIndia+ $6.98M

Hand-Woven Rugs’s highest export potential is United States. With an export gap of $2.21M.   Hand-Woven Rugs’s highest import potential is India with an import gap of $6.98M.

See methodology.

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